Ratio Analysis: Unpacking Helmerich & Payne, Inc. (HP)’s Price-to-Cash and Price-to-Free Cash Flow

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After finishing at $32.86 in the prior trading day, Helmerich & Payne, Inc. (NYSE: HP) closed at $31.15, down -5.20%. In other words, the price has decreased by -$5.20 from its previous closing price. On the day, 1.62 million shares were traded. HP stock price reached its highest trading level at $32.53 during the session, while it also had its lowest trading level at $31.025.

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 8.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.50. 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 3076230656 and an Enterprise Value of 3332099072. As of this moment, Helmerich’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.06, and their Forward P/E ratio for the next fiscal year is 8.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.13 while its Price-to-Book (P/B) ratio in mrq is 1.08. Its current Enterprise Value per Revenue stands at 1.224 whereas that against EBITDA is 4.133.

Stock Price History:

Over the past 52 weeks, HP has reached a high of $44.22, while it has fallen to a 52-week low of $29.46. The 50-Day Moving Average of the stock is -9.46%, while the 200-Day Moving Average is calculated to be -15.22%.

Shares Statistics:

The stock has traded on average 1.61M shares per day over the past 3-months and 1940510 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 95.17M. Insiders hold about 3.63% of the company’s shares, while institutions hold 108.78% stake in the company. Shares short for HP as of 1724976000 were 15660940 with a Short Ratio of 9.48, compared to 1722384000 on 14219895. Therefore, it implies a Short% of Shares Outstanding of 15660940 and a Short% of Float of 23.709999.

Dividends & Splits

In the trailing 12 months, HP’s forward annual dividend rate was 1.0, compared to 0.99 this year. Against a Trailing Annual Dividend Yield of 0.030432135The stock’s 5-year Average Dividend Yield is 5.94.

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