Market Highlights: Helmerich & Payne, Inc. (HP) Ends on a Low Note at 38.50

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The price of Helmerich & Payne, Inc. (NYSE: HP) closed at $38.50 in the last session, down -1.36% from day before closing price of $39.03. In other words, the price has decreased by -$1.36 from its previous closing price. On the day, 1.19 million shares were traded. HP stock price reached its highest trading level at $39.18 during the session, while it also had its lowest trading level at $37.86.

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 11.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.64. 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 3804824064 and an Enterprise Value of 4069317376. As of this moment, Helmerich’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.07, and their Forward P/E ratio for the next fiscal year is 10.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 1.36. Its current Enterprise Value per Revenue stands at 1.48 whereas that against EBITDA is 4.847.

Stock Price History:

The Beta on a monthly basis for HP is 1.47, which has changed by 0.17629087 over the last 52 weeks, in comparison to a change of 0.2644323 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 $30.03. The 50-Day Moving Average of the stock is -5.49%, while the 200-Day Moving Average is calculated to be -2.48%.

Shares Statistics:

According to the various share statistics, HP traded on average about 1.13M shares per day over the past 3-months and 995490 shares per day over the past 10 days. A total of 99.43M shares are outstanding, with a floating share count of 95.14M. Insiders hold about 3.63% of the company’s shares, while institutions hold 108.39% stake in the company. Shares short for HP as of 1714435200 were 10419679 with a Short Ratio of 9.21, compared to 1711584000 on 11145352. Therefore, it implies a Short% of Shares Outstanding of 10419679 and a Short% of Float of 15.78.

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 0.025621317The 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.

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