Analyst Views On Top Movers In Recent Trade: Helmerich & Payne, Inc. (HP), ArcelorMittal (MT)

Helmerich & Payne, Inc. (NYSE:HP) notched a -1.04% intraday decline moving at $56.02. When the opening bell rang, the price was $56.96. The number of shares that were traded during the day was 0.7 million, which corresponds to its 3-month volume average of 1.62 million shares a day.

Helmerich & Payne, Inc. (HP) Analyst Opinion

Helmerich & Payne, Inc. has a consensus hold rating from 29 Wall Street analysts, and the number of shares currently sold short amount to at least 18.89% of shares outstanding. The stock spiked 9.18% last month and is down -27.62 this year. Wall Street is only getting more bearish on the stock, with 4 of analysts who cover HP having a buy-equivalent rating. Analysts have placed a $50.52 price target on Helmerich & Payne, Inc., suggesting a -9.82% decline from recent close. It’s currently trading about -34.69% below its 52-week high.

Helmerich & Payne, Inc. Earnings Surprise

Helmerich & Payne, Inc. (HP) surprised the stock market in its last reported earnings when it earned -$0.14 a piece versus the consensus-estimated -$0.19. Its revenue totaled $491.65 million down -1.39% from the previous quarter.

Helmerich & Payne, Inc. (NYSE:HP) Intraday View

This stock (HP) is ahead of its 52-week low with 32.87%. Its last month’s stock price volatility remained 1.82% which for the week stands at 2.64%. The share price has moved forward from its 20 days moving average, trading at a distance of 0.65% and stays 5.34% away from its 50 days moving average. Over the last five days, shares have managed 3.03% gains and now is down -0.82% since hitting its 200-day moving average of $52.17. Helmerich & Payne, Inc. (HP) has made its way to a 12-month decline of -20.23%.

Turning to ArcelorMittal (NYSE:MT), its shares were trading at $29.56 a gain of $0.37, on the trading floor. The stock, after opening at $29.56, touched a high of $29.78 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.3. ArcelorMittal has 2 buy ratings, 1 holds and 0 sells even after the stock tumbled -3.08% from its high of $30.50 to a $30.21 billion market value through last close.

ArcelorMittal (MT) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.17 to 2.17 during a month. Analysts set a 12-month price target of $34.15 a share. The target implies a 15.53% spike from where the shares are currently trading. Also, the current price highlights a discount of 42.05% to analysts’ high consensus price target.

ArcelorMittal (NYSE:MT) Intraday Trading

The counter witnessed a trading volume of 1.38 million shares versus an average volume of 4.14 million shares during last trading session. Its last month’s stock price volatility remained 1.38% which for the week approaches 1.89%. The lowest price the stock reached in the last trading day was $29.43 and compares with the $19.59 52-week low. The stock recovered 50.87% since its low point and has performed 34.98% year-to-date.

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