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The closing price of Helmerich & Payne, Inc. (NYSE: HP) was $34.90 for the day, down -3.38% from the previous closing price of $36.12. In other words, the price has decreased by -$3.38 from its previous closing price. On the day, 1.02 million shares were traded. HP stock price reached its highest trading level at $35.65 during the session, while it also had its lowest trading level at $34.88.
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 9.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.64. 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:
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 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 Mar 01 ’24, another insider, Lennox Michael, who serves as the SVP, US LAND OPS, DRILLING SUB of the company, sold 2,324 shares for $38.81 each. As a result, the insider received 90,194 and left with 100,322 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 3449048576 and an Enterprise Value of 3713908224. As of this moment, Helmerich’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.03, and their Forward P/E ratio for the next fiscal year is 9.62. 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 1.23. Its current Enterprise Value per Revenue stands at 1.351 whereas that against EBITDA is 4.424.
Stock Price History:
Over the past 52 weeks, HP has reached a high of $45.93, while it has fallen to a 52-week low of $31.31. The 50-Day Moving Average of the stock is -12.76%, while the 200-Day Moving Average is calculated to be -10.49%.
Shares Statistics:
HP traded an average of 1.06M shares per day over the past three months and 875840 shares per day over the past ten days. A total of 99.43M shares are outstanding, with a floating share count of 95.14M. Insiders hold about 3.63% of the company’s shares, while institutions hold 105.99% stake in the company. Shares short for HP as of 1715731200 were 9837479 with a Short Ratio of 9.25, compared to 1713139200 on 11556203. Therefore, it implies a Short% of Shares Outstanding of 9837479 and a Short% of Float of 14.899999.
Dividends & Splits
With its trailing 12-month dividend rate of 1.0, HP has a forward annual dividend rate of 1.00. Against a Trailing Annual Dividend Yield of 0.027685493The stock’s 5-year Average Dividend Yield is 6.02.
