Helmerich & Payne (HP) in Focus: Stock Falls 6.2% in Session - Tale of the Tape
Helmerich & Payne, Inc. (HP) saw a big move last session, as the company’s shares fell over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for HP, as the stock is down over 21% in the past one-month time frame.
Also, this slump shouldn’t be too much of a surprise to investors, as the Semiconductor company has seen 6 negative revisions compared to just 1 upward revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
HP currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
A better-ranked stock in the Oil and Gas Drilling industry is Precision Drilling Corporation (PDS) which holds a Zacks Rank #2 (Buy).
Is HP going up? Or down? Predict to see what others think: Up or Down
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HELMERICH&PAYNE (HP): Free Stock Analysis Report
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