Helmerich & Payne Inc. [NYSE: HP] gained 3.20% on the last trading session, reaching $17.42 price per share at the time. The company report on July 28, 2020 that Helmerich & Payne, Inc. Announces Third Quarter Results.
Helmerich & Payne, Inc. (NYSE: HP) reported a net loss of $46 million or $(0.43) per diluted share from operating revenues of $317 million for the quarter ended June 30, 2020, compared to a net loss of $421 million, or $(3.88) per diluted share, on revenues of $634 million for the quarter ended March 31, 2020. The net losses per diluted share for the third and second quarters of fiscal year 2020 include $(0.09) and $(3.96), respectively, of after-tax losses comprised of select items(1). For the third quarter of fiscal year 2020, select items(1) were comprised of:.
Helmerich & Payne Inc. represents 107.44 million in outstanding shares, while the company has a total market value of $1.93 billion with the latest information. HP stock price has been found in the range of $16.351 to $17.55.
If compared to the average trading volume of 2.21M shares, HP reached a trading volume of 1747453 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Helmerich & Payne Inc. [HP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HP shares is $19.21 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HP stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
B. Riley FBR have made an estimate for Helmerich & Payne Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on August 24, 2020. While these analysts kept the previous recommendation, Cowen raised their target price from $12 to $8. The new note on the price target was released on August 04, 2020, representing the official price target for Helmerich & Payne Inc. stock. Previously, the target price had yet another drop from $14 to $13, while Barclays kept a Underweight rating on HP stock.
The Average True Range (ATR) for Helmerich & Payne Inc. is set at 0.98, with the Price to Sales ratio for HP stock in the period of the last 12 months amounting to 0.87. The Price to Book ratio for the last quarter was 0.55, with the Price to Cash per share for the same quarter was set at 4.45. Price to Free Cash Flow for HP in the course of the last twelve months was 12.41 with Quick ratio for the last quarter at 3.60.
Trading performance analysis for HP stock
Helmerich & Payne Inc. [HP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.19. With this latest performance, HP shares dropped by -13.07% in over the last four-week period, additionally sinking by -56.10% over the last 6 months – not to mention a drop of -53.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HP stock in for the last two-week period is set at 41.51, with the RSI for the last a single of trading hit 39.41, and the three-weeks RSI is set at 43.75 for Helmerich & Payne Inc. [HP]. The present Moving Average for the last 50 days of trading for this stock 19.19, while it was recorded at 17.58 for the last single week of trading, and 28.23 for the last 200 days.
Helmerich & Payne Inc. [HP]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Helmerich & Payne Inc. [HP] shares currently have an operating margin of +7.79 and a Gross Margin at +15.72. Helmerich & Payne Inc.’s Net Margin is presently recorded at -1.27.
Return on Total Capital for HP is now 4.66, given the latest momentum, and Return on Invested Capital for the company is -0.76. Return on Equity for this stock declined to -0.85, with Return on Assets sitting at -0.58. When it comes to the capital structure of this company, Helmerich & Payne Inc. [HP] has a Total Debt to Total Equity ratio set at 11.95. Additionally, HP Total Debt to Total Capital is recorded at 10.67, with Total Debt to Total Assets ending up at 8.10. Long-Term Debt to Equity for the company is recorded at 11.95, with the Long-Term Debt to Total Capital now at 10.67.
Reflecting on the efficiency of the workforce at the company, Helmerich & Payne Inc. [HP] managed to generate an average of -$4,585 per employee. Receivables Turnover for the company is 5.27 with a Total Asset Turnover recorded at a value of 0.46.Helmerich & Payne Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.60 and a Current Ratio set at 4.10.
Helmerich & Payne Inc. [HP]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Helmerich & Payne Inc. posted 0.38/share EPS, while the average EPS was predicted by analysts to be reported at 0.23/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 65.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Helmerich & Payne Inc. go to -7.76%.
An analysis of insider ownership at Helmerich & Payne Inc. [HP]
There are presently around $1,636 million, or 90.00% of HP stock, in the hands of institutional investors. The top three institutional holders of HP stocks are: BLACKROCK INC. with ownership of 15,276,353, which is approximately 66.828% of the company’s market cap and around 1.00% of the total institutional ownership; VANGUARD GROUP INC, holding 11,224,425 shares of the stock with an approximate value of $195.53 million in HP stocks shares; and STATE FARM MUTUAL AUTOMOBILE INSURANCE CO, currently with $143.84 million in HP stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Helmerich & Payne Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 193 institutional holders increased their position in Helmerich & Payne Inc. [NYSE:HP] by around 24,985,695 shares. Additionally, 210 investors decreased positions by around 30,647,069 shares, while 33 investors held positions by with 38,255,634 shares. The mentioned changes placed institutional holdings at 93,888,398 shares, according to the latest SEC report filing. HP stock had 63 new institutional investments in for a total of 3,910,646 shares, while 83 institutional investors sold positions of 4,009,160 shares during the same period.