NEW YORK (TheStreet) -- Helmerich & Payne (NYSE:HP) hit a new 52-week high Wednesday as it traded at $61.52 compared with its previous 52-Week high of $61.09. Helmerich & Payne is changing hands at $61.53 with 243,883 shares traded as of 10:38 a.m. ET. Average volume has been 1.1 million shares over the past 30 days. Helmerich & Payne has a market cap of $6.4 billion and is part of the basic materials sector and energy industry. Shares are up 24.1% year to date as of the close of trading on Tuesday. Helmerich & Payne, Inc. engages in the contract drilling of oil and gas wells in the United States and internationally. The company has a P/E ratio of 19.9, below the average energy industry P/E ratio of 33 and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Helmerich & Payne as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, increase in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Helmerich & Payne Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.
Latest Headlines about HP
Latest from TheStreet Wire
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV