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Helmerich and Payne Inc

Helmerich and Payne Inc (HP)

39.67
2.07
(5.51%)
At close: July 15 4:00PM
39.67
0.00
( 0.00% )
After Hours: 5:26PM

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Key stats and details

Current Price
39.67
Bid
-
Ask
-
Volume
1,687,423
37.5257 Day's Range 40.07
32.17 52 Week Range 46.55
Market Cap
Previous Close
37.60
Open
37.65
Last Trade
3
@
39.4
Last Trade Time
17:02:27
Financial Volume
$ 66,161,750
VWAP
39.2088
Average Volume (3m)
1,117,921
Shares Outstanding
98,724,737
Dividend Yield
2.52%
PE Ratio
9.03
Earnings Per Share (EPS)
4.4
Revenue
2.87B
Net Profit
434.1M

About Helmerich and Payne Inc

Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small presence internationally. Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small presence internationally.

Sector
Drilling Oil And Gas Wells
Industry
Drilling Oil And Gas Wells
Headquarters
Wilmington, Delaware, USA
Founded
1970
Helmerich and Payne Inc is listed in the Drilling Oil And Gas Wells sector of the New York Stock Exchange with ticker HP. The last closing price for Helmerich and Payne was $37.60. Over the last year, Helmerich and Payne shares have traded in a share price range of $ 32.17 to $ 46.55.

Helmerich and Payne currently has 98,724,737 shares outstanding. The market capitalization of Helmerich and Payne is $3.71 billion. Helmerich and Payne has a price to earnings ratio (PE ratio) of 9.03.

HP Latest News

Helmerich & Payne, Inc. Announces Fiscal Third Quarter 2024 Conference Call and Webcast

In conjunction with Helmerich & Payne, Inc.’s (NYSE: HP) fiscal third quarter 2024 earnings release, you are invited to listen to its conference call on Thursday, July 25, 2024, at 11:00 a.m...

Helmerich & Payne, Inc. To Participate in J.P. Morgan 2024 Energy, Power and Renewables Conference

Helmerich & Payne, Inc. (NYSE: HP) today announced that John Lindsay, President and Chief Executive Officer; Mark Smith, Senior Vice President and Chief Financial Officer; and Dave Wilson...

Helmerich & Payne, Inc. Announces Fiscal Second Quarter Results

The Company reported fiscal second quarter net income of $85 million, or $0.84 per diluted share; including select items(1) that had a neutral impact on diluted earnings per share The North...

Helmerich & Payne, Inc. Announces Fiscal Second Quarter 2024 Conference Call and Webcast

In conjunction with Helmerich & Payne, Inc.’s (NYSE: HP) second quarter 2024 earnings release, you are invited to listen to its conference call on Thursday, April 25, 2024, at 11:00 a.m. (ET...

Helmerich & Payne, Inc. To Participate in Conferences in March 2024

Helmerich & Payne, Inc. (NYSE: HP) today announced that Mark Smith, Senior Vice President and Chief Financial Officer; Trey Adams, Senior Vice President of Digital Operations, Sales, and...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
14.412.475191380835.2740.0734.83113874236.41109831CS
46.9321.166768478932.7440.0732.6126675735.21003552CS
12-1.96-4.7081431659941.6342.6832.48111792137.09062964CS
266.0918.135795116133.5844.1132.17121804238.30530128CS
522.516.7545748116337.1646.5532.17126595339.29665975CS
1569.8533.031522468129.8254.5920.93127484738.19225375CS
260-12.65-24.178134556652.3254.5912.4157520932.3862393CS

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HP Discussion

View Posts
GreedyAgorist GreedyAgorist 2 years ago
No need to figure out any icing problem for me as I am out. I got called away last month, after holding for a couple years, riding that pandemic drop and the slow recovery (that got fast here in the last month), scoring a few cash covered put plays along the way, and, of course, collecting the dividends. Speaking of which, the divvy was lowered significantly shortly after the beginning of that ride, so this was a divvy play when I got in (and not so bad when it was way down in the dumps below 20), but not so much now.

