Helmerich & Payne (HP) Shares are Down -2.14%

Helmerich & Payne (HP) : During the past 4 weeks, traders have been relatively bearish on Helmerich & Payne (HP), hence the stock is down -10.89% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.19% relative to the S&P 500. The 4-week change in the price of the stock is -9.97% and the stock has fallen -2.14% in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.04% and the 50-Day Moving Average is 3.74%. Helmerich & Payne (NYSE:HP): On Fridays trading session , Opening price of the stock was $62.76 with an intraday high of $62.76. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $61.56. However, the stock managed to close at $61.87, a loss of 0.94% for the day. On the previous day, the stock had closed at $62.46. The total traded volume of the day was 1,147,139 shares.


The company Insiders own 4.23% of Helmerich & Payne shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -34.75%. Also, Citigroup maintains its view on Helmerich & Payne (NYSE:HP) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Citigroup lowers the price target from $70 per share to $66 per share on Helmerich & Payne . The rating by the firm was issued on August 9, 2016.

Helmerich & Payne, Inc. is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Companys contract drilling business consists of three business segments: U.S. Land, Offshore and International Land. Its U.S. Land segment operates drilling operations in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Mississippi, Pennsylvania, Ohio, Utah, New Mexico, Montana, North Dakota, West Virginia and Nevada. Its offshore operations are conducted in the Gulf of Mexico and Equatorial Guinea. Its International Land segment operates in seven international locations, including Ecuador, Colombia, Argentina, Tunisia, Bahrain, the United Arab Emirates and Mozambique. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

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