How to Buy Helmerich & Payne Stock
Helmerich & Payne Inc
Helmerich & Payne is a oil & gas drilling company located in Oklahoma, United States, which is part of the Energy sector, and is traded under the ticker HP on the NYSE exchange.
Helmerich & Payne stock last closed at $42.43, up 0.26% from the previous day, and has increased 14.34% in one year. It has overperformed other stocks in the Oil & Gas Drilling industry by 0.15 percentage points. Helmerich & Payne stock is currently +39.55% from its 52-week low of $30.41, and -8.85% from its 52-week high of $46.55.
There are currently 98.72M HP shares outstanding. The market capitalization of HP is $4.19B. In the past 24 hours, 1.88M HP shares were traded.
How to Buy Helmerich & Payne Stock
Wondering how to invest in Helmerich & Payne stock? Here's how.
- Figure out where to buy Helmerich & Payne stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you choose where to buy Helmerich & Payne stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Select your method of payment and add your details.
- Evaluate Helmerich & Payne stock: The Helmerich & Payne ticker symbol is HP. Is Helmerich & Payne stock a good investment? Should you buy shares of HP? How do HP's underlying business fundamentals look? Do top analysts think Helmerich & Payne is a good buy? Why has HP's stock price moved recently? (Hint: Our stock research website can help you evaluate if HP is a good stock to buy).
- Make your HP buy order: Decide if you will purchase HP shares at the current market price or use a limit order to purchase HP stock at a particular price.
- Get the latest scoop on your HP position: Create a watchlist to monitor your position in Helmerich & Payne stock.
Step 1: Figure out where to buy Helmerich & Payne stock
You will need an online brokerage account to access the NYSE market and buy HP shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, you need to fill out some personal information so you can invest in HP stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open a new brokerage account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have filled out your info on the best free stock trading app, you can securely and quickly fund your account:
Check out this video walkthrough for more details depositing money into your investment account.
Step 4: Evaluate Helmerich & Payne stock
After you have decided on the best place to buy Helmerich & Payne stock, it's crucial to research their stock before you buy, so you actually understand the risk and opportunity.
Helmerich & Payne shares quick numbers
HP Overview
WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on HP's stock page.
Is HP stock undervalued?
Analysts use many financial metrics, analyses, models, and charts to gauge HP's intrinsic value.
Using relative valuations methods:
- HP may be overvalued based on its P/E ratio of 12.09x, relative to Oil & Gas Drilling industry P/E ratio of 9.34x
- HP may be overvalued based on its P/B ratio of 1.49x, relative to Oil & Gas Drilling industry P/B ratio of 0.99x
- HP may be undervalued based on its PEG ratio of 0.79x
You can do more valuation research on HP's stock here.
A look at HP Cashflows and Balance Sheet
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the HP balance sheet.
- HP earnings of $508.27M is not sufficient to cover its interest payments.
- HP profit margin has gone up from 12.2% to 12.8% in the past year.
- HP's operating cash flow of $825.95M allows it to safely service it's debt of $545.44M.
Failed Health Checks:
- There are more long-term liabilities than short-term assets on the HP balance sheet.
- Total HP debt is higher than 5 years ago, relative to shareholder equity.
- HP has a relatively high debt to equity ratio of 0.58.
Is it a good time to buy HP stock, according to analysts?
Out of 7 Equities analysts who research HP, the consensus analyst rating on Helmerich & Payne is a Hold
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest HP Analyst Ratings
David Anderson, a top 12% analyst from Barclays downgrades HP to a hold rating and lowers their HP price target from $44.00 to $40.00, on Jan 10, 2024.
Luke Lemoine, a top 12% analyst from Piper Sandler maintains HP with a strong buy rating and lowers their HP price target from $51.00 to $47.00, on Nov 13, 2023.
You can dig deeper into what analysts are forecasting on the Helmerich & Payne stock forecast page.
HP Technicals
HP Growth Metrics
Last year, HP earnings were $352.92M. Over the last 5 year, HP's earnings have increased by 39.69% per year. This was faster than the Oil & Gas Drilling industry average of 26.16%.
Last year, HP revenue was $2.75B. During the last five year, HP's revenue has gone up by -0.42% per year. This was slower than the Oil & Gas Drilling industry average of 33.1%.
You can research HP's earnings and revenue performance here.
Who is buying/selling HP?
In the last year, insiders at HP have sold more shares than they have bought.
Michael Lennox, SVP US LAND OPS DRILLING SUB of HP, was the latest HP insider to sell. They sold $90,194.44 worth of HP shares on Mar 1, 2024.
Dig into more about who owns HP stock here.
Does HP stock generate passive income?
Helmerich & Payne pays a dividend of 4.27%, compared to the Oil & Gas Drilling industry's average dividend yield of 2.56%. If you owned $1,000 worth of HP stock, you would have received $42.66 in the past year.
Helmerich & Payne dividend payments have not consistently grown over the past decade and have not remained stable.
Find more info about Helmerich & Payne dividend yield and history here.
HP Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your HP buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount, use a limit order.
Click the Open button and eToro will place your order.
If you require additional assistance buying stocks on eToro, click the how to video below:
Step 6: Get the latest scoop on your HP position
Now that you own some HP stock, you'll want to stay up-to-date on your investment.
Put HP on a watchlist to track the latest developments regarding your HP stock.
HP Feed
How to Buy Stock in Helmerich & Payne
To summarize, here are the 6 steps you need to take to buy Helmerich & Payne stock right now:
- Figure out where to buy Helmerich & Payne stock
- Open a brokerage account
- Deposit money your investment account
- Evaluate Helmerich & Payne stock
- Make your HP buy order
- Get the latest scoop on your HP position
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep an eye on your investment in Helmerich & Payne, click below.
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