Ring The Register

Back in August, I made my case for Helmerich & Payne (HP) at $45.  When it hit $54 dollars in November I recommended taking some profits.  On Friday, HP closed at $61, exceeding my fair value estimate of $59 per share.  I still like Helmerich & Payne as a company, but at $61 it’s time to finish taking your profits.  From $45 that’s a 35% gain, so ring the register on HP.

Victor K. Lai, CFA

This blog is for informational purposes only. Nothing on this blog constitutes investment, tax, or legal advice. You should conduct proper due diligence and / or consult with professional advisers before taking any investment action.