Beyond The Numbers: 3 Analysts Discuss Helmerich & Payne Stock
Portfolio Pulse from Benzinga Insights
In the past three months, three analysts have provided ratings for Helmerich & Payne (NYSE:HP), ranging from bullish to bearish. The average 12-month price target is $42.0, a 2.71% decrease from the previous target. Analysts have adjusted their ratings and price targets based on recent company performance and market conditions.
August 05, 2024 | 1:00 pm
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Analysts have mixed ratings for Helmerich & Payne (NYSE:HP) with an average 12-month price target of $42.0, down 2.71% from the previous target. Recent adjustments include RBC Capital raising its target to $50.00, B of A Securities lowering it to $40.00, and Piper Sandler lowering it to $36.00.
The mixed ratings and adjustments in price targets indicate uncertainty among analysts about Helmerich & Payne's short-term performance. The average price target has decreased, reflecting a cautious outlook. However, the company's strong net margin, ROE, and ROA, along with prudent debt management, provide a balanced view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100