Helmerich & Payne, Inc. (NYSE: HP) is -11.60% lower on its value in year-to-date trading and has touched a low of $29.46 and a high of $43.98 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 $30.42 in the last trading session, with the day’s gains setting it 1.16%.
Currently trading at $31.58, the stock is 1.50% and -6.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.45 million and changing 3.81% at the moment leaves the stock -13.82% off its SMA200. HP registered -23.70% loss for a year compared to 6-month loss of -25.30%. The firm has a 50-day simple moving average (SMA 50) of $33.5986 and a 200-day simple moving average (SMA200) of $36.89855.
The stock witnessed a -3.22% gain in the last 1 month and extending the period to 3 months gives it a -11.08%, and is -3.90% 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 4.17% over the week and 3.82% over the month.
Helmerich & Payne, Inc. (HP) has around 6200 employees, a market worth around $3.12B and $2.72B in sales. Current P/E ratio is 9.19 and Fwd P/E is 8.72. Profit margin for the company is 12.55%. Distance from 52-week low is 7.20% and -28.20% from its 52-week high. The company has generated returns on investments over the last 12 months (10.04%).
with sales reaching $691.81M over the same period.The EPS is expected to shrink by -15.34% 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
500.0 institutions hold shares in Helmerich & Payne, Inc. (HP), with institutional investors hold 113.22% of the company’s shares. The shares outstanding are 99.43M, and float is at 95.17M with Short Float at 16.07%. Institutions hold 109.43% 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 purchase by Vann J Kevin, the company’s SENIOR VP AND CFO. SEC filings show that Vann J Kevin bought 3,300 shares of the company’s common stock on Sep 27 ’24 at a price of $30.19 per share for a total of $99627.0. Following the purchase, the insider now owns 3300.0 shares.
Helmerich & Payne, Inc. disclosed in a document filed with the SEC on Apr 29 ’24 that Smith Mark W. (SENIOR VP AND CFO) sold a total of 16,000 shares of the company’s common stock. The trade occurred on Apr 29 ’24 and was made at $40.49 per share for $0.65 million. Following the transaction, the insider now directly holds 0.14 million shares of the HP stock.
Still, SEC filings show that on Apr 29 ’24, Hair Cara M. (SVP, CORP. SERVICES & CLO) disposed off 9,910 shares at an average price of $40.22 for $0.4 million. The insider now directly holds 137,764 shares of Helmerich & Payne, Inc. (HP).