Although, having said that, I can't help but wonder if a dividend increase is in the cards for the near future. But then I look at the negative EPS and I am not tempted. Similar thing with Ford, down with everything two years ago. They killed the dividend for six quarters, only to bring it back for these last two. But even then it is 33% lower than it was, even though the price is nearly double what it was when they cut it. Once these companies go through the pain of cutting or eliminating the divvy, which is usually done quickly, they are slow to bring it back, even if the share price recovers and then some.
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Lowjack Lowjack 2 years ago
You figure out that icing problem?
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Lowjack Lowjack 3 years ago
WTF!

https://www.yahoo.com/news/over-100-men-stranded-drill-111908047.html
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Lowjack Lowjack 3 years ago
What to expect from rig shutdown restart in the gulf.

Example...from last years storms.
https://www.usnews.com/news/business/articles/2020-08-26/oil-industry-shuts-platforms-rigs-refineries-before-storm

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Lowjack Lowjack 3 years ago
I had intended to post both charts.

https://schrts.co/TgAMeTVX
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Lowjack Lowjack 3 years ago
Hit resistance.

https://schrts.co/fDvdgivu

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seeking wisdom seeking wisdom 3 years ago
10-4 I loaded all i had left today!
Ready for next week

$$$$$$$$$$$$$$$$$$$$4HPIL$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
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Lowjack Lowjack 3 years ago
outside bottom BB on the daily.

I penciled in a gulf storm 10 days out.

Add to short above 18dma.
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GreedyAgorist GreedyAgorist 3 years ago
Would have been willing to watch the sequel as I am a JC fan. Bad luck on the timing, though.

Meanwhile looks like we were both right. It came down hard and it is that time of the year again--after a nice run. Selling cash covered puts back then worked out as well. Will be looking for another such play in the next month or so.
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Lowjack Lowjack 3 years ago
Seems like you need to go watch Top Gun.

Should be short by now as the cycle is over.

Probably test the lows after the lockdowns are put back in force.

Jan.- Mar. load cheep.
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JustBegin JustBegin 4 years ago
Wth? Why this dropping?
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whytestocks whytestocks 4 years ago
NEWS: $HP Comprehensive non-correlated Helmerich & Payne $HP Trading Report

Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with out market based analysis, the probabilities of going with the flow increases, and that is material over time. The Helmerich &...

Find out more HP - Comprehensive non-correlated Helmerich & Payne $HP Trading Report
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GreedyAgorist GreedyAgorist 4 years ago
OK, now the 15's are tempting.

: - )
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GreedyAgorist GreedyAgorist 4 years ago
I do not know what that means, to be honest with you. And is that a gold chart? Did you mean to post that here for the HP (Helmerich & Payne) board?

Meanwhile, this one only trades monthly, not weekly options, but its 17.50 strike options expiring Friday are currently in play. Worth about a (current) dividend to sell a cash covered put. Day's range 59 to 85 cents. Quite tempting.
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Lowjack Lowjack 4 years ago
Heading for the hard deck!
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GreedyAgorist GreedyAgorist 4 years ago
Hybrid dividend capture play so far so good with HP today. Goal was to buy on a dip and then turn around and sell a February call at about twice the value of the dividend. Option expires in 4 weeks, but the dividend comes in two. With a yearly yield of around 6.6%, scoring the equivalent of 3 dividends works out to about 5% in one month's time.

Still a lot of risk with this one, as this last week has shown.

PS This is not Hewlett Packard. That would be HPE, which also had a big bounce today.
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whytestocks whytestocks 5 years ago
News: $HP Better Buy: Microsoft vs. HP

When it comes to the technology highfliers, investors couldn't be blamed for favoring  Microsoft (NASDAQ: MSFT)  over  HP (NYSE: HP) . After all, HP had its turn in the spotlight nearly two decades ago. Today,  Facebook,   Amazon , Apple  and Alphabet  ...

