Helmerich & Payne (HP) Shares are Down -5.6%

Helmerich & Payne (HP) : During the past 4 weeks, traders have been relatively bearish on Helmerich & Payne (HP), hence the stock is down -8.06% 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 -6.18% relative to the S&P 500. The 4-week change in the price of the stock is -1.85% and the stock has fallen -5.6% in the past 1 week.

Helmerich & Payne (NYSE:HP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.51 and $63.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.87, notching a gain of 1.20% for the day. The total traded volume was 1,981,333 . The stock had closed at $64.10 on the previous day.


The stock has recorded a 20-day Moving Average of 2.6% and the 50-Day Moving Average is 1.52%. Helmerich & Payne, Inc. is up 2.41% in the last 3-month period. Year-to-Date the stock performance stands at 24.33%.

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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