Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Helmerich & Payne, Inc shares valued at $211,037 were purchased by Smith Mark W. on Jan 24 ’25. At $35.17 per share, Smith Mark W. acquired 6,000 shares.
Also, Vann J Kevin purchased 3,300 shares, netting a total of over 99,627 in proceeds. Following the buying of shares at $30.19 each, the insider now holds 3,300 shares.
Before that, Smith Mark W. had sold 16,000 shares from its account. In a trade valued at $647,840, the SENIOR VP AND CFO traded Helmerich & Payne, Inc shares for $40.49 each. Upon closing the transaction, the insider’s holdings decreased to 16,000 shares, worth approximately $4.02 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 drop of approximately -12.88%. Over the course of the year, Helmerich & Payne, Inc shares have dropped approximately -13.43%. Shares of the company reached a 52-week high of $37.30 on 01/17/25 and a 52-week low of $27.56 on 02/06/25. A 50-day SMA is recorded $33.44, while a 200-day SMA reached $34.90. Nevertheless, trading volume fell to 8.0 million shares from 2.56 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 26.74, which, if violated, would cause prices to drop to 25.75. In the upper region, resistance lies at 29.52. The next price resistance is at 31.32. RSI (Relative Strength Index) is 28.28 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.13, which suggests the price will decrease in the coming days. Percent R is at 98.31%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
