Helmerich & Payne, Inc (NYSE:HP) price on Friday, December 27, fall -0.42% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $30.76.
A look at the stock’s price movement, the close in the last trading session was $30.89, moving within a range at $30.45 and $31.29. The PE ratio in trailing twelve months stood at 8.99. Turning to its 52-week performance, $43.70 and $29.46 were the 52-week high and 52-week low respectively. Overall, HP moved -10.58% over the past month.
Helmerich & Payne, Inc’s market cap currently stands at around $3.04 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 1.00, with its dividend yield at 3.24%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 691.71M for the company’s revenue for the quarter, with a low and high estimate of 681M and 715M respectively. The average forecast suggests up to a 2.15% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.87B, representing a 40.55% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HP is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
15 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 6 recommend HP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HP’s current price about -6.48% and -9.35% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.48, while 7-day volatility ratio is 2.56% and 3.42% in the 30-day chart. Further, Helmerich & Payne, Inc (HP) has a beta value of 1.38, and an average true range (ATR) of 1.15. Analysts have given the company’s stock an average 52-week price target of $48.5, forecast between a low of $47 and high of $50. Looking at the price targets, the low is -52.8% off current price level while to achieve the yearly target high, price needs to move -62.55%. Nonetheless, investors will most likely welcome a -57.67% jump to $48.5 which is the analysts’ median price.
If we refocus on Helmerich & Payne, Inc (NYSE:HP), historical trading data shows that trading volumes averaged 1.73 over the past 10 days and 1.48 million over the past 3 months. The company’s latest data on shares outstanding shows there are 98.76 million shares.
The 3.78% of Helmerich & Payne, Inc’s shares are in the hands of company insiders while institutional holders own 108.08% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 12.07 million on 2024-11-29, giving us a short ratio of 8.66. The data shows that as of 2024-11-29 short interest in Helmerich & Payne, Inc (HP) stood at 1827.0001 of shares outstanding, with shares short rising to 11.79 million registered in 2024-10-31. Current price change has pushed the stock -13.89% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HP stock continues to rise going into the next quarter.
