Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Helmerich & Payne, Inc. (NYSE: HP) closed at $39.33 in the last session, down -3.65% from day before closing price of $40.82. In other words, the price has decreased by -$3.65 from its previous closing price. On the day, 1.16 million shares were traded. HP stock price reached its highest trading level at $40.57 during the session, while it also had its lowest trading level at $39.21.
Ratios:
We take a closer look at HP’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.87. For the most recent quarter (mrq), Quick Ratio is recorded 1.92 and its Current Ratio is at 2.16. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.19.
On January 10, 2024, Barclays Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $44 to $40.
Piper Sandler Downgraded its Overweight to Neutral on January 08, 2024, whereas the target price for the stock was revised from $47 to $41.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 29 ’24 when Smith Mark W. sold 16,000 shares for $40.49 per share. The transaction valued at 647,840 led to the insider holds 144,870 shares of the business.
Hair Cara M. sold 9,910 shares of HP for $398,580 on Apr 29 ’24. The SVP, CORP. SERVICES & CLO now owns 137,764 shares after completing the transaction at $40.22 per share. On Mar 01 ’24, another insider, Lennox Michael, who serves as the SVP, US LAND OPS, DRILLING SUB of the company, sold 2,324 shares for $38.81 each. As a result, the insider received 90,194 and left with 100,322 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HP now has a Market Capitalization of 3886850304 and an Enterprise Value of 4151258880. As of this moment, Helmerich’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.30, and their Forward P/E ratio for the next fiscal year is 10.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.41 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 1.51 whereas that against EBITDA is 4.945.
Stock Price History:
The Beta on a monthly basis for HP is 1.51, which has changed by 0.26544404 over the last 52 weeks, in comparison to a change of 0.23099434 over the same period for the S&P500. Over the past 52 weeks, HP has reached a high of $46.13, while it has fallen to a 52-week low of $29.73. The 50-Day Moving Average of the stock is -3.44%, while the 200-Day Moving Average is calculated to be -0.67%.
Shares Statistics:
According to the various share statistics, HP traded on average about 1.35M shares per day over the past 3-months and 1371630 shares per day over the past 10 days. A total of 99.43M shares are outstanding, with a floating share count of 95.11M. Insiders hold about 3.66% of the company’s shares, while institutions hold 107.67% stake in the company. Shares short for HP as of 1713139200 were 11556203 with a Short Ratio of 8.56, compared to 1710460800 on 11599495. Therefore, it implies a Short% of Shares Outstanding of 11556203 and a Short% of Float of 17.48.
Dividends & Splits
The forward annual dividend rate for HP is 1.00, which was 1.0 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.024497796The stock’s 5-year Average Dividend Yield is 6.04. The current Payout Ratio is 45.03% for HP, which recently paid a dividend on 2024-02-12 with an ex-dividend date of 1715817600. Stock splits for the company last occurred on 2006-07-10 when the company split stock in a 2:1 ratio.
Earnings Estimates
As of right now, 15.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.85 for the current quarter, with a high estimate of $1.0 and a low estimate of $0.74, while EPS last year was $1.09. The consensus estimate for the next quarter is $0.88, with high estimates of $1.05 and low estimates of $0.78.
Analysts are recommending an EPS of between $4.02 and $3.09 for the fiscal current year, implying an average EPS of $3.52. EPS for the following year is $3.9, with 16.0 analysts recommending between $4.69 and $3.04.
Revenue Estimates
According to 14 analysts, the current quarter’s revenue is expected to be $687.16M. It ranges from a high estimate of $724M to a low estimate of $663M. As of the current estimate, Helmerich & Payne, Inc.’s year-ago sales were $723.96MFor the next quarter, 14 analysts are estimating revenue of $701.48M. There is a high estimate of $772.2M for the next quarter, whereas the lowest estimate is $664M.
A total of 18 analysts have provided revenue estimates for HP’s current fiscal year. The highest revenue estimate was $2.81B, while the lowest revenue estimate was $2.68B, resulting in an average revenue estimate of $2.74B. In the same quarter a year ago, actual revenue was $2.87BBased on 17 analysts’ estimates, the company’s revenue will be $2.9B in the next fiscal year. The high estimate is $3.03B and the low estimate is $2.73B.
