A Director at Helmerich & Payne is Exercising Options


Today it was reported that a Director at Helmerich & Payne (NYSE: HP), Edward Rust, exercised options to buy 4,122 HP shares at $21.06 a share, for a total transaction value of $86.81K. The options were close to expired and Edward Rust retained stocks.

Following Edward Rust’s last HP Buy transaction on May 12, 2017, the stock climbed by 18.2%. This recent transaction increases Edward Rust’s holding in the company by 11.56% to a total of $2.85 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 $532 million and had a GAAP net loss of $22.99 million. HP’s market cap is $7.62B and the company has a P/E ratio of 17.30. Currently, Helmerich & Payne has an average volume of 1M.

One of the top 25 analysts, according to TipRanks.com, recently recommended Buy HP with a $90 price target. Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $69.67, reflecting a -2.7% downside.

In the last 30 days, insiders have sold $736.5K worth of HP shares and purchased $1.35M worth of HP shares. The insider sentiment on Helmerich & Payne has been neutral according to 62 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

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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.

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