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In the latest session, Helmerich & Payne, Inc (NYSE: HP) closed at $30.61 down -6.22% from its previous closing price of $32.64. In other words, the price has decreased by -$6.22 from its previous closing price. On the day, 2.1 million shares were traded. HP stock price reached its highest trading level at $32.9 during the session, while it also had its lowest trading level at $30.255.
Ratios:
For a deeper understanding of Helmerich & Payne, Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.94. For the most recent quarter (mrq), Quick Ratio is recorded 2.38 and its Current Ratio is at 2.65. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.63.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 27 ’24 when Vann J Kevin bought 3,300 shares for $30.19 per share. The transaction valued at 99,627 led to the insider holds 3,300 shares of the business.
Smith Mark W. sold 16,000 shares of HP for $647,840 on Apr 29 ’24. The SENIOR VP AND CFO now owns 144,870 shares after completing the transaction at $40.49 per share. On Apr 29 ’24, another insider, Hair Cara M., who serves as the SVP, CORP. SERVICES & CLO of the company, sold 9,910 shares for $40.22 each. As a result, the insider received 398,580 and left with 137,764 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 3022902784 and an Enterprise Value of 4294825216. As of this moment, Helmerich’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.94, and their Forward P/E ratio for the next fiscal year is 8.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 1.558 whereas that against EBITDA is 5.137.
Stock Price History:
Over the past 52 weeks, HP has reached a high of $43.70, while it has fallen to a 52-week low of $29.46. The 50-Day Moving Average of the stock is -11.22%, while the 200-Day Moving Average is calculated to be -15.19%.
Shares Statistics:
For the past three months, HP has traded an average of 1.50M shares per day and 1247350 over the past ten days. A total of 98.76M shares are outstanding, with a floating share count of 95.23M. Insiders hold about 3.57% of the company’s shares, while institutions hold 108.08% stake in the company. Shares short for HP as of 1732838400 were 12066530 with a Short Ratio of 8.04, compared to 1730332800 on 11786032. Therefore, it implies a Short% of Shares Outstanding of 12066530 and a Short% of Float of 18.270001.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 5.83.
