Helmerich & Payne, Inc (NYSE:HP) shares, rose in value on Friday, January 03, with the stock price up by 0.03% to the previous day’s close as strong demand from buyers drove the stock to $33.13.
Actively observing the price movement in the last trading, the stock closed the session at $33.12, falling within a range of $32.65 and $33.41. The PE ratio was 9.68 over 12-month period. Referring to stock’s 52-week performance, its high was $43.70, and the low was $29.46. On the whole, HP has fluctuated by -6.01% over the past month.
With the market capitalization of Helmerich & Payne, Inc currently standing at about $3.27 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 3.02%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HP’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of HP currently trading nearly 2.35% and -1.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.42, while the 7-day volatility ratio is showing 3.14% which for the 30-day chart, stands at 3.48%. Furthermore, Helmerich & Payne, Inc (HP)’s beta value is 1.37, and its average true range (ATR) is 1.17.
A comparison of Helmerich & Payne, Inc (HP) with its peers suggests the former has fared considerably weaker in the market. HP showed an intraday change of 0.03% in last session, and over the past year, it shrunk by -7.89%%.
Data on historical trading for Helmerich & Payne, Inc (NYSE:HP) indicates that the trading volumes over the past 10 days have averaged 1.52 and over the past 3 months, they’ve averaged 1.41 million. According to company’s latest data on outstanding shares, there are 98.76 million shares outstanding.
Nearly 3.78% of Helmerich & Payne, Inc’s shares belong to company insiders and institutional investors own 108.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.94 million shares as on 2024-12-13, resulting in a short ratio of 8.46. According to the data, the short interest in Helmerich & Payne, Inc (HP) stood at 1808.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 12.72 million. The stock has risen by 3.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HP stock heading into the next quarter.
