Helmerich & Payne, Inc.’s filing revealed that its SVP, US LAND OPS, DRILLING SUB Lennox Michael unloaded Company’s shares for reported $90194.0 on Mar 01 ’24. In the deal valued at $38.81 per share,2,324 shares were sold. As a result of this transaction, Lennox Michael now holds 100,322 shares worth roughly $4.34 million.
Then, Lennox Michael sold 10,176 shares, generating $391,878 in total proceeds. Upon selling the shares at $38.51, the SVP, US LAND OPS, DRILLING SUB now owns 102,646 shares.
Before that, HELMERICH HANS sold 74,373 shares. Helmerich & Payne, Inc. shares valued at $3,246,381 were divested by the Director at a price of $43.65 per share. As a result of the transaction, HELMERICH HANS now holds 1,265,915 shares, worth roughly $54.76 million.
The Benchmark Company downgraded its Helmerich & Payne, Inc. [HP] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “an Equal weight”. Piper Sandler also remained covering HP and has decreased its forecast on January 08, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Seaport Research Partners revised its rating on January 02, 2024. It rated HP as “a Neutral” which previously was an “a Buy”.
Price Performance Review of HP
On Monday, Helmerich & Payne, Inc. [NYSE:HP] saw its stock fall -1.44% to $43.26. Over the last five days, the stock has gained 2.44%. Helmerich & Payne, Inc. shares have risen nearly 19.97% since the year began. Nevertheless, the stocks have risen 16.95% over the past one year. While a 52-week high of $46.13 was reached on 04/08/24, a 52-week low of $29.73 was recorded on 01/17/24. SMA at 50 days reached $39.66, while 200 days put it at $39.37. A total of 1.27 million shares were traded, compared to the trading of 0.11 million shares in the previous session.
Levels Of Support And Resistance For HP Stock
The 24-hour chart illustrates a support level at 42.89, which if violated will result in even more drops to 42.52. On the upside, there is a resistance level at 43.87. A further resistance level may holdings at 44.48. The Relative Strength Index (RSI) on the 14-day chart is 65.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.41%. Stochastics %K at 86.85% indicates the stock is a selling.
How much short interest is there in Helmerich & Payne, Inc.?
A steep rise in short interest was recorded in Helmerich & Payne, Inc. stocks on Mar 15, 2024, growing by 0.81 million shares to a total of 11.6 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 10.79 million shares. There was a rise of 6.98%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 17.54% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.12.
