Helmerich & Payne, Inc. (NYSE:HP) shares, rose in value on Thursday, April 25, with the stock price down by -5.16% to the previous day’s close as strong demand from buyers drove the stock to $40.24.
Actively observing the price movement in the recent trading, the stock is buoying the session at $42.43. The PE ratio was 11.57 over 12-month period. Referring to stock’s 52-week performance, its high was $46.13, and the low was $29.73. On the whole, HP has fluctuated by -2.68% over the past month.
The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 2.49%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.75B, with a low estimate of 663M and a high estimate of 724M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 691.04M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HP’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HP currently trading nearly -4.85% and -0.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.29, while the 7-day volatility ratio is showing 3.29% which for the 30-day chart, stands at 2.73%. Furthermore, Helmerich & Payne, Inc. (HP)’s beta value is 1.49, and its average true range (ATR) is 1.35.
A comparison of Helmerich & Payne, Inc. (HP) with its peers suggests the former has fared considerably weaker in the market. HP showed an intraday change of -5.16% in today’s session so far, and over the past year, it grew by 18.46%%.
Data on historical trading for Helmerich & Payne, Inc. (NYSE:HP) indicates that the trading volumes over the past 3 months, they’ve averaged 1.35 million. According to company’s latest data on outstanding shares, there are 99.43 million shares outstanding.
Nearly 3.67% of Helmerich & Payne, Inc.’s shares belong to company insiders and institutional investors own 107.68% of the company’s shares. The stock has risen by 11.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HP stock heading into the next quarter.
