Helmerich & Payne (HP) : The money flow analysis of Helmerich & Payne (HP) indicates a $19.23 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $28.26 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.47 and so was the total money flow at $9.04 million. A solid up-down ratio of 8.28 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $11.39 million worth of block trades on upticks. Only $1.38 million worth of the stock exchanged hands on downticks. The money flow was $10.02 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Helmerich & Payne (HP), pushing it down by -0.26% for the day. The stock slid $0.16 and traded at $60.3 during the day. Nonetheless, the stock is -3.41% over the previous weeks close.
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%.
In a related news,The director officer (President & CEO) of Helmerich & Payne, Inc., Lindsay John W sold 19,000 shares at $67.37 on June 9, 2016. The Insider selling transaction had a total value worth of $1,280,030. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Helmerich & Payne (NYSE:HP): stock was range-bound between the intraday low of $60.08 and the intraday high of $61.82 after having opened at $61.01 on Fridays session. The stock finally closed in the red at $61.01, a loss of -0.18%. The stock remained in the red for the whole trading day. The total traded volume was 1,449,815 shares. The stock failed to cross $61.82 in Fridays trading. The stocks closing price on Thursday was $60.3.
Helmerich & Payne (HP) : During the past 4 weeks, traders have been relatively bearish on Helmerich & Payne (HP), hence the stock is down -4.67% 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 -4.07% relative to the S&P 500. The 4-week change in the price of the stock is -4.79% and the stock has fallen -3.59% in the past 1 week.
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.