Helmerich & Payne Company Profile (NYSE:HP)

About Helmerich & Payne

Helmerich & Payne logoHelmerich & Payne, Inc. is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company's contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology. Its real estate investments are located within Tulsa, Oklahoma, and include a shopping center containing approximately 441,000 leasable square feet, multi-tenant industrial warehouse properties containing approximately one million leasable square feet and approximately 210 acres of undeveloped real estate. The Company provides drilling rigs, equipment, personnel and camps on a contract basis. The Company's subsidiaries include Helmerich & Payne International Drilling Co. and Helmerich & Payne de Venezuela, C.A.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Drilling & Exploration
  • Sub-Industry: Oil & Gas Drilling
  • Exchange: NYSE
  • Symbol: HP
  • CUSIP: 42345210
Key Metrics:
  • Previous Close: $68.77
  • 50 Day Moving Average: $73.29
  • 200 Day Moving Average: $69.05
  • 52-Week Range: $52.11 - $85.78
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 293.61
  • P/E Growth: -4.70
  • Market Cap: $7.33B
  • Outstanding Shares: 108,563,000
  • Beta: 1.15
Profitability:
  • Net Margins: -7.17%
  • Return on Equity: -3.34%
  • Return on Assets: -2.25%
Debt:
  • Debt-to-Equity Ratio: 0.11%
  • Current Ratio: 5.04%
  • Quick Ratio: 4.60%
Additional Links:
Companies Related to Helmerich & Payne:

Analyst Ratings

Consensus Ratings for Helmerich & Payne (NYSE:HP) (?)
Ratings Breakdown: 4 Sell Ratings, 16 Hold Ratings, 6 Buy Ratings
Consensus Rating:Hold (Score: 2.08)
Consensus Price Target: $69.22 (2.50% upside)

Analysts' Ratings History for Helmerich & Payne (NYSE:HP)
Show:
DateFirmActionRatingPrice TargetDetails
2/24/2017Bank of America CorpUpgradeNeutral -> BuyView Rating Details
1/27/2017Jefferies Group LLCReiterated RatingUnderperform$60.00 -> $55.00View Rating Details
1/27/2017Goldman Sachs Group, Inc. (The)Lower Price TargetNeutral$67.00 -> $65.00View Rating Details
1/18/2017SunTrust Banks, Inc.Initiated CoverageBuy$70.00View Rating Details
1/12/2017BMO Capital MarketsReiterated RatingSell$54.00View Rating Details
1/9/2017ArgusUpgradeHold -> Buy$92.00View Rating Details
12/16/2016Royal Bank of CanadaDowngradeOutperform -> Sector Perform$83.00 -> $94.00View Rating Details
12/16/2016RBC Capital MarketsDowngradeOutperform -> Sector Perform$83.00 -> $94.00View Rating Details
12/6/2016GuggenheimDowngradeBuy -> NeutralView Rating Details
12/1/2016Sanford C. BernsteinInitiated CoverageMarket Perform$87.00View Rating Details
12/1/2016Seaport Global SecuritiesDowngradeAccumulate -> Neutral$69.00 -> $77.00View Rating Details
11/18/2016NomuraSet Price TargetBuy$71.00View Rating Details
11/18/2016Credit Suisse GroupReiterated RatingSell$53.00View Rating Details
10/5/2016Citigroup Inc.Reiterated RatingHold -> Neutral$63.00 -> $72.00View Rating Details
9/15/2016DA DavidsonInitiated CoverageBuy$72.00View Rating Details
9/6/2016Morgan StanleyUpgradeUnderweight -> Equal Weight$70.00 -> $80.00View Rating Details
8/4/2016SimmonsReiterated RatingNeutral$54.00 -> $50.00View Rating Details
7/29/2016J P Morgan Chase & CoReiterated RatingSell$39.00View Rating Details
7/29/2016FBR & CoLower Price TargetMarket Perform$66.00 -> $58.00View Rating Details
6/21/2016KeyCorpUpgradeSector Weight -> Overweight$80.00View Rating Details
5/3/2016ScotiabankDowngradeOutperform -> Sector PerformView Rating Details
5/3/2016Howard WeilDowngradeSector Outperform -> Sector PerformView Rating Details
5/3/2016Cowen and CompanyBoost Price TargetMarket Perform$54.00 -> $58.00View Rating Details
4/4/2016Iberia CapitalBoost Price TargetSector Perform$53.00 -> $61.00View Rating Details
3/9/2016Susquehanna Bancshares IncBoost Price TargetNeutral$53.00 -> $63.00View Rating Details
3/7/2016StephensDowngradeOverweight -> Equal WeightView Rating Details
1/8/2016MacquarieDowngradeNeutral -> UnderperformView Rating Details
12/14/2015KLR GroupInitiated CoverageBuy$78.00View Rating Details
11/16/2015Evercore ISIDowngradeBuy -> Hold$58.00 -> $49.00View Rating Details
10/8/2015Scotia Howard WeillUpgradeSector OutperformView Rating Details
9/9/2015Tudor PickeringDowngradeAccumulate -> HoldView Rating Details
4/22/2015Edward JonesDowngradeHold -> SellView Rating Details
(Data available from 2/25/2015 forward)

