3 Analysts Assess Helmerich & Payne: What You Need To Know
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Helmerich & Payne (NYSE:HP) with recent ratings showing a mix of 'Somewhat Bullish' and 'Indifferent' sentiments. The average 12-month price target has declined by 7.4% to $41.67. Key analysts from Piper Sandler and Susquehanna have lowered their price targets. Despite a 10.57% decline in revenue over the past three months, the company maintains strong profitability and effective debt management.
July 15, 2024 | 12:01 pm
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Analysts have mixed views on Helmerich & Payne (NYSE:HP) with recent ratings showing a mix of 'Somewhat Bullish' and 'Indifferent' sentiments. The average 12-month price target has declined by 7.4% to $41.67. Key analysts from Piper Sandler and Susquehanna have lowered their price targets. Despite a 10.57% decline in revenue over the past three months, the company maintains strong profitability and effective debt management.
The mixed analyst ratings and the decline in the average price target suggest a neutral short-term impact on HP's stock price. However, the company's strong profitability and effective debt management provide a solid foundation, balancing the negative sentiment from the revenue decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100