Helmerich & Payne Inc. (NYSE:HP) saw an upside of 0.10% to close Monday at $30.82 after adding $0.03 on the day. The 5-day average trading volume is 1,589,480 shares of the company’s common stock. It has gained $31.85 in the past week. An average of 1,260,780 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,075,804.
HP’s 1-month performance is 14.79% or $3.97 on its low of $24.59 reached on 09/20/21. The company’s shares have touched a 52-week low of $13.70 and high of $36.26, with the stock’s rally to the 52-week high happening on 06/16/21. YTD, HP has achieved 33.07% or $7.66. However, the current price is down -15.00%% from the 52-week high price.
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On Jun 02, 132 days have gone by since the last insider trading activity for Helmerich & Payne Inc. (HP). Benson Todd Willard (Chief Innovation Officer, sub) most recently sold 5,000 shares at $32.50 per share on Jun 02. This transaction cost the insider $162,500. Director, HELMERICH HANS, sold 50,000 shares at a price of $32.76 on Mar 11. Then, on Dec 15, SVP, US Land Ops, drilling sub Lennox Michael sold 1,437 shares at a price of $24.05 per share. This transaction amounted to $34,560.
Helmerich & Payne Inc. (HP) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.63 for the sector. The company’s PE ratio for the last five years has touched a high of 97.74 and a low of 10.29. HP stock has a beta of 2.20. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.04 while the price-to-book (PB) in the most recent quarter is 1.11.
Helmerich & Payne Inc. pays an annual dividend of $1.00 per share. Its dividend yield is 3.24%. HP paid $0.25 a share compared with prior rate of $0.25, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend decrease of $0.46 reported on Friday June 5 2020. Measured over the last 3 years, the Dividend has been growing by -31.43% yearly.
It is projected that Helmerich & Payne Inc.’s next ex-dividend date will be on 22-Nov-2021. HP is expected to distribute $0.25 as its next dividend.
Helmerich & Payne Inc.’s quick ratio for the period ended June 29 was 3.40, with the current ratio over the same period at 3.70 meaning that HP stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.16, while the total debt to equity was 0.16. In terms of profitability, the gross margin trailing 12 months is 21.50%. The trailing 12-month EBITDA margin is 22.72% while for the period ending June 29; Helmerich & Payne Inc.’s operating margin was -39.20%. The firm’s gross profit as reported stood at $583.36 million against revenue of $1.77 billion.
For the quarterly period ending June 29 this year, Helmerich & Payne Inc.’s cash and short-term investments amounted to $187.26 million against total debt of $497.4 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected HP to announce -$0.57 per share in earnings in its latest quarter, but it posted -$0.57, representing a 0.00% surprise. EBITDA for the quarter stood at more than $27.2 million. HP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.49 billion, with total debt at $497.4 million. Shareholders hold equity totaling $107.9 million
Let’s look briefly at Helmerich & Payne Inc. (HP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 71.83% to suggest the stock is trending Overbought, with historical volatility in this time period at 38.72%.
The stock’s 5-day moving average is $30.77, reflecting a +2.15% or $0.65 change from its current price. HP is currently trading +11.79% above its 20-day SMA, +7.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +7.50% and +25.74% respectively.
Stochastic %K and %D was 86.15% and 87.37% and the average true range (ATR) pointed at 1.21. The RSI (14) points at 66.62%, while the 14-day stochastic is at 83.49% with the period’s ATR at 1.21. The stock’s 9-day MACD Oscillator is pointing at 0.97 and 1.96 on the 14-day charts.
Analysts offering their rating for HP stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate HP as a “sell,”, while 10 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 7 have offered a “buy” rating.
What is HP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $15.00 and a high of $42.00, with their median price target at $30.00. Looking at these predictions, the average price target given by analysts is for Helmerich & Payne Inc. (HP) stock is $30.12.