Helmerich & Payne Inc. (NYSE: HP) on May 19, 2023, started off the session at the price of $33.10, plunging -0.70% from the previous trading day. During the day, the shares moved up to $33.10 and dropped to $32.00 before settling in for the closing price of $32.73. Within the past 52 weeks, HP’s price has moved between $30.17 and $53.76.
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A company in the Energy sector has jumped its sales by 2.70% annually for the last half of the decade. The company achieved an average annual earnings per share of 101.50%. With a float of $101.84 million, this company’s outstanding shares have now reached $103.97 million.
In an organization with 8000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +11.19, operating margin of +1.05, and the pretax margin is +1.50.
Helmerich & Payne Inc. (HP) Insider and Institutional Ownership
Observing investor behavior towards Oil & Gas Drilling industry stocks is more important than anything else. The insider ownership of Helmerich & Payne Inc. is 1.00%, while institutional ownership is 96.20%. The most recent insider transaction that took place on Dec 01, was worth 525,240. In this transaction Director of this company sold 10,500 shares at a rate of $50.02, taking the stock ownership to the 24,470 shares. Before that another transaction happened on Nov 07, when Company’s PRESIDENT AND CEO sold 12,000 for $52.51, making the entire transaction worth $630,120. This insider now owns 412,778 shares in total.
Helmerich & Payne Inc. (HP) Latest Financial update
As on 3/30/2023, Multinational firm has announced its last quarter scores, in which it reported $1.26 earnings per share (EPS) for the period topping the consensus outlook (set at $1.05) by $0.21. This company achieved a net margin of +0.24 while generating a return on equity of 0.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.89 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 101.50% per share during the next fiscal year.
Helmerich & Payne Inc. (NYSE: HP) Trading Performance Indicators
Helmerich & Payne Inc. (HP) is currently performing well based on its current performance indicators. A quick ratio of 2.20 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.26. Likewise, its price to free cash flow for the trailing twelve months is 58.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.03, a number that is poised to hit 0.91 in the next quarter and is forecasted to reach 4.11 in one year’s time.
Technical Analysis of Helmerich & Payne Inc. (HP)
Let’s dig in a bit further. During the last 5-days, its volume was 1.57 million. That was better than the volume of 1.51 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 64.93%. Additionally, its Average True Range was 1.33.
During the past 100 days, Helmerich & Payne Inc.’s (HP) raw stochastic average was set at 10.05%, which indicates a significant decrease from 66.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.04% in the past 14 days, which was lower than the 43.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $34.84, while its 200-day Moving Average is $42.86. However, in the short run, Helmerich & Payne Inc.’s stock first resistance to watch stands at $33.07. Second resistance stands at $33.63. The third major resistance level sits at $34.17. If the price goes on to break the first support level at $31.97, it is likely to go to the next support level at $31.43. The third support level lies at $30.87 if the price breaches the second support level.
Helmerich & Payne Inc. (NYSE: HP) Key Stats
Market capitalization of the company is 3.36 billion based on 102,585K outstanding shares. Right now, sales total 2,059 M and income totals 6,950 K. The company made 769,220 K in profit during its latest quarter, and 164,040 K in sales during its previous quarter.
