Healthy Upside Potential: Helmerich & Payne, Inc. (HP)

With 1.19 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.13 million shares. During the session, the Oil & Gas Drilling company that operates in wider Energy sector, reached to the highest price of $39.18 whereas the lowest price it dropped to was $37.86. The 52-week range on HP shows that it touched its highest point at $46.13 and its lowest point at $30.03 during that stretch. It currently has a 1-year price target of $45.25. With its current market cap of 3.80 billion, HP has annualized dividend of $1.00 while the current yield stands at 2.60%. HP paid its most recent dividend on 1707696000, while the ex-dividend date for that was 1715817600. Beta for the stock currently stands at 1.47.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HP was up-trending over the past week, with a rise of 0.16%, but this was down by -6.55% over a month. Three-month performance surged to 4.25% while six-month performance rose 2.11%. The stock gained 24.05% in the past year, while it has gained 6.77% so far this year. A look at the trailing 12-month EPS for HP yields 3.48 with Next year EPS estimates of 3.66. For the next quarter, that number is 0.99. This implies an EPS growth rate of -17.59% for this year and 6.88% for next year.

Float and Shares Shorts:

At present, 99.43 million HP shares are outstanding with a float of 95.14 million shares on hand for trading. On 2024-04-30, short shares totaled 10.42 million, which was 1055.0000499999999 higher than short shares on 1711584000. In addition to Mr. John W. Lindsay as the firm’s President, CEO & Director, Mr. Mark W. Smith CPA serves as its Senior VP & CFO.

Institutional Ownership:

Through their ownership of 1.0892401 of HP’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, HP reported revenue of $687943000.0 and operating income of $105542000.0. The EBITDA in the recently reported quarter was $217018000.0 and diluted EPS was $0.84.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.