Large Inflow of Money Detected in Helmerich & Payne

Helmerich & Payne (HP) : Tuesdays money flow indicated an uptick to downtick ratio was at 1.54. The total value of inflow transactions on upticks was $16.54 million, whereas, the total value of outflow trades on downticks was $10.76 million. The total money flow was $5.78 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $3.67 million. The total value of the trades done on upticks was $3.67 million. Helmerich & Payne (HP) was trading with a -1.93% change over previous days close. It fell $1.21 during the day and reached $61.36. The stock was -1.71% compared to the previous weeks close.


Also, Brokerage firm Citigroup maintains its rating on Helmerich & Payne (NYSE:HP). As per the latest information, the brokerage house lowers the price target to $66 per share from a prior target of $70. The shares have been rated Neutral. The rating by the firm was issued on August 9, 2016.

Helmerich & Payne, Inc. has dropped 3% in the last five trading days, however, the shares have posted positive gains of 2.14% in the last 4 weeks. Helmerich & Payne, Inc. is up 3.74% in the last 3-month period. Year-to-Date the stock performance stands at 18.93%.

Helmerich & Payne (NYSE:HP): The stock opened at $62.83 on Tuesday but the bulls could not build on the opening and the stock topped out at $63.46 for the day. The stock traded down to $61.02 during the day, due to lack of any buying support eventually closed down at $61.36 with a loss of -1.93% for the day. The stock had closed at $62.57 on the previous day. The total traded volume was 981,896 shares.

In a related news, The Securities and Exchange Commission has divulged that Lindsay John W, director officer (President & CEO) of Helmerich & Payne, Inc., had unloaded 19,000 shares at an average price of $67.37 in a transaction dated on June 9, 2016. The total value of the transaction was worth $1,280,030.

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.

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