In the last trading session, 3.34 million Helmerich & Payne, Inc (NYSE:HP) shares changed hands as the company’s beta touched 0.80. With the company’s per share price at $15.92 changed hands at $0.76 or 5.01% during last session, the market valuation stood at $1.58B. HP’s last price was a discount, traded about -166.27% off its 52-week high of $42.39. The share price had its 52-week low at $14.65, which suggests the last value was 7.98% up since then. When we look at Helmerich & Payne, Inc’s average trading volume, we note the 10-day average is 2.39 million shares, with the 3-month average coming to 2.21 million.
Analysts gave the Helmerich & Payne, Inc (HP) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.89. If we narrow down to specifics, the data shows that 2 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended HP as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight.
Helmerich & Payne, Inc (NYSE:HP) trade information
Instantly HP was in green as seen at the end of in last trading. With action -0.13%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -55.05%, with the 5-day performance at -0.13% in the red. However, in the 30-day time frame, Helmerich & Payne, Inc (NYSE:HP) is 4.39% up. Looking at the short shares, we see there were 8.16 million shares sold at short interest cover period of 3.2 days.
The consensus price target for the stock as assigned by Wall Street analysts is 50, meaning bulls need an upside of 68.16% from its current market value. According to analyst projections, HP’s forecast low is 29 with 72 as the target high. To hit the forecast high, the stock’s price needs a -352.26% plunge from its current level, while the stock would need to soar -82.16% for it to hit the projected low.
The 2025 estimates are for Helmerich & Payne, Inc earnings to decrease by -66.27%.
HP Dividends
Helmerich & Payne, Inc is expected to release its next quarterly earnings report on 2025-May-07. The 4.71% annual yield figure for the share gives it an annual dividend of 0.75. It is important to note, however, that the 4.71% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 5.16 per year.
Helmerich & Payne, Inc (NYSE:HP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.75% of Helmerich & Payne, Inc shares while 102.94% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 106.95%. There are 102.94% institutions holding the Helmerich & Payne, Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 16.0929% of the shares, roughly 15.89 million HP shares worth $574.34 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 11.4143% or 11.27 million shares worth $407.37 million as of 2024-06-30.
