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After finishing at $34.09 in the prior trading day, Helmerich & Payne, Inc. (NYSE: HP) closed at $34.49, up 1.17%. In other words, the price has increased by $1.17 from its previous closing price. On the day, 1.13 million shares were traded. HP stock price reached its highest trading level at $34.8698 during the session, while it also had its lowest trading level at $34.18.
Ratios:
Our goal is to gain a better understanding of HP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.95. For the most recent quarter (mrq), Quick Ratio is recorded 1.87 and its Current Ratio is at 2.12. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 Feb 29 ’24, another insider, Lennox Michael, who serves as the SVP, US LAND OPS, DRILLING SUB of the company, sold 10,176 shares for $38.51 each. As a result, the insider received 391,878 and left with 102,646 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 3406073856 and an Enterprise Value of 3661942272. As of this moment, Helmerich’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.04, and their Forward P/E ratio for the next fiscal year is 9.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 1.345 whereas that against EBITDA is 4.542.
Stock Price History:
Over the past 52 weeks, HP has reached a high of $45.70, while it has fallen to a 52-week low of $31.73. The 50-Day Moving Average of the stock is -4.30%, while the 200-Day Moving Average is calculated to be -7.85%.
Shares Statistics:
The stock has traded on average 1.36M shares per day over the past 3-months and 1126730 shares per day over the last 10 days, according to various share statistics. A total of 99.43M shares are outstanding, with a floating share count of 95.11M. Insiders hold about 3.69% of the company’s shares, while institutions hold 111.02% stake in the company. Shares short for HP as of 1722384000 were 14219895 with a Short Ratio of 10.48, compared to 1719532800 on 12175661. Therefore, it implies a Short% of Shares Outstanding of 14219895 and a Short% of Float of 21.530001000000002.
Dividends & Splits
In the trailing 12 months, HP’s forward annual dividend rate was 1.0, compared to 1.00 this year. Against a Trailing Annual Dividend Yield of 0.029334115The stock’s 5-year Average Dividend Yield is 5.98.
