Helmerich & Payne, Inc (NYSE: HP) is -41.04% lower on its value in year-to-date trading and has touched a low of $14.65 and a high of $42.39 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 $17.61 in the last trading session, with the day’s gains setting it 1.27%.
Currently trading at $18.88, the stock is 13.48% and 0.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.05 million and changing 7.21% at the moment leaves the stock -33.62% off its SMA200. HP registered -46.28% loss for a year compared to 6-month loss of -45.73%. The firm has a 50-day simple moving average (SMA 50) of $18.8758 and a 200-day simple moving average (SMA200) of $28.4406.
The stock witnessed a 3.28% gain in the last 1 month and extending the period to 3 months gives it a -25.35%, and is 11.98% 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 3.35% over the week and 3.72% over the month.
Helmerich & Payne, Inc (HP) has around 7000 employees, a market worth around $1.88B and $3.08B in sales. Current P/E ratio is 8.61 and Fwd P/E is 15.61. Profit margin for the company is 7.04%. Distance from 52-week low is 28.87% and -55.46% from its 52-week high. The company has generated returns on investments over the last 12 months (4.20%).
The EPS is expected to shrink by -61.64% this year.
Helmerich & Payne, Inc (HP) Top Institutional Holders
470.0 institutions hold shares in Helmerich & Payne, Inc (HP), with institutional investors hold 106.95% of the company’s shares. The shares outstanding are 99.42M, and float is at 95.47M with Short Float at 9.40%. Institutions hold 102.94% 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 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).
