Helmerich & Payne (HP) has risen sharply, recording gains of 0.74% in the past 4 weeks. However, the stock has corrected -2.82% 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 0.95% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.21% and the fifty day Moving Average is 2.69%. Helmerich & Payne, Inc. is up 4.19% in the last three month period. Year-to-Date the stock performance stands at 21%.
Helmerich & Payne (HP) has been rated by 17 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $80 and the lowest price target forecast is $40. The average forecast of all the analysts is $60.77 and the expected standard deviation is $11.27.
Helmerich & Payne (NYSE:HP): On Fridays trading session , Opening price of the stock was $62.78 with an intraday high of $63.4. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $61.86. However, the stock managed to close at $62.43, a loss of 0.29% for the day. On the previous day, the stock had closed at $62.61. The total traded volume of the day was 2,026,350 shares.
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.