Helmerich & Payne, Inc. (NYSE:HP) currently has a daily average trading volume of 1.67M but it saw 1494504 shares traded in last market. With a market cap of 3.30B USD, the company’s current market price of $33.43 came rising about 3.69 while comparing to the previous closing price of $32.24. In past 52 weeks, the stock remained buoying in the range of price level as high as $43.98 and as low as $29.46. In the recent trading on the day, stock has struck highest price mark of $31.91 while lowest mark touched by it was $33.54.
Taking a look at 20-day trading activity of Helmerich & Payne, Inc. (HP) gives us an average price of $31.31, while its current price level is -23.99% below from 52-week high level whereas it is 13.48% 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 $33.40 while that of 200 days or SMA-200 reads an average of $36.85. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.09% during that period while stretching the period over a month that decreases to 3.86%. 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 57.32 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 12.75% up while it is 7.98% when we observe its performance for the past one month. Year-to-date it is -6.42% down and over the past year, the stock is showing a downside performance of -16.64%.
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 9.73 while having a 9.23 of forward P/E ratio. Stock’s beta reads 1.40. Stock has a price to book (P/B) ratio of 1.16 while price to sale or P/S ratio amounts to 1.21. Its return on asset (ROA) is 7.74% on average.
