Helmerich & Payne (NYSE:HP) has risen sharply, recording gains of 2.59% in the past 4 weeks. However, the stock has corrected -3.06% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.96% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 2.53% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $69.20 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $64.05 and the 200 Day Moving Average price is recorded at $57.58.
The stock has recorded a 20-day Moving Average of 0.99% and the 50-Day Moving Average is 6%.
Helmerich & Payne (NYSE:HP): stock turned positive on Friday. Though the stock opened at $66.2, the bulls momentum made the stock top out at $66.98 level for the day. The stock recorded a low of $65.44 and closed the trading day at $66.45, in the green by 1.95%. The total traded volume for the day was 1,040,681. The stock had closed at $65.18 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President & CEO) of Helmerich & Payne, Inc., Lindsay John W had sold 19,000 shares worth of $1,280,030 in a transaction dated June 9, 2016. In this transaction, 19,000 shares were sold at $67.37 per share.
Helmerich & Payne, Inc. is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Companys contract drilling business consists of three business segments: U.S. Land, Offshore and International Land. Its U.S. Land segment operates drilling operations in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Mississippi, Pennsylvania, Ohio, Utah, New Mexico, Montana, North Dakota, West Virginia and Nevada. Its offshore operations are conducted in the Gulf of Mexico and Equatorial Guinea. Its International Land segment operates in seven international locations, including Ecuador, Colombia, Argentina, Tunisia, Bahrain, the United Arab Emirates and Mozambique. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.