Helmerich & Payne, Inc. (NYSE: HP) is -15.04% lower on its value in year-to-date trading and has touched a low of $30.03 and a high of $45.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HP stock was last observed hovering at around $30.90 in the last trading session, with the day’s loss setting it -0.55%.
Currently trading at $30.35, the stock is -7.71% and -14.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.86 million and changing -1.78% at the moment leaves the stock -17.97% off its SMA200. HP registered -29.69% loss for a year compared to 6-month loss of -22.91%.
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The stock witnessed a -12.41% gain in the last 1 month and extending the period to 3 months gives it a -14.21%, and is -4.41% down 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 3.81% over the week and 3.05% over the month.
Helmerich & Payne, Inc. (HP) has around 6200 employees, a market worth around $3.00B and $2.72B in sales. Current P/E ratio is 8.83 and Fwd P/E is 8.21. Profit margin for the company is 12.55%. Distance from 52-week low is 1.07% and -33.59% from its 52-week high. The company has generated returns on investments over the last 12 months (10.04%).
with sales reaching $692.14M over the same period.The EPS is expected to shrink by -15.26% this year, but quarterly earnings will post -4.30% year-over-year. Quarterly sales are estimated to grow 4.90% in year-over-year returns.
Helmerich & Payne, Inc. (HP) Top Institutional Holders
507.0 institutions hold shares in Helmerich & Payne, Inc. (HP), with institutional investors hold 113.27% of the company’s shares. The shares outstanding are 99.43M, and float is at 95.17M with Short Float at 15.74%. Institutions hold 109.47% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 15.89 million shares valued at $574.34 million. The investor’s holdings represent 16.0929% of the HP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.27 million shares valued at $407.37 million to account for 11.4143 of the shares outstanding. The other top investors are STATE FARM MUTUAL AUTOMOBILE INSURANCE CO which holds 8.26 million shares representing 8.3616% and valued at over $298.42 million, while DIMENSIONAL FUND ADVISORS LP holds 5.6473 of the shares totaling 5.58 million with a market value of $201.54 million.
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 Feb 29 ’24, Lennox Michael (SVP, US LAND OPS, DRILLING SUB) disposed off 10,176 shares at an average price of $38.51 for $0.39 million. The insider now directly holds 102,646 shares of Helmerich & Payne, Inc. (HP).
