Today, the VP, Drilling Subsidiary of Helmerich & Payne (HP), John R. Bell, bought shares of HP for $273.8K.
This recent transaction increases John R. Bell’s holding in the company by 24.64% to a total of $3.15 million. Following John R. Bell’s last HP Buy transaction on November 22, 2017, the stock climbed by 4.9%.
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Based on Helmerich & Payne’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $697 million and quarterly net profit of $2.35 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 $6.51B and the company has a P/E ratio of 13.67. Currently, Helmerich & Payne has an average volume of 608.8K.
Based on 16 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $72.21, reflecting a 18.9% upside. Seven different firms, including B.Riley FBR and Capital One Financial, currently also have a Buy rating on the stock. HP is a controversial stock, with 7 analysts recommending Buy, while 3 recommends selling the stock.
In the last 30 days, insiders have sold $782.2K worth of HP shares and purchased $273.8K worth of HP shares. The insider sentiment on Helmerich & Payne has been positive according to 64 insider trades in the past three months. This sentiment is higher 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.
