Large Outflow of Money Witnessed in Helmerich & Payne, Inc.

Shares of Helmerich & Payne, Inc. (HP) advanced to $71.55. The price had gained 0.54% or 0.39 points intraday. The latest trading session witnessed $0.79 million in upticks and $1.99 million in downticks, resulting in net money flow of (-1.2) million. The up/down ratio for the day stood at 0.4. On a weekly scale, the price has seen a change of -1.56%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-1.49) million occurred during the day. $0 million in uptick and $1.49 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Helmerich & Payne, Inc. has lost 12.34% in the last five trading days and dropped 8.14% in the last 4 weeks. Helmerich & Payne, Inc. is up 13.94% in the last 3-month period. Year-to-Date the stock performance stands at -8.14%. Helmerich & Payne, Inc. (NYSE:HP) witnessed a decline in the market cap on Wednesday as its shares dropped 0.08% or 0.06 points. After the session commenced at $71.45, the stock reached the higher end at $72.25 while it hit a low of $69.41. With the volume soaring to 2,703,097 shares, the last trade was called at $71.1. The company has a 52-week high of $85.78. The company has a market cap of $7,722 million and there are 108,614,238 shares in outstanding. The 52-week low of the share price is $44.3.

Company has reported several Insider transactions to the SEC, on Dec 14, 2016, John W Lindsay (President & CEO) sold 25,000 shares at 83.36 per share price.On Dec 12, 2016, Juan Pablo Tardio (VP & CFO) sold 36,000 shares at 81.31 per share price.On Dec 9, 2016, Robert L. Stauder (Sr. VP, drilling subsidiary) sold 44,501 shares at 81.24 per share price.

Helmerich & Payne Last issued its quarterly earnings results on Jan 26, 2017. The company reported $-0.33 EPS for the quarter. Analyst had a consensus estimate of $-0.33. The company had revenue of $368.59 million for the quarter, compared to analysts expectations of $332.26 million. The companys revenue was down -24.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Helmerich & Payne was Upgraded by Argus to Buy on Jan 9, 2017. Company shares were Downgraded by RBC Capital Mkts on Dec 16, 2016 to Sector Perform, Raises Price Target to $ 94 from a previous price target of $83 .Helmerich & Payne was Downgraded by BofA/Merrill to Neutral on Dec 8, 2016. Helmerich & Payne was Initiated by Bernstein to Mkt Perform on Dec 2, 2016. Company shares were Downgraded by Seaport Global Securities on Dec 1, 2016 to Neutral, Raises Price Target to $ 77 from a previous price target of $69 .

Helmerich & Payne, Inc. is primarily engaged in the exploration, production, and sale of crude oil and natural gas and in contract drilling of oil and gas wells for others. These activities account for the major portion of its operating revenues. The company is also engaged in the ownership, development, and operation of commercial real estate.


Share this post

Leave a Reply