Helmerich & Payne Inc. (NYSE:HP) finished Friday with a subtraction of -$0.07 to close at $49.57, a downside of -0.14 percent. An average of 566,080 shares of common stock have been traded in the last five days. There was a gain of $2.96 in the past week, and it reached a new high 37 times over the past 12 months. The last 20 days have seen an average of 1,001,770 shares traded, while the 50-day average volume stands at 1,054,116.
HP stock has decreased by -2.96% in the last month. The company shares reached their 1-month lowest point of $44.56 on 12/09/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $23.46 and a high of $54.45 in 52 weeks. It has reached a new high 36 times so far this year and achieved 110.10% or $25.87 in price. In spite of this, the price is down -8.96% from the 52-week high.
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HP stock investors should be aware that Helmerich & Payne Inc. (HP) stock had its last reported insider trading activity 30 days ago on Dec 01. In this transaction, the insider spent $525,240. PRESIDENT AND CEO, LINDSAY JOHN W, disposed of 12,000 shares at a price of $52.51 on Nov 07. The insider now owns more than $630,120 worth of shares. Prior to that, SVP, INT’L & OFFSHORE OPS, SUB Bell John R. went on to Sale 4,314 shares at $50.00 each on Oct 26. An amount of $215,700 was transacted.
Helmerich & Payne Inc. (HP) has a trailing price-to-earnings (P/E) ratio of 1054.68. The stock’s beta is 1.72. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.41, the price-to-book (PB) ratio at 1.89.
The company’s most recent quarterly dividend payment was $0.4850 a share, representing a up of 94.0% from $0.25 last year. Its latest increase dividend $0.2350 reported on Friday December 9 2022.
The quick ratio of Helmerich & Payne Inc. for the three months ended September 29 was 2.30, and the current ratio was 2.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.20 and a total debt to equity ratio of 0.20 for the quarter ending September 29. Its gross profit as reported stood at $627.72 million compared to revenue of $2.06 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Helmerich & Payne Inc.’s return on assets was 0.10%.
For the three-month period that ended September 29, Helmerich & Payne Inc. had $117.1 million in cash and short-term investments compared to $542.61 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $45.54 million in the quarter, while revenues of $17.75 million were grew 273.83%. The analyst consensus anticipated Helmerich & Payne Inc.’s latest quarter earnings to come in at $0.45 per share, but it turned out to be $0.45, a 0.00% surprise. For the quarter, EBITDA amounted to $176.17 million. Shareholders own equity worth $105.39 million.
From a technical analysis perspective, let’s take a brief look at Helmerich & Payne Inc. (HP) price momentum. RSI 9-day as of the close on 30 December was 56.47%, suggesting the stock is Neutral, with historical volatility in this time frame at 45.30%.
As of today, HP’s price is $48.94 +6.35% or $2.96 from its 5-day moving average. HP is currently trading -0.34% lower than its 20-day SMA and +19.65% higher than its 100-day SMA. However, the stock’s current price level is +15.52% above the SMA50 and +28.42% above the SMA200.
The stochastic %K and %D were 79.34% and 76.11%, respectively, and the average true range (ATR) was 2.03. With the 14-day stochastic at 91.42% and the average true range at 2.16, the RSI (14) stands at 53.80%. The stock has reached 0.60 on the 9-day MACD Oscillator while the 14-day reading was at 0.81.
The consensus rating for Helmerich & Payne Inc. (HP) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell HP, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 8 others rate it as a “buy”.
What is HP’s price target for the next 12 months?
Analysts predict a range of price targets between $44.00 and $71.00, with a median target of $62.00. Taking a look at these predictions, the average price target given by analysts for Helmerich & Payne Inc. (HP) stock is $60.80.