Helmerich & Payne (NYSE:HP) has climbed 2.24% in the past week and advanced 12.6% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.47% and the outperformance has advanced to 11.57% for the last 4 weeks period.
Helmerich & Payne (NYSE:HP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.10 and $64.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.22, notching a gain of 2.60% for the day. The total traded volume was 2,136,750 . The stock had closed at $64.54 on the previous day.
The company shares have dropped -8.16% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $73.22 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $61.61 and the 200 Day Moving Average price is recorded at $56.21.
On the companys insider trading activities,The director officer (President & CEO) of Helmerich & Payne, Inc., Lindsay John W sold 19,000 shares at $67.37 on June 9, 2016. The Insider selling transaction had a total value worth of $1,280,030. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Bank of America initiates coverage on Helmerich & Payne (NYSE:HP). The current rating of the shares is Buy, according to the research report released by the firm. The rating by the firm was issued on June 13, 2016. Currently the company Insiders own 4.23% of Helmerich & Payne shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -34.75% . During last six month period, the net percent change held by insiders has seen a change of -34.66%.
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.