Helmerich & Payne, Inc’s filing revealed that its Director Chariag Belgacem acquired Company’s shares for reported $1.01 million on Feb 10 ’25. In the deal valued at $27.08 per share,37,356 shares were bought. As a result of this transaction, Chariag Belgacem now holds 54,606 shares worth roughly $ 1.45 million.
Then, LINDSAY JOHN W bought 20,000 shares, generating $551,000 in total proceeds. Upon buying the shares at $27.55, the PRESIDENT AND CEO now owns 691,214 shares.
Before that, Smith Mark W. bought 6,000 shares. Helmerich & Payne, Inc shares valued at $211,037 were divested by the Former Officer at a price of $35.17 per share.
Evercore ISI downgraded its Helmerich & Payne, Inc [HP] rating to an In-line from a an Outperform in a research note published on January 15, 2025; the price target was decreased to $39 from $48. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. The Benchmark Company also remained covering HP and has decreased its forecast on January 16, 2024 with a “Hold” recommendation from previously “Buy” rating. Barclays revised its rating on January 10, 2024. It rated HP as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of HP
On Friday, Helmerich & Payne, Inc [NYSE:HP] saw its stock fall -2.75% to $26.54. Over the last five days, the stock has lost -0.86%. Helmerich & Payne, Inc shares have fallen nearly -17.11% since the year began. Nevertheless, the stocks have fallen -26.54% over the past one year. While a 52-week high of $43.70 was reached on 01/17/25, a 52-week low of $26.35 was recorded on 02/14/25. SMA at 50 days reached $32.47, while 200 days put it at $34.47.
Levels Of Support And Resistance For HP Stock
The 24-hour chart illustrates a support level at 26.06, which if violated will result in even more drops to 25.59. On the upside, there is a resistance level at 27.27. A further resistance level may holdings at 28.01. The Relative Strength Index (RSI) on the 14-day chart is 28.85, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.15%. Stochastics %K at 6.78% indicates the stock is a buying.
How much short interest is there in Helmerich & Payne, Inc?
A steep rise in short interest was recorded in Helmerich & Payne, Inc stocks on 2025-01-31, dropping by -1.42 million shares to a total of 9.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 11.34 million shares. There was a decline of -14.3%, which implies that there is a negative sentiment for the stock.
