Momentum Is Strong For Helmerich & Payne, Inc. (NYSE: HP)

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Helmerich & Payne, Inc. is listed on the NYSE in the Energy sector while operating in the Oil & Gas Drilling industry. The current market capitalization of Helmerich & Payne, Inc. is $4.07B. A total of 0.81 million shares were traded on the day, compared to an average of 1.33M shares.

In the most recent transaction, Lennox Michael sold 2,324 shares of HP for 38.81 per share on Mar 01 ’24. After the transaction, the SVP, US LAND OPS, DRILLING SUB now owns 100,322 company shares. In a previous transaction on Feb 29 ’24, Lennox Michael sold 10,176 shares at 38.51 per share. HP shares that SVP, US LAND OPS, DRILLING SUB owns now total 102,646.

Among the insiders who sold shares, HELMERICH HANS disposed of 74,373 shares on Sep 27 ’23 at a per-share price of $43.65. This resulted in the Director holding 1,265,915 shares of HP after the transaction. In another insider transaction, Adams Raymond John III sold 2,500 shares at $45.00 per share on Sep 27 ’23. Company shares held by the SVP SALES, MARKETING & DIGITAL now total 69,025.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Helmerich & Payne, Inc. pays an annual dividend of $1.00, resulting in a dividend yield of 2.43%, and it has a price to earnings (P/E) ratio of 9.84. HP’s most recent ex-dividend date was 5/16/2024 when it declared a $0.42 quarterly dividend that was paid in cash on 5/31/2024. Previously, the company paid the dividend on 2/27/2024 with an ex-dividend date of 2/12/2024. The HP stock dividend was $0.42 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, HP has a high of $46.13 and a low of $29.73.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on 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 $1.08B 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

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. 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.

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