Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $42.43 in the prior trading day, Helmerich & Payne, Inc. (NYSE: HP) closed at $40.44, down -4.69%. In other words, the price has decreased by -$4.69 from its previous closing price. On the day, 2.51 million shares were traded. HP stock price reached its highest trading level at $41.0 during the session, while it also had its lowest trading level at $39.01.
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 11.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.19. 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:
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 Mar 01 ’24 when Lennox Michael sold 2,324 shares for $38.81 per share. The transaction valued at 90,194 led to the insider holds 100,322 shares of the business.
Lennox Michael sold 10,176 shares of HP for $391,878 on Feb 29 ’24. The SVP, US LAND OPS, DRILLING SUB now owns 102,646 shares after completing the transaction at $38.51 per share. On Sep 27 ’23, another insider, HELMERICH HANS, who serves as the Director of the company, sold 74,373 shares for $43.65 each. As a result, the insider received 3,246,381 and left with 1,265,915 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 3996547584 and an Enterprise Value of 4261946624. As of this moment, Helmerich’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.62, and their Forward P/E ratio for the next fiscal year is 10.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at 1.551 whereas that against EBITDA is 5.065.
Stock Price History:
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 -0.26%, while the 200-Day Moving Average is calculated to be 2.27%.
Shares Statistics:
The stock has traded on average 1.35M shares per day over the past 3-months and 1310210 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 95.20M. Insiders hold about 3.67% of the company’s shares, while institutions hold 107.68% stake in the company. Shares short for HP as of 1713139200 were 11556203 with a Short Ratio of 8.57, 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
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 0.02356823The stock’s 5-year Average Dividend Yield is 6.04.
