On April 29, 2024, Mark Smith, Senior Vice President and Chief Financial Officer of Helmerich & Payne Inc (HP, Financial), sold 16,000 shares of the company, according to a recent SEC Filing. This transaction is part of a series of insider activities observed over the past year, where Mark Smith has sold a total of 16,000 shares and made no purchases.
Helmerich & Payne Inc is an energy-oriented company engaged in contract drilling of oil and gas wells for exploration and production companies. The company owns and operates a high-quality fleet of mobile offshore and land rigs.
The insider transaction history for Helmerich & Payne Inc shows no insider buys over the past year, with a total of 5 insider sells during the same period.
On the date of the insider's recent sale, shares of Helmerich & Payne Inc were trading at $40.49, resulting in a market cap of approximately $3.883 billion.
The price-earnings ratio of Helmerich & Payne Inc stands at 11.30, which is lower than the industry median and the company's historical median price-earnings ratio.
With the current share price and a GuruFocus Value of $65.33, Helmerich & Payne Inc has a price-to-GF Value ratio of 0.62, indicating that the stock is Significantly Undervalued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at Helmerich & Payne Inc.
The GF Value image provides a visual representation of the stock's valuation, suggesting that Helmerich & Payne Inc is currently undervalued.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
