Large Outflow of Money Witnessed in Helmerich & Payne

Helmerich & Payne (NYSE:HP) surged 0.08% during the last session. The last traded price was up 0.05 points at $64.82. The data for the fund flow suggests that the net intraday money flow was $(-1.36) million. The fund value in upticks was recorded to be $12.71 million and in downticks, it was found to be $14.07 million. The up/down ratio for the day was measured to be 0.9. For the week, the shares have seen a percentage change of 10.26%.A block trade of $(-1.58) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0 million and that of downticks was $1.58 million. The block tradeoff had the up/down ratio of 0.


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%. On the companys insider trading activities, 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 (NYSE:HP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.53 points or 0.82% at $64.24 with 1,696,273 shares getting traded. Post opening the session at $64.56, the shares hit an intraday low of $63.892 and an intraday high of $65.78 and the price was in this range throughout the day. The company has a market cap of $6,940 million and the number of outstanding shares have been calculated to be 108,039,174 shares. The 52-week high of Helmerich & Payne (NYSE:HP) is $75.06 and the 52-week low is $40.02.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Credit Suisse downgrades its ratings on Helmerich & Payne (NYSE:HP). In the latest research report, Credit Suisse raises the target price from $46 per share to $48 per share. According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 1, 2016.

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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