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Helmerich & Payne, Inc (NYSE: HP) closed the day trading at $33.73 up 0.99% from the previous closing price of $33.40. In other words, the price has increased by $0.99 from its previous closing price. On the day, 1.03 million shares were traded. HP stock price reached its highest trading level at $33.805 during the session, while it also had its lowest trading level at $33.0.
Ratios:
For a better understanding of HP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.57. 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:
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 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 4602941952. As of this moment, Helmerich’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.86, and their Forward P/E ratio for the next fiscal year is 9.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.21 while its Price-to-Book (P/B) ratio in mrq is 1.14. Its current Enterprise Value per Revenue stands at 1.67 whereas that against EBITDA is 5.506.
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 0.23%, while the 200-Day Moving Average is calculated to be -7.46%.
Shares Statistics:
Over the past 3-months, HP traded about 1.59M shares per day on average, while over the past 10 days, HP traded about 1604080 shares per day. A total of 98.76M shares are outstanding, with a floating share count of 95.16M. Insiders hold about 3.64% of the company’s shares, while institutions hold 107.99% stake in the company. Shares short for HP as of 1730332800 were 11786032 with a Short Ratio of 7.42, compared to 1727654400 on 14541953. Therefore, it implies a Short% of Shares Outstanding of 11786032 and a Short% of Float of 17.849999999999998.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 5.87.
