Helmerich & Payne, Inc (NYSE: HP) is -15.18% lower on its value in year-to-date trading and has touched a low of $29.46 and a high of $43.70 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 $30.61 in the last trading session, with the day’s loss setting it -0.31%.
Currently trading at $30.30, the stock is -10.82% and -11.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.75 million and changing -1.01% at the moment leaves the stock -15.96% off its SMA200. HP registered -18.70% loss for a year compared to 6-month loss of -10.39%. The firm has a 50-day simple moving average (SMA 50) of $34.3936 and a 200-day simple moving average (SMA200) of $36.20255.
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The stock witnessed a -9.28% gain in the last 1 month and extending the period to 3 months gives it a -7.11%, and is -10.43% 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 4.49% over the week and 3.71% over the month.
Helmerich & Payne, Inc (HP) has around 7000 employees, a market worth around $2.99B and $2.76B in sales. Current P/E ratio is 8.85 and Fwd P/E is 8.37. Profit margin for the company is 12.31%. Distance from 52-week low is 2.85% and -30.66% from its 52-week high. The company has generated returns on investments over the last 12 months (7.13%).
The EPS is expected to shrink by -10.65% this year
506.0 institutions hold shares in Helmerich & Payne, Inc (HP), with institutional investors hold 112.71% of the company’s shares. The shares outstanding are 98.76M, and float is at 95.23M with Short Float at 12.67%. Institutions hold 108.80% 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).
