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The closing price of Helmerich & Payne, Inc. (NYSE: HP) was $33.73 for the day, down -2.40% from the previous closing price of $34.56. In other words, the price has decreased by -$2.40 from its previous closing price. On the day, 1.34 million shares were traded. HP stock price reached its highest trading level at $34.67 during the session, while it also had its lowest trading level at $33.54.
Ratios:
Our analysis of HP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.62. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3331019520 and an Enterprise Value of 3586887936. As of this moment, Helmerich’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.81, and their Forward P/E ratio for the next fiscal year is 9.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.22 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 1.318 whereas that against EBITDA is 4.449.
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 2.74%, while the 200-Day Moving Average is calculated to be -7.60%.
Shares Statistics:
HP traded an average of 1.70M shares per day over the past three months and 1412070 shares per day over the past ten days. A total of 99.43M shares are outstanding, with a floating share count of 95.16M. Insiders hold about 3.64% of the company’s shares, while institutions hold 108.84% stake in the company. Shares short for HP as of 1727654400 were 14541953 with a Short Ratio of 8.55, compared to 1724976000 on 15660940. Therefore, it implies a Short% of Shares Outstanding of 14541953 and a Short% of Float of 22.02.
Dividends & Splits
With its trailing 12-month dividend rate of 1.0, HP has a forward annual dividend rate of 0.99. Against a Trailing Annual Dividend Yield of 0.028935185The stock’s 5-year Average Dividend Yield is 5.92.
