Helmerich & Payne, Inc (NYSE: HP) is -15.43% lower on its value in year-to-date trading and has touched a low of $25.69 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 $25.71 in the last trading session, with the day’s gains setting it 1.37%.
Currently trading at $27.08, the stock is -9.58% and -15.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.93 million and changing 5.33% at the moment leaves the stock -20.86% off its SMA200. HP registered -31.06% loss for a year compared to 6-month gain of -21.48%.
The stock witnessed a -25.56% loss in the last 1 month and extending the period to 3 months gives it a -20.00%, and is 0.48% 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 3.76% over the week and 4.05% over the month.
Helmerich & Payne, Inc (HP) has around 7000 employees, a market worth around $2.69B and $2.76B in sales. Current P/E ratio is 8.95 and Fwd P/E is 7.97. Profit margin for the company is 10.87%. Distance from 52-week low is 5.41% and -38.03% from its 52-week high. The company has generated returns on investments over the last 12 months (6.33%).
with sales reaching $1.02B over the same period.The EPS is expected to shrink by -19.27% this year, but quarterly earnings will post 39.08% year-over-year. Quarterly sales are estimated to grow 48.32% in year-over-year returns.
The shares outstanding are 99.19M, and float is at 95.55M with Short Float at 10.38%.
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 Foutch Randy A, the company’s Director. SEC filings show that Foutch Randy A bought 3,800 shares of the company’s common stock on Feb 18 ’25 at a price of $26.25 per share for a total of $99750.0. Following the purchase, the insider now owns 30624.0 shares.
Helmerich & Payne, Inc disclosed in a document filed with the SEC on Feb 10 ’25 that Chariag Belgacem (Director) bought a total of 37,356 shares of the company’s common stock. The trade occurred on Feb 10 ’25 and was made at $27.08 per share for $1.01 million. Following the transaction, the insider now directly holds 54606.0 shares of the HP stock.
Still, SEC filings show that on Feb 10 ’25, LINDSAY JOHN W (PRESIDENT AND CEO) acquired 20,000 shares at an average price of $27.55 for $0.55 million. The insider now directly holds 691,214 shares of Helmerich & Payne, Inc (HP).
