After Hours
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. Yahoo Finance discussed the stock recently as it posted Helmerich & Payne, Inc. Announces Finalization of Contractual Terms with Saudi Aramco for Recent 7-rig Unconventional Gas Award.
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Stocks Info
This NYSE-listed company operates within the Oil & Gas Drilling industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $39.65 and fluctuated between $40.36 as its day high and $38.74 as its day low. The current market capitalization of Helmerich & Payne, Inc. is $3.92B. A total of 1.41 million shares were traded on the day, compared to an average of 1.48M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, HP has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 7 BUYs and 11 SELLs from insiders. Insiders purchased 30,675 shares during that period but sold 123,194.
In the most recent transaction, HELMERICH HANS sold 74,373 shares of HP for 43.65 per share on Sep 27. After the transaction, the Director now owns 1,265,915 company shares. In a previous transaction on Sep 27, Adams Raymond John III sold 2,500 shares at 45.00 per share. HP shares that SVP SALES, MARKETING & DIGITAL owns now total 69,025.
Among the insiders who sold shares, HELMERICH HANS disposed of 25,627 shares on Sep 26 at a per-share price of $42.46. This resulted in the Director holding 1,340,288 shares of HP after the transaction. In another insider transaction, Adams Raymond John III sold 6,000 shares at $42.48 per share on Sep 25. Company shares held by the SVP SALES, MARKETING & DIGITAL now total 71,525.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Helmerich & Payne, Inc. pays an annual dividend of $1.00, resulting in a dividend yield of 2.52%, and it has a price to earnings (P/E) ratio of 9.47. HP’s most recent ex-dividend date was 2/12/2024 when it declared a $0.42 quarterly dividend that was paid in cash on 2/27/2024. Previously, the company paid the dividend on 12/4/2023 with an ex-dividend date of 11/17/2023. The HP stock dividend was $0.25 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for HP in the last 3 months, the mean price target is $43.81 with high estimates of $53.00 and low estimates of $33.00. In terms of 52-week highs and lows, HP has a high of $46.13 and a low of $29.73.
As of this writing, HP has an earnings estimate of $0.79 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.98 per share and a lower estimate of $0.61. The company reported an EPS of $0.69 in the last quarter, which was -8.00% lower than expectations of $0.75.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. HP’s latest balance sheet shows that the firm has $1.12B in Cash & Short Term Investments as of fiscal 2021. There were $1.08B in debt and $866.31M in liabilities at the time. Its Book Value Per Share was $27.98, 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 3.00.