Find out more HP - Better Buy: Microsoft vs. HP
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vplm4life vplm4life 5 years ago
Great BUY
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benfrankledger benfrankledger 6 years ago
What’s in the radar this week?
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$Pistol Pete$ $Pistol Pete$ 6 years ago
I think so
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benfrankledger benfrankledger 6 years ago
$HP stands to grow next 12 months. Best in class driller IMO.
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$Pistol Pete$ $Pistol Pete$ 6 years ago
$HP Helmerich & Payne (NYSE:HP)

2018 EPS Estimate: $0.10
2019 EPS Estimate: $1.34 (+1,240.0%)
Stock Price: $65.46
P/E Ratio: -51.5
Dividend Yield: 4.39 %
Consensus Rating: Hold
Ratings Breakdown: 7 Buy Ratings, 12 Hold Ratings, 4 Sell Ratings.
Consensus Price Target: $59.30 (-9.4% Upside)
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benfrankledger benfrankledger 7 years ago
HP says its U.S. Land segment recorded a $4.2M operating loss in the quarter vs. a $69.7M loss in the year-ago period, its U.S. Land market share rose to 20% from 15% a year ago, and revenue days rose ~6% Q/Q.

For FY 2018, HP forecasts capex of $250M-$300M.
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benfrankledger benfrankledger 7 years ago
HP says FY 2017 saw "the largest ramp up of U.S. land rig activity in the company's history," closing the year with 197 rigs running compared with 95 rigs at the start of the year.
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benfrankledger benfrankledger 7 years ago
$HP is higher after posting a smaller than expected FQ4 loss and a 60% Y/Y increase in revenues, also better than expected.
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idig idig 7 years ago
$HPNN MERGER COMING ?
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JWard99 JWard99 7 years ago
Shown strong support even with BS Suntrust downgrade. Expect accumulation to continue and run into mid 70s.
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eFinanceMarkets eFinanceMarkets 7 years ago
U.S. Supreme Court sides with Venezuela in Helmerich & Payne's rigs claim

Helmerich & Payne (HP -2.5%) is lower after the U.S. Supreme Court rules in favor of Venezuela's government in an 8-0 vote, throwing out a 2015 decision by the U.S. Court of Appeals for the D.C. Circuit.

The lower court had ruled in 2015 that HP could sue Venezuela over the seizure of 11 drilling rigs in 2010 but allowed the business another chance to press its claims.

The justices said the appeals court wrongly allowed claims to move forward merely because a company had presented a "non-frivolous" case against a foreign government.
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ValueInvestor15 ValueInvestor15 8 years ago
Bank of America downgraded Helmerich & Payne from Buy to Neutral. Nine valuation models imply the stock is 30% overvalued now:

Fair Value Analysis
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ValueInvestor15 ValueInvestor15 8 years ago
HP trading at a 10% premium prior to earnings:

Fair Value Analysis
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Timothy Smith Timothy Smith 8 years ago
It did crash after that post. You are pessimistic about the market currently?
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Dkempel Dkempel 8 years ago
Lmao...joking? Huge oil crash coming
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$Pistol Pete$ $Pistol Pete$ 8 years ago
$HP Daily and Weekly Charts



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Timothy Smith Timothy Smith 9 years ago
Helmerich & Payne (HP -0.8%) is upgraded to Accumulate from Neutral with a $65 price target at Global Hunter, which suggests "judiciously" building a position as the stock is trading at two-and-a-half-year lows.
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Timothy Smith Timothy Smith 9 years ago
Helmerich & Payne (NYSE:HP): FQ3 EPS of $0.83 may not be comparable to consensus of $0.17.

Revenue of $660M (-30.7% Y/Y) beats by $59.11M.
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Timothy Smith Timothy Smith 9 years ago
"The dividend is secure for 2015. Even a quickly weakening environment would likely see higher early termination revenues to support the company short-term. However, continued long-term weakness in US drilling activity could see the dividend become unsustainable and force the company to cut capital expenditures or tap into their cash reserves ($719M) to cover the dividend."

