Today, a Director at Helmerich & Payne (NYSE: HP), Hans Helmerich, bought shares of HP for $1.26M.
This is Helmerich’s first Buy trade following 9 Sell transactions. Following this transaction Hans Helmerich’s holding in the company was increased by 5.77% to a total of $178 million.
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Based on Helmerich & Payne’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $649 million and GAAP net loss of $8.73 million. In comparison, last year the company earned revenue of $499 million and had a GAAP net loss of $22.26 million. HP’s market cap is $7.47B and the company has a P/E ratio of 16.69. Currently, Helmerich & Payne has an average volume of 2.01M.
One of the top 25 analysts, according to TipRanks.com, recently recommended Buy HP with a $90 price target. Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $71.00, reflecting a 2.8% upside. Three different firms, including B.Riley FBR and RBC Capital, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $736.5K worth of HP shares and purchased $1.26M worth of HP shares. The insider sentiment on Helmerich & Payne has been negative according to 60 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Helmerich & Payne, Inc. engages in contract drilling of oil and gas well. It operates through the following segments: U.S. Land, Offshore, and International Land.
