TULSA, Okla., June 23, 2019 – Shares of Helmerich & Payne Inc. (NYSE: HP) gained 0.08% to $51.11. The stock grabbed the investor’s attention and traded 2.074M shares as compared to its average daily volume of 1.20M shares. The stock’s institutional ownership stands at 99.40%.

Helmerich & Payne, Inc. (HP) stated income of $61.0M or $0.55 per diluted share from operating revenues of $721.0M for the quarter ended March 31, 2019, contrast to income of $19.0M, or $0.17 per diluted share, on revenues of $741.0M for the quarter ended December 31, 2018. Net income per diluted share for the second and first fiscal quarters of 2019 include $(0.01) and $(0.25), respectively, of after-tax losses comprised of select items.

Net cash offered by operating activities was $200.0M for the second quarter of fiscal 2019 contrast to $209.0M for the first fiscal quarter of fiscal 2019.

HP has a market value of $5.59B while its EPS was booked as $0.65 in the last 12 months. The stock has 109.33M shares outstanding. In the profitability analysis, the company has gross profit margin of 35.20% while net profit margin was 2.60%. Beta value of the company was 1.50; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.40.