.jpg "The VP, Drilling Subsidiary of Helmerich & Payne (NYSE: HP) is Selling Shares")
Today, the VP, Drilling Subsidiary of Helmerich & Payne (HP), John R. Bell, sold shares of HP for $782.2K.
Following John R. Bell’s last HP Sell transaction on November 22, 2017, the stock climbed by 4.9%. This is Bell’s first Sell trade following 3 Buy transactions.
See today’s analyst top recommended stocks >>
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. HP is a controversial stock, with 7 analysts recommending Buy, while 3 recommends selling the stock. Four different firms, including BMO Capital and Merrill Lynch, currently also have a Sell rating on 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.
John R. Bell’s trades have generated a -4.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
