12.2 C
New York
Monday, June 5, 2023

What Are The Chances Of Helmerich & Payne Inc. (NYSE: HP) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Helmerich & Payne Inc. (HP) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $33.41. The Helmerich & Payne Inc. has recorded 29,636 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Helmerich & Payne, Inc. To Participate in Conferences in May 2023.

Unlock the Hottest Top 10 Penny Stocks Today! Discover Now

Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.

Gain Access to Top 10 Penny Stocks Now!.


Stocks Info

As a NYSE listed company, HP falls under the Energy sector while operating within the Oil & Gas Drilling industry segment. At the end of the last regular session, the stock closed at $33.41 and fluctuated between $33.63 as its day high and $32.65 as its day low. The current market capitalization of Helmerich & Payne Inc. is $3.45B. A total of 2.02 million shares were traded on the day, compared to an average of 1.62M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, HP has seen 5 BUY and 0 SELL insider trades, representing the acquisition of 20,985 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 41 SELLs from insiders. Insiders purchased 461,765 shares during that period but sold 189,113.

In the most recent transaction, HELMERICH HANS sold 10,500 shares of HP for 50.02 per share on Dec 01. After the transaction, the Director now owns 24,470 company shares. In a previous transaction on Nov 07, LINDSAY JOHN W sold 12,000 shares at 52.51 per share. HP shares that PRESIDENT AND CEO owns now total 412,778.

Among the insiders who sold shares, Bell John R. disposed of 4,314 shares on Oct 26 at a per-share price of $50.00. This resulted in the SVP, INT’L & OFFSHORE OPS, SUB holding 117,395 shares of HP after the transaction. In another insider transaction, Adams Raymond John III sold 1,500 shares at $47.50 per share on Sep 14. Company shares held by the SVP SALES, MARKETING & DIGITAL now total 52,935.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Helmerich & Payne Inc. pays an annual dividend of $1.00, resulting in a dividend yield of 2.99%, and it has a price to earnings (P/E) ratio of 11.02. HP’s most recent ex-dividend date was 5/17/2023 when it declared a $0.4850 quarterly dividend that was paid in cash on 6/1/2023. Previously, the company paid the dividend on 2/28/2023 with an ex-dividend date of 2/13/2023. The HP stock dividend was $0.4850 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for HP in the last 3 months, the mean price target is $48.31 with high estimates of $65.00 and low estimates of $33.00. In terms of 52-week highs and lows, HP has a high of $53.76 and a low of $30.17.

As of this writing, HP has an earnings estimate of $0.91 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.02 per share and a lower estimate of $0.8. The company reported an EPS of $1.11 in the last quarter, which was 37.00% higher than expectations of $0.81.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. HP’s latest balance sheet shows that the firm has $1.12B in Cash & Short Term Investments as of fiscal 2021. There were $1.03B in debt and $866.31M in liabilities at the time. Its Book Value Per Share was $26.51, while its Total Shareholder’s Equity was $2.91B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HP is Buy with a score of 3.75.

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles