Helmerich & Payne, Inc.’s recently made public 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 $4.25 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 $53.57 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 Tuesday, Helmerich & Payne, Inc. [NYSE:HP] saw its stock jump 2.64% to $42.32. Over the last five days, the stock has gained 2.72%. Helmerich & Payne, Inc. shares have risen nearly 17.37% since the year began. Nevertheless, the stocks have risen 20.25% 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 $40.45, while 200 days put it at $39.76. A total of 1.33 million shares were traded, compared to the trading of 1.77 million shares in the previous session.
Levels Of Support And Resistance For HP Stock
The 24-hour chart illustrates a support level at 41.09, which if violated will result in even more drops to 39.87. On the upside, there is a resistance level at 43.11. A further resistance level may holdings at 43.91. The Relative Strength Index (RSI) on the 14-day chart is 55.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.00%. Stochastics %K at 36.50% indicates the stock is a holding.
