Helmerich & Payne, Inc. (NYSE:HP) currently has a daily average trading volume of 1.53M but it saw 1815089 shares traded in last market. With a market cap of 3.02B USD, the company’s current market price of $30.61 came falling about -0.55 while comparing to the previous closing price of $30.78. In past 52 weeks, the stock remained buoying in the range of price level as high as $45.70 and as low as $29.46. In the recent trading on the day, stock has struck highest price mark of $30.235 while lowest mark touched by it was $31.13.
Taking a look at 20-day trading activity of Helmerich & Payne, Inc. (HP) gives us an average price of $32.34, while its current price level is -33.02% below from 52-week high level whereas it is 3.90% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $35.26 while that of 200 days or SMA-200 reads an average of $37.21. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.78% during that period while stretching the period over a month that decreases to 3.22%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.47 which implies that the stock is in neutral territory.
Barclays downgraded its recommendation for the stock as a “Equal Weight” from “Overweight” on January 10, 2024 while assigning a price target range of $44-$40. Piper Sandler also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $47 and $41.
Over the week, HP’s stock price is moving -0.16% down while it is -10.16% when we observe its performance for the past one month. Year-to-date it is -14.31% down and over the past year, the stock is showing a downside performance of -31.29%.
Currently, Helmerich & Payne, Inc.’s total number of outstanding shares is 99.43M. Company’s return on investment (ROI) stands at 10.04% and return on equity (ROE) at 12.28%. It has a price to earnings ratio (P/E ratio) of 8.91 while having a 8.28 of forward P/E ratio. Stock’s beta reads 1.42. Stock has a price to book (P/B) ratio of 1.06 while price to sale or P/S ratio amounts to 1.11. Its return on asset (ROA) is 7.74% on average.
