Large Outflow of Money Witnessed in Helmerich & Payne

Helmerich & Payne (HP) : Money flow in the Helmerich & Payne (HP) stock was negative (4.56 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $36.01 million, compared to $40.56 million on downticks. The total uptick to downtick ratio was 0.89, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($7.68 million), indicating selling on the strength. The transaction value during uptick in block trades was $2.98 million. Downtick transaction value in block trades amounted to $10.66 million, indicating persistent selling. The uptick to downtick ratio was 0.28. Helmerich & Payne (HP) traded $4.51 higher at $62.78 gaining 7.74% over the previous days close.


Shares of Helmerich & Payne, Inc. rose by 6.37% in the last five trading days and 0.34% for the last 4 weeks. Helmerich & Payne, Inc. has dropped 4.13% during the last 3-month period . Year-to-Date the stock performance stands at 21.68%.

Helmerich & Payne (HP) : The consensus on Helmerich & Payne (HP) based on 19 analyst recommendation on the company stock is 2.58, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 2 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Helmerich & Payne (HP).

Helmerich & Payne (NYSE:HP): The stock opened at $58.76 and touched an intraday high of $62.94 on Wednesday. During the day, the stock corrected to an intraday low of $58.61, however, the bulls stepped in and pushed the price higher to close in the green at $62.78 with a gain of 7.74% for the day. The total traded volume for the day was 2,905,300. The stock had closed at $58.27 in the previous trading session.

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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