Helmerich & Payne, Inc (NYSE:HP) currently has a daily average trading volume of 1.50M but it saw 2097720 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 -6.22 while comparing to the previous closing price of $32.64. In past 52 weeks, the stock remained buoying in the range of price level as high as $43.70 and as low as $29.46. In the recent trading on the day, stock has struck highest price mark of $30.255 while lowest mark touched by it was $32.9.
Taking a look at 20-day trading activity of Helmerich & Payne, Inc (HP) gives us an average price of $34.15, while its current price level is -29.95% 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 $34.48 while that of 200 days or SMA-200 reads an average of $36.24. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.10% during that period while stretching the period over a month that decreases to 3.64%. 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 31.02 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 -11.15% down while it is -9.01% 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 -16.53%.
Currently, Helmerich & Payne, Inc’s total number of outstanding shares is 98.76M. Company’s return on investment (ROI) stands at 7.13% and return on equity (ROE) at 11.93%. It has a price to earnings ratio (P/E ratio) of 8.94 while having a 8.45 of forward P/E ratio. Stock’s beta reads 1.37. Stock has a price to book (P/B) ratio of 1.04 while price to sale or P/S ratio amounts to 1.10. Its return on asset (ROA) is 6.59% on average.
