Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Helmerich & Payne ( (HP) ) has issued an announcement.
On January 16, 2025, Helmerich & Payne, Inc. completed its acquisition of KCA Deutag International Limited for approximately $2.0 billion. This acquisition, funded through a combination of senior notes, term loans, and cash, is expected to enhance H&P’s market position by integrating KCA Deutag’s operations, although the pro forma financial statements indicate that actual results may vary from projections.
The most recent analyst rating on (HP) stock is a Hold with a $50.00 price target. To see the full list of analyst forecasts on Helmerich & Payne stock, see the HP Stock Forecast page.
Spark’s Take on HP Stock
According to Spark, TipRanks’ AI Analyst, HP is a Neutral.
Helmerich & Payne’s overall score is influenced by solid financial performance and a strong balance sheet, but tempered by bearish technical indicators and challenges highlighted in the earnings call, such as international operational issues and the impact of softer oil prices. The attractive valuation and high dividend yield provide some support, although market conditions pose risks.
To see Spark’s full report on HP stock, click here.
More about Helmerich & Payne
Helmerich & Payne, Inc. (H&P) is a Delaware corporation operating in the drilling services industry. The company focuses on providing drilling services and solutions, primarily for the oil and gas sector.
Average Trading Volume: 1,788,139
Technical Sentiment Signal: Sell
Current Market Cap: $1.9B
For detailed information about HP stock, go to TipRanks’ Stock Analysis page.