New insider activity at Helmerich & Payne ( (HP) ) has taken place on February 20, 2025.
Director Randy Foutch recently made a significant investment in Helmerich & Payne by purchasing 3,800 shares of the company’s stock. This transaction amounted to a total value of $99,750, showcasing Foutch’s confidence in the company’s future performance.
Recent Updates on HP stock
In the last 24 hours, Helmerich & Payne has experienced a shift in analyst sentiment reflected in the adjustment of price targets by Barclays and RBC Capital. Barclays lowered its price target on Helmerich & Payne due to flattish activity in U.S. land operations and a strategic focus on international expansion, as highlighted post the company’s Q4 report. Meanwhile, RBC Capital also decreased its price target, citing challenges such as higher activation costs in Saudi Arabia and lower EBITDA from the KCA acquisition, although these are expected to be short-term issues. Despite these challenges, Helmerich & Payne reported stable Q1 revenues and emphasized its international growth through the acquisition of KCA Deutag and expansion into the Middle East, although it faces temporary international headwinds that are impacting financial results.
More about Helmerich & Payne
YTD Price Performance: -17.21%
Average Trading Volume: 1,539,625
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.61B
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