Helmerich & Payne, Inc. (NYSE: HP) is 8.93% higher on its value in year-to-date trading and has touched a low of $29.73 and a high of $46.13 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HP stock was last observed hovering at around $38.44 in the last trading session, with the day’s gains setting it 0.84%.
Currently trading at $39.28, the stock is -2.77% and -3.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 2.19% at the moment leaves the stock -0.70% off its SMA200. HP registered 26.20% gain for a year compared to 6-month gain of 3.41%.
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The stock witnessed a -8.65% loss in the last 1 month and extending the period to 3 months gives it a 3.34%, and is 3.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.16% over the week and 3.01% over the month.
Helmerich & Payne, Inc. (HP) has around 6200 employees, a market worth around $3.88B and $2.75B in sales. Current P/E ratio is 11.29 and Fwd P/E is 10.59. Profit margin for the company is 12.66%. Distance from 52-week low is 32.12% and -14.85% from its 52-week high. The company has generated returns on investments over the last 12 months (10.40%).
The EPS is expected to shrink by -16.95% this year
The shares outstanding are 99.43M, and float is at 95.14M with Short Float at 12.15%.
Helmerich & Payne, Inc. (HP) Insider Activity
The most recent transaction is an insider sale by Smith Mark W., the company’s SENIOR VP AND CFO. SEC filings show that Smith Mark W. sold 16,000 shares of the company’s common stock on Apr 29 ’24 at a price of $40.49 per share for a total of $0.65 million. Following the sale, the insider now owns 0.14 million shares.
Helmerich & Payne, Inc. disclosed in a document filed with the SEC on Apr 29 ’24 that Hair Cara M. (SVP, CORP. SERVICES & CLO) sold a total of 9,910 shares of the company’s common stock. The trade occurred on Apr 29 ’24 and was made at $40.22 per share for $0.4 million. Following the transaction, the insider now directly holds 0.14 million shares of the HP stock.
Still, SEC filings show that on Mar 01 ’24, Lennox Michael (SVP, US LAND OPS, DRILLING SUB) disposed off 2,324 shares at an average price of $38.81 for $90194.0. The insider now directly holds 100,322 shares of Helmerich & Payne, Inc. (HP).
