Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Helmerich & Payne, Inc shares valued at $99,627 were purchased by Vann J Kevin on Sep 27 ’24. At $30.19 per share, Vann J Kevin acquired 3,300 shares. The insider’s holdings grew to 3,300 shares worth approximately $0.12 million following the completion of this transaction.
Also, Smith Mark W. sold 16,000 shares, netting a total of over 647,840 in proceeds. Following the sale of shares at $40.49 each, the insider now holds 144,870 shares.
Before that, Hair Cara M. had sold 9,910 shares from its account. In a trade valued at $398,580, the SVP, CORP. SERVICES & CLO traded Helmerich & Payne, Inc shares for $40.22 each. Upon closing the transaction, the insider’s holdings decreased to 9,910 shares, worth approximately $5.06 million.
As published in a research note from Evercore ISI on January 15, 2025, Helmerich & Payne, Inc [HP] has been rated down from an Outperform to an In-line and the price target has been revised to $39 from $48. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of January 16, 2024, The Benchmark Company has decreased its “Buy” rating to a “Hold” for HP. Earlier on January 10, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for HP stock which previously was a “an Overweight”.
Analyzing HP Stock Performance
During the last five days, there has been a surge of approximately 11.92%. Over the course of the year, Helmerich & Payne, Inc shares have jumped approximately 14.62%. Shares of the company reached a 52-week high of $36.94 on 01/16/25 and a 52-week low of $32.65 on 01/03/25. A 50-day SMA is recorded $33.90, while a 200-day SMA reached $35.54. Nevertheless, trading volume fell to 0.95 million shares from 1.06 million shares the previous day.
Support And Resistance Levels for Helmerich & Payne, Inc (HP)
According to the 24-hour chart, there is a support level at 36.00, which, if violated, would cause prices to drop to 35.31. In the upper region, resistance lies at 37.17. The next price resistance is at 37.63. RSI (Relative Strength Index) is 70.40 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.78, which suggests the price will increase in the coming days. Percent R is at 3.52%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
