With a forward dividend & yield of 1.00 and 6.47%, Helmerich & Payne Inc. [NYSE:HP] has active tape with a current price of $15.46 against an analyst price target of 18.97.
For the year, the stock is trading -65.97% and the five-day change stands at 14.69%. As a point of reference, the S&P 500 is trading 0.79% YTD.
Other data to note about the company today is the Recommendation Trend that is leaning toward Helmerich & Payne Inc. [HP] as Moderate Buy.
The Price is right
Holding a Market Cap of $1.60 billion, Helmerich & Payne Inc. has seen a trading range over the last year of $12.40-$47.33.
For the last five days, HP is up from its last closing price. The average shares trading hands each day is 1.87M.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for HP. When we apply the Elder Force Index to Helmerich & Payne Inc., we are seeing an Elder Force Indicator number of 1381524.55.
In the last quarter, HP made a profit of 110.62 million. Helmerich & Payne Inc. also saw quarter revenue growth year over year of 12.51%.
Looking at popular technical indicators, the company’s 5-day moving average is 14.61 compared to the 50-day moving average of 6.57%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. HP currently holds a 9-day RSI of 57.82%, while 100-day RSI stands at 44.69%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. HP’s 9-day MACD is 0.31 and the company’s 100-day MACD stands at -3.63.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 3.14% by insiders and 95.56% by institutions. Regarding institutional holdings, Blackrock Inc. owns 14.21%, while the second top holder, Vanguard Group, Inc. (The), currently owns 10.44%.
Over the last six months, insiders have bought 10,000 with the most recent transaction from Benson Todd Willard, President of H&P Technologies, with a purchase at price 20.21 per share.
Overall, the recommended rating for HP is Moderate Buy. Currently, the company has 21 analysts watching the stock, and the average quarterly earnings estimate is -0.8. Quarterly revenue estimates are averaging 203.47M with the high estimate reaching 236.9M and the low at 162.86M.
To review, the current 1-year target estimate is sitting at 18.97, while the current price 15.46. Based on this, we expect the stock to rise considering the aforementioned fundamentals.