Unveiling 7 Analyst Insights On Helmerich & Payne
Portfolio Pulse from Benzinga Insights
Analysts have diverse views on Helmerich & Payne (NYSE:HP), with recent evaluations showing a mix of bullish to bearish sentiments. The average 12-month price target is $43.71, down 1.04% from the previous $44.17. The company faces financial challenges, including a -5.9% revenue decline and a net margin below industry averages, despite a strong ROE and ROA. Helmerich & Payne operates a large fleet of land drilling rigs in the U.S. and has a presence in major U.S. shale plays.
April 01, 2024 | 4:00 pm
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NEUTRAL IMPACT
Helmerich & Payne faces mixed analyst sentiments, with a slight decrease in the average price target. Financial challenges persist, but strong ROE and ROA indicate potential resilience.
The mixed analyst ratings and slight decrease in the average price target suggest uncertainty about HP's short-term stock performance. However, the company's strong ROE and ROA, alongside its significant presence in U.S. shale plays, could mitigate negative impacts from its financial challenges, leading to a neutral short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100