Helmerich Payne Inc Q2 Fiscal 2024 Earnings Aligns Closely with Analyst Projections
| HP Stock | USD 38.49 0.28 0.73% |
Slightly above 57% of all Helmerich's retail investors are looking to take a long position. The analysis of overall sentiment of trading Helmerich and Payne stock suggests that some investors are interested at this time. Helmerich's investor sentiment overview provides quick insight into current market opportunities from investing in Helmerich and Payne. The current market sentiment, together with Helmerich's historical and current headlines, can help investors time the market. In addition, many technical investors use Helmerich and Payne stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Helmerich stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Helmerich daily returns and investor perception about the current price of Helmerich and Payne as well as its diversification or hedging effects on your existing portfolios.
Helmerich |
Net Income Reported at 85 million, surpassing the estimated 79.89 million.Earnings Per Share Achieved 0.84 per diluted share, slightly below the est
Read at gurufocus.com
 |
Helmerich and Payne Current Investor Sentiment
Panic Vs Confidence
57
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Helmerich's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Helmerich and Payne.
News SentimentBullish | Hype SentimentNeutral | Insider SentimentDisposing |
Helmerich Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Helmerich can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Helmerich and Payne Historical Investor Sentiment
Investor biases related to Helmerich's public news can be used to forecast risks associated with an investment in Helmerich. The trend in average sentiment can be used to explain how an investor holding Helmerich can time the market purely based on public headlines and social activities around Helmerich and Payne. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Helmerich's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Helmerich and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Helmerich news discussions. The higher the estimate score, the more favorable the investor's outlook on Helmerich.
Helmerich Fundamental Analysis
We analyze Helmerich's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Helmerich using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Helmerich based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Asset
Current Asset Comparative Analysis
Helmerich is currently under evaluation in current asset category among related companies. Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Helmerich and Payne Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Helmerich stock to make a market-neutral strategy. Peer analysis of Helmerich could also be used in its relative valuation, which is a method of valuing Helmerich by comparing valuation metrics with similar companies.
Peers
Helmerich Related Equities
| PTEN | Patterson UTI | 2.26 | ||||
| NBR | Nabors Industries | 1.90 | ||||
| PDS | Precision Drilling | 1.35 | ||||
| DO | Diamond Offshore | 0.68 | ||||
| RIG | Transocean | 0.50 | ||||
| BORR | Borr Drilling | 0.17 | ||||
| NE | Noble Plc | 0.08 | ||||
| SDRL | Seadrill | 0.25 |
Check out Helmerich Hype Analysis, Helmerich Correlation and Helmerich Performance. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Helmerich Stock analysis
When running Helmerich's price analysis, check to measure Helmerich's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Helmerich is operating at the current time. Most of Helmerich's value examination focuses on studying past and present price action to predict the probability of Helmerich's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Helmerich's price. Additionally, you may evaluate how the addition of Helmerich to your portfolios can decrease your overall portfolio volatility.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges |
Is Helmerich's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Helmerich. If investors know Helmerich will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Helmerich listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.46) | Dividend Share 1 | Earnings Share 3.49 | Revenue Per Share 27.592 | Quarterly Revenue Growth (0.11) |
The market value of Helmerich and Payne is measured differently than its book value, which is the value of Helmerich that is recorded on the company's balance sheet. Investors also form their own opinion of Helmerich's value that differs from its market value or its book value, called intrinsic value, which is Helmerich's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Helmerich's market value can be influenced by many factors that don't directly affect Helmerich's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Helmerich's value and its price as these two are different measures arrived at by different means. Investors typically determine if Helmerich is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Helmerich's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.