Helmerich & Payne Inc. (HP): Technical Analysis and analyst Ratings

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Helmerich & Payne Inc. (NYSE:HP) changes shares on Wednesday trading session, with a change of 3.83% or $0.71 shares. The trading starts at $19.01 and closed at $18.55 throughout the day. The trading session low price was $18.56 and day high was $19.63 on Wednesday, August 05. After the session, the Energy sector daily volume shifted to 1.59 million while its average volume is 2.96M. In other hand, the HP market cap reached to $2.10B. While, its current target price is $19.93.

On May 1, 2020, BRIEF-Helmerich And Payne Expects Q3 To Be Hit By Covid-19. According to the news reported on Reuters, * HELMERICH AND PAYNE EXPECTS Q3 TO BE HIT BY COVID-19 BUT ENCOURAGED ABOUT INTERNATIONAL PROSPECTS – CEO ON CONF CALL

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 4.33% and up 5.25% for month. Its quarterly performance was 20.68% above, while its half year performance is down -56.08%. HP yearly performance stood at negative -56.07% and fall -57.61% for year-to-date. Current recommendation for Helmerich & Payne Inc. is 2.40.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. HP EPS (TTM) for 12-month is -3.66. EPS for this year is -165.60%, while for the next year its value is -2.52. Its EPS Q/Q reached 69.60%. It has an EPS of -15.40% down for past five years and for the next five years will be down -7.76%.

Let’s take a look on the analyst recommendations on HP for the current month and previous month. For the current month, 9 of 25 analysts recommend stock as Buy while 3 as Sell, 4 as overweight, 0 as underweight and 9 as Hold. As compared with the previous month ratings, 25 analysts participate in stock recommendation. Out of 25, 2 rated it sell, 10 rated it as Buy and 9 as Hold Ratings. On the other hand, target price ranges from $8.00 – $27.00. Average target price for HP was reached at $19.12.

State Street Corporation, Vanguard Group, Inc. (The) and Blackrock Inc. are the top three holders in Helmerich & Payne Inc. (HP) stock. On Mar 30, 2020, State Street Corporation has 17.61 million shares which valued 275.54 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 12.23 million shares which valued at 191.47 million. On Mar 30, 2020, Blackrock Inc. has a total of 9.16 million shares which valued at 143.31 million. In the end, Blackrock Inc. have 8.52% shares outstanding of Helmerich & Payne Inc. (HP) on Mar 30, 2020. The insider ownership moved to 1.00% and institutional holding shifted to 86.20%.

The company posted an EPS (TTM) of -3.66. According to the most recent quarter report on (Sep 2020), 20 analysts estimated an average EPS of -0.76, while 0.38 EPS posted a year ago period. Analyst Estimated EPS for HP published in the report was -$0.98 – -$0.62 during the same period. Comparing with last year, the average estimated EPS was 0.38 which is higher than -0.34 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for HP fall -35.16% for period of 200 days. SMA for 50 days was -5.60% which is showing red signal, while SMA-20 was 2.28%. The moving average value for Helmerich & Payne Inc. (HP) is 24.17 and 19.37 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in HP stock. On Mar 09, Benson Todd Willard, President of H&P Technologies, bought 10,000 trading shares at the cost of $20.21, which valued at 0.2 million. On Nov 29, Bell John R., VP, Drilling Subsidiary, sold 9,000 shares at the cost of $38.67, with total shares of 72,426. On Nov 20, LINDSAY JOHN W, President and CEO, sold 45,000 shares at the cost of 38.61. After this transaction, LINDSAY JOHN W total shares reached to 273,441 which valued at 1.74 million.