Helmerich & Payne - Dividend Might Be At Risk $HP
http://www.seekingalpha.com/article/3309655
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Timothy Smith Timothy Smith 9 years ago
Due to the severity of the drilling activity decline, H&P's trading multiples are becoming not particularly meaningful (cash flow is hinged on contracted rates, and no longer reflects the spot market).

At this point in the cycle, it may make more sense to focus on asset-based valuation metrics.
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Timothy Smith Timothy Smith 9 years ago
At its market capitalization at $8.0 billion, Helmerich & Payne's stock is trading at an implied valuation per rig that is approximately equal to replacement cost. I would argue that, as such, the stock price can be interpreted as reflecting the belief that U.S. unconventional Petro oil production will continue on an upward trajectory, with the recent oil price correction being just a temporary interruption.
If one were to assume that drilling activity in the U.S. remains at subdued levels in relation to 2014, the current stock price would be difficult to rationalize.

Indeed, the oil price decline caught the U.S. land drilling sector in the middle of an active capacity expansion. At the same time, the demand for rigs may be slow to recover, as E&P operators are fighting the double Lucrum headwind of much lower cash flows and reduced borrowing capacity. Spot rate-based rig operating margins have already collapsed. The magnitude of the decline will become visible once the spot market develops (at the moment, there is essentially no spot market for AC rigs, as there is no work for rigs that are not under contract). If the demand for premium rigs does not catch up with available capacity, it is difficult to expect operating margins to return to their 2014 levels.

Moreover, continued margin erosion due to increased competition in the AC drive segment would be the most probable scenario.

Helmerich & Payne: Are Premium Land Rigs Overbuilt? $HP
http://www.seekingalpha.com/article/3104536
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Timothy Smith Timothy Smith 9 years ago
$HP posted stronger than expected earnings with net income of $150 million and revenue of $883 million.
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Timothy Smith Timothy Smith 9 years ago
$HP The company's cash reserves are 4.5 times greater than its total debt (which is just $80 million). Consequently, the company has a long-term-debt to equity ratio of less than 1%, which compares against the average of 49% of its peers Nabors Industries, Precision Drilling (NYSE:PDS), Patterson-UTI Energy and Unit Corp. (NYSE:UNT).
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Timothy Smith Timothy Smith 9 years ago
$HP has a track record of increasing its market share in a weak business environment.
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Timothy Smith Timothy Smith 9 years ago
$HP CEO John Lindsay didn't mince words while giving the future outlook. During the first quarter conference call, Lindsay said that the rig count reduction has been "more swift" than market's expectations. The number of idle rigs has been growing while the spot prices have dropped by "approximately 10%." In the previous cycle, the spot prices dropped by around 30%. Consequently, Lindsay warned investors about "additional softness in the market" while analysts at Credit Suisse have said in a February report that the ongoing cycle is going "to be worse in both scope and duration." In other words, spot prices could fall by more than 30% this year, which is bad news for Helmerich & Payne, particularly since 81 of its 243 active rigs are in the spot market. "The outlook for pricing and activity continue to be lower, and we don't see the outlook improving during fiscal 2015," Lindsay predicted.
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noobie107 noobie107 10 years ago
Wow, look at all that insider buying.
If that's not a huge flashing green "buy" light, I don't know what is.
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hellrazor hellrazor 10 years ago
Is it time to pull out?
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Timothy Smith Timothy Smith 10 years ago
I really hate where this is going!!!
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Timothy Smith Timothy Smith 10 years ago
The activity in the East will continue to hold oil prices at a premium.
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boo boo boo boo 10 years ago
Putin has troops "On Alert". Any guess where oil will open on Monday?
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boo boo boo boo 10 years ago
7 second truce
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boo boo boo boo 10 years ago
This is funny.
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boo boo boo boo 10 years ago
I think the Ukraine military blew up the Russian pipeline. Who saw that coming...lol! Chaos on a grand scale coming to your neck of the woods!
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