The VP, Drilling Subsidiary of Helmerich & Payne is Exercising Options

Yesterday it was reported that the VP, Drilling Subsidiary of Helmerich & Payne (HPResearch Report), John R. Bell, exercised options to sell 9,000 HP shares at $38.01 a share, for a total transaction value of $348K. The options were close to expired and John R. Bell disposed stocks.

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The company has a one-year high of $64.80 and a one-year low of $35.75.

HP is a controversial stock, with 5 analysts recommending Buy, while 3 recommends selling the stock. Three different firms, including Deutsche Bank and Morgan Stanley, currently also have a Sell rating on the stock.

John R. Bell’s trades have generated a -9.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Helmerich & Payne, Inc. engages in contract drilling of oil and gas well. It operates through the following segments: U.S. Land, Offshore, International Land and Helmerich and Payne Technologies.