Helmerich & Payne Inc

HP: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$24.00	Ztvh	Ttvfdfzj

Raising Helmerich & Payne’s FVE to $42 Following a Strong Fiscal 2022

Katherine Olexa

Nov 18, 2022

Helmerich & Payne posted solid fiscal fourth-quarter results, reflecting continued operating strength to end the company's fiscal year. We expect the strong results to persist through fiscal 2023. We’re raising our fair value estimate to $42 per share from $35 following results. Two key factors drive the increase: a higher average active rig count for the firm and a steady increase in day rates over the next several quarters.

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