<div id="readability-page-1"><p>02:05 PM EST, 11/26/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:</p><p>Our 12-month target price of $19, up $6, reflects a combination of relative valuation and DCF model analyses. On a relative basis, we apply a 4.3x multiple of enterprise value to projected FY 27 (Sep.) EPS, in line with HP's three-year average historical forward average. We think an average multiple is arguably generous today, as we have concerns over growth in the North American land drilling market. On this basis, we find a value of $19 per share. Our DCF model, using free cash flow growth of 9% per year for 10 years, 2% thereafter, discounted at a WACC of 6.5%, also yields a value of $19 per share. We cut our FY 26 EPS estimate by $1.03 to $0.40 and start FY 27's at $0.85. We think this coming year represents an earnings trough year for HP, as the recent lifting of suspensions on seven rigs in Saudi Arabia will bring with it reactivation costs. HP's outlook for North America suggests a flattish FY 26, but the macroeconomic picture seems cloudy given weak commodity prices, in our view.</p> <p>MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</p></div>

赫爾默裏奇&佩恩

<p>CFRA 對赫爾默裏奇&佩恩保持賣出評級，設定 12 個月目標價為 19 美元，上調 6 美元，基於相對估值和現金流折現模型分析。對北美陸上鑽探市場增長和沙特阿拉伯重新啓動成本的擔憂影響了這一觀點。2026 財年的每股收益預估下調至 0.40 美元，2027 財年起始為 0.85 美元，表明盈利處於低谷年。由於商品價格疲軟，宏觀經濟前景似乎不確定</p>

研究警報：CFRA 維持對赫爾默裏奇&佩恩股票的賣出評級