HP Stock Summary and Trading Ideas (Helmerich & Payne | NYSE:HP)

Helmerich & Payne maintains one of the largest fleets of land drilling rigs in the U.S. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small but growing presence internationally.

Helmerich & Payne trades on the NYSE stock market under the symbol HP.

As of April 15, 2024, HP stock price declined to $41.63 with 814,165 million shares trading.

HP has a beta of 0.92, meaning it tends to be less sensitive to market movements. HP has a correlation of 0.10 to the broad based SPY ETF.

HP has a market cap of $4.11 billion. This is considered a Mid Cap stock.

Last quarter Helmerich & Payne reported $677 million in Revenue and $.97 earnings per share. This beat revenue expectation by $15 million and exceeded earnings estimates by $.25.

In the last 3 years, HP stock traded as high as $54.59 and as low as $20.93.

The top ETF exchange traded funds that HP belongs to (by Net Assets): IJR, CALF, VTI, IWM, VB.

HP stock has underperformed the market in the last year with a return of +15.4%, while SPY returned +25.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in HP shares. However, HP has outperformed the market in the last 3 month and 2 week periods, returning +23.9% and -1.0%, while SPY returned +6.2% and -3.6%, respectively. This indicates HP has been having a stronger performance recently.

HP support price is $41.06 and resistance is $42.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HP stock will trade within this expected range on the day.