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Friday, September 29, 2023

Value Investing Philosophy And Helmerich & Payne Inc. (NYSE: HP)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Helmerich & Payne Inc. (HP) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $45.46. The Helmerich & Payne Inc. has recorded 1,220,829 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that EIC Rose Rock Adds Helmerich & Payne to Corporate Investor Roster.

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Stocks Info

HP belongs to the Energy sector of the NYSE while operating in the Oil & Gas Drilling industry. At the end of the last regular session, the stock closed at $45.46 and fluctuated between $46.26 as its day high and $44.94 as its day low. The current market capitalization of Helmerich & Payne Inc. is $4.57B. A total of 5.46 million shares were traded on the day, compared to an average of 1.33M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, HP has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 3,394 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 38 SELLs from insiders. Insiders purchased 470,247 shares during that period but sold 171,613.

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.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Helmerich & Payne Inc. pays an annual dividend of $1.00, resulting in a dividend yield of 2.20%, and it has a price to earnings (P/E) ratio of 11.97. HP’s most recent ex-dividend date was 11/17/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 12/4/2023. Previously, the company paid the dividend on 8/31/2023 with an ex-dividend date of 8/16/2023. The HP stock dividend was $0.4850 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for HP in the last 3 months, the mean price target is $46.83 with high estimates of $56.00 and low estimates of $37.00. In terms of 52-week highs and lows, HP has a high of $53.45 and a low of $30.00.

As of this writing, HP has an earnings estimate of $0.75 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.97 per share and a lower estimate of $0.62. The company reported an EPS of $1.26 in the last quarter, which was 20.00% higher than expectations of $1.05.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $26.77, while its Total Shareholder’s Equity was $2.91B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 3.71.

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