Helmerich & Payne, Inc. (NYSE: HP) has experienced a decline in its stock price by -5.36 compared to its previous closing price of 35.99. However, the company has seen a fall of -1.19% in its stock price over the last five trading days. zacks.com reported 2024-10-14 that Helmerich & Payne (HP) remains a dominant driller in the U.S. Permian Basin, a key region for oil production.
Is It Worth Investing in Helmerich & Payne, Inc. (NYSE: HP) Right Now?
The price-to-earnings ratio for Helmerich & Payne, Inc. (NYSE: HP) is above average at 9.91x. The 36-month beta value for HP is also noteworthy at 1.42. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 15 rating it as “hold,” and 8 rating it as “sell.”
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The public float for HP is 95.16M, and at present, short sellers hold a 15.28% of that float. The average trading volume of HP on October 16, 2024 was 1.73M shares.
HP’s Market Performance
HP stock saw an increase of -1.19% in the past week, with a monthly gain of 10.26% and a quarterly increase of -16.86%. The volatility ratio for the week is 3.40%, and the volatility levels for the last 30 days are 3.70% for Helmerich & Payne, Inc. (HP). The simple moving average for the last 20 days is 3.07% for HP’s stock, with a simple moving average of -6.74% 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 3.86% 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 -22.56% of loss for the given period.
Volatility was left at 3.70%, however, over the last 30 days, the volatility rate increased by 3.40%, as shares surge +6.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.96% lower at present.
During the last 5 trading sessions, HP fell by -1.19%, which changed the moving average for the period of 200-days by -6.33% in comparison to the 20-day moving average, which settled at $33.04. In addition, Helmerich & Payne, Inc. saw -4.66% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HP starting from Vann J Kevin, who purchase 3,300 shares at the price of $30.19 back on Sep 27 ’24. After this action, Vann J Kevin now owns 3,300 shares of Helmerich & Payne, Inc., valued at $99,627 using the latest closing price.
Smith Mark W., the SENIOR VP AND CFO of Helmerich & Payne, Inc., sale 16,000 shares at $40.49 during a trade that took place back on Apr 29 ’24, which means that Smith Mark W. is holding 144,870 shares at $647,840 based on the most recent closing price.
Stock Fundamentals for HP
Current profitability levels for the company are sitting at:
- 0.16 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 0.11. Equity return is now at value 12.28, with 7.74 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 1.34. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is 24.79.
Currently, EBITDA for the company is 953.62 million with net debt to EBITDA at 0.31. When we switch over and look at the enterprise to sales, we see a ratio of 1.33. The receivables turnover for the company is 6.55for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.12.
Conclusion
In summary, Helmerich & Payne, Inc. (HP) has had a bad performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” and others as a “hold”. 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.
