Helmerich & Payne, Inc. (NYSE: HP) has seen a decline in its stock price by -2.85 in relation to its previous close of 39.33. However, the company has experienced a -9.95% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-26 that Helmerich & Payne (HP) expects a $500 million capital outlay in 2024, with depreciation and amortization expenses of $405 million, and research and development expenses of $37 million.
Is It Worth Investing in Helmerich & Payne, Inc. (NYSE: HP) Right Now?
The price-to-earnings ratio for Helmerich & Payne, Inc. (NYSE: HP) is 10.98x, which is above its average ratio. Moreover, the 36-month beta value for HP is 1.51. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 15 as “hold,” and 8 as “sell.”
The public float for HP is 95.11M and currently, short sellers hold a 12.15% of that float. On May 02, 2024, HP’s average trading volume was 1.26M shares.
HP’s Market Performance
HP’s stock has seen a -9.95% decrease for the week, with a -10.45% drop in the past month and a -4.67% fall in the past quarter. The volatility ratio for the week is 3.65%, and the volatility levels for the past 30 days are at 3.06% for Helmerich & Payne, Inc. The simple moving average for the last 20 days is -8.76% for HP stock, with a simple moving average of -3.52% for the last 200 days.
Analysts’ Opinion of HP
Barclays, on the other hand, stated in their research note that they expect to see HP reach a price target of $40, previously predicting the price at $44. The rating they have provided for HP stocks is “Equal Weight” according to the report published on January 10th, 2024.
Piper Sandler gave a rating of “Neutral” to HP, setting the target price at $41 in the report published on January 08th of the current year.
HP Trading at -6.17% from the 50-Day Moving Average
After a stumble in the market that brought HP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.17% of loss for the given period.
Volatility was left at 3.06%, however, over the last 30 days, the volatility rate increased by 3.65%, as shares sank -11.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.75% lower at present.
During the last 5 trading sessions, HP fell by -9.95%, which changed the moving average for the period of 200-days by -0.13% in comparison to the 20-day moving average, which settled at $41.62. In addition, Helmerich & Payne, Inc. saw 5.97% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HP starting from Smith Mark W., who sale 16,000 shares at the price of $40.49 back on Apr 29 ’24. After this action, Smith Mark W. now owns 144,870 shares of Helmerich & Payne, Inc., valued at $647,840 using the latest closing price.
Hair Cara M., the SVP, CORP. SERVICES & CLO of Helmerich & Payne, Inc., sale 9,910 shares at $40.22 during a trade that took place back on Apr 29 ’24, which means that Hair Cara M. is holding 137,764 shares at $398,580 based on the most recent closing price.
Stock Fundamentals for HP
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.26 for the gross margin
The net margin for Helmerich & Payne, Inc. stands at 0.13. The total capital return value is set at 0.12. Equity return is now at value 12.52, with 7.92 for asset returns.
Based on Helmerich & Payne, Inc. (HP), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 1.51. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is 27.25.
Currently, EBITDA for the company is 953.62 million with net debt to EBITDA at 0.32. When we switch over and look at the enterprise to sales, we see a ratio of 1.48. The receivables turnover for the company is 6.37for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.16.
Conclusion
To wrap up, the performance of Helmerich & Payne, Inc. (HP) has been mixed in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
