On November 29, 2019, Helmerich & Payne, Inc. (NYSE:HP) shares lost -2.3% or -0.93 points to close at $39.53 with a thin trading volume of 1.491 million shares. It opened the trading session at $39.91, the shares rose to $40.06 and dropped to $38.5041, the range by which the price of stock traded the whole day. The company now has a market cap of $4.23 billion and currently has 107.05 million outstanding shares. Helmerich & Payne, Inc. (HP) stock has accumulated 3.75 percent of market value in 21 trading days.
HP stock’s trailing 3-year beta is 1.65, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was -$0.32 share in the trailing 52 weeks. The stock’s value fallen -17.54 percent year to date (YTD) compared to a decline of -34.9 percent in 52 week’s period. The firm’s shares are still trading -39 percent below its 1-year high of $64.80 and 10.59 percent up from 52-week low of $35.74. The average consensus ranking on the company is 2.5, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.
Helmerich & Payne, Inc. (HP) is most likely going to rise 19.02 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $65-month high price target. This represents a whopping 64.43 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $45, which means a return possibility of 13.84 percent in comparison with the closing price of the stock of $39.53 on November 29. The lowest price set for the stock is $30 — just above -24.11 percent from HP share price now.
Past records have indicated that shares in Helmerich & Payne, Inc. declined on 22 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of HP’s Q1 earnings on January 30. Analysts are predicting revenue to suffer decline of -18.5 percent to $603M in the financial first quarter, while EPS will soar by about -80.95 percent to $0.08 per share. In the last quarter, it earnings of $0.39 per share came better than the $0.24524, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $649.05M, missing the $650.85M analysts had expected. Earnings are seen to rise by -165.6 percent this year, 45.25 percent in the coming year.
Let’s take a glimpse at some insider activity at Helmerich & Payne, Inc. (NYSE:HP) and observe the pattern. The earliest insider trade happened on 11/20/2019. LINDSAY JOHN W parted with a total of 45 thousand shares of the firm at average share price of $38.61. The total amount for the sale was set at $1.74 million. On completing this exchange, the President and CEO account balance was 282.6 thousand shares. The stock grew 2.38 percent from that insider sale. On 12/11/2018, Lennox Michael, VP, Drilling Subsidiary, did a sale of 6.91 thousand shares at a price of $60.08 per share. This got rid of 415.27 thousand shares from the insider’s fortune and the stock experienced a -34.2 percent retreat in price since the news became public. This exchange saw 8.96 thousand shares get out from the VP, Drilling Subsidiary account.
On 11/26/2018, VP, Drilling Subsidiary Bell John R. recorded a sale transaction valued at $782.21 thousand. The sale at $60.17 a share has eliminated 13 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed -34.3 percent decrease since the transaction reporting date. The company insider is left with 52.75 thousand shares remaining in the account. LINDSAY JOHN W, who works as President & CEO at the company, performed a sale of 30 thousand shares in a transaction worth $2.1 million. The disposal recorded on 10/01/2018 was priced at $70 per share. The stock price plunged -43.53 percent since the transaction. LINDSAY JOHN W currently holds a stake of 192.11 thousand in HP stock which is worth $7.59 million after the insider selling.
The stock is lingering around the initial support level of $38.67. After this, the following support is at the zone of $37.81. Up until the time the HP stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 50.5 on the daily chart, and this may be a cause for concern. In case the price goes below $37.81 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $40.23 level may cause a pull-back move approaching $40.92 mark.
Helmerich & Payne, Inc. has a 35.5% gross profit margin, with its operating margin around 0.7%. Alongside this, the company’s net profit margin currently stands at -1.3%.