For its fourth fiscal quarter (ending September 30), Helmerich & Payne Inc. (NYSE: HP) has reported a 86% increase in E.P.S. from $0.42 a year ago to $0.78 in the current quarter. This performance was $0.04 better than the consensus estimate of $0.74. For the latest four quarters through September 30, E.P.S. were $4.18 compared to $0.05 a year ago — an increase of 8260%.
Recent Price Action
Helmerich & Payne Inc. (NYSE: HP) stock declined modestly by -0.7% on 11/8/23. The stock closed at $38.05. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.8% during the last week.
Current PriceTarget Research Rating
HP is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Helmerich & Payne has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Helmerich & Payne has a slightly negative Appreciation Score of 37 but a good Power Rating of 78, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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