Earnings

Earnings History for Helmerich & Payne (NYSE:HP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017        
1/26/2017Q117($0.36)($0.41)$332.26 million$369.00 millionViewListenView Earnings Details
11/17/2016Q416($0.42)($0.33)$304.26 million$332.00 millionViewListenView Earnings Details
7/28/2016Q316($0.41)($0.47)$298.71 million$366.50 millionViewListenView Earnings Details
5/2/2016Q2($0.18)$0.19$398.26 million$438.00 millionViewListenView Earnings Details
1/28/2016Q116($0.07)$0.15$457.80 million$553.80 millionViewListenView Earnings Details
11/12/2015Q415$0.05$0.04$521.82 million$659.70 millionViewListenView Earnings Details
7/30/2015Q315$0.17$0.27$600.89 million$659.70 millionViewListenView Earnings Details
4/23/2015Q215$0.79$0.96$764.90 million$883.05 millionViewListenView Earnings Details
1/29/2015Q115$1.55$1.85$1,000.00 million$977.31 millionViewListenView Earnings Details
11/13/2014Q414$1.67$1.67$978.45 million$985.00 millionViewListenView Earnings Details
7/31/2014Q314$1.63$1.75$942.13 million$952.10 millionViewListenView Earnings Details
4/24/2014Q214$1.48$1.59$888.35 million$893.40 millionViewListenView Earnings Details
1/30/2014Q114$1.46$1.59$866.70 million$889.20 millionViewListenView Earnings Details
11/14/2013Q413$1.41$1.47$845.85 million$864.50 millionViewListenView Earnings Details
7/26/2013Q3 2013$1.34$1.38$844.15 million$838.30 millionViewListenView Earnings Details
4/25/2013Q2 2013$1.29$1.39$824.99 million$844.57 millionViewListenView Earnings Details
1/31/2013Q1 2013$1.29$1.32$826.61 million$829.45 millionViewListenView Earnings Details
11/15/2012Q412$1.24$1.39$812.75 million$829.79 millionViewN/AView Earnings Details
7/27/2012$1.16$1.38ViewN/AView Earnings Details
4/26/2012$1.21$1.20ViewN/AView Earnings Details
1/31/2012$1.15$1.32ViewN/AView Earnings Details
11/17/2011$1.05$1.11ViewN/AView Earnings Details
7/29/2011$0.98$1.01ViewN/AView Earnings Details
4/28/2011$0.97$0.93ViewN/AView Earnings Details
1/27/2011$0.82$0.94ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Helmerich & Payne (NYSE:HP)
Current Year EPS Consensus Estimate: $-1.22 EPS
Next Year EPS Consensus Estimate: $0.23 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20169($0.29)$0.23($0.11)
Q2 20167($0.36)($0.04)($0.21)
Q3 20167($0.52)$0.04($0.36)
Q4 20168($0.50)($0.24)($0.38)
Q1 20178($0.36)$0.15($0.22)
Q2 20177($0.37)$0.22($0.22)
Q3 20177($0.34)$0.31($0.15)
Q4 20176($0.24)$0.01($0.15)
Q1 20183($0.17)($0.05)($0.12)
Q2 20183($0.08)$0.01($0.04)
Q3 20183($0.02)$0.12$0.07
Q4 20183$0.06$0.29$0.19
Q1 20191$0.12$0.12$0.12
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Helmerich & Payne (NYSE:HP)
Annual Dividend:$2.80
Dividend Yield:4.15%
Dividend Growth:17.10% (3 Year Average)
Payout Ratio:-274.51% (Based on Trailing 12 Months of Earnings)
-229.51% (Based on Current Year Consensus EPS Estimate)
1,217.39% (Based on Next Year Consensus EPS Estimate)
Track Record:44 Years of Consecutive Dividend Growth

Dividend History for Helmerich & Payne (NYSE:HP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
12/7/2016Quarterly$0.702/9/20172/13/20173/1/2017
9/8/2016Quarterly$0.7011/8/201611/11/201612/1/2016
6/1/2016Quarterly$0.708/11/20168/15/20169/1/2016
3/3/2016$0.695/11/20165/13/20166/1/2016
12/1/2015$0.692/10/20162/15/20163/1/2016
9/3/2015$0.6911/10/201511/13/201512/1/2015
6/5/2015quarterly$0.693.73%8/12/20158/14/20159/1/2015
3/5/2015quarterly$0.694.04%5/13/20155/15/20156/1/2015
12/4/2014quarterly$0.693.99%2/11/20152/13/20153/2/2015
9/4/2014quarterly$0.692.68%11/12/201411/14/201412/1/2014
6/4/2014quarterly$0.692.47%8/13/20148/15/20149/2/2014
3/7/2014quarterly$0.632.49%5/13/20145/15/20146/2/2014
12/5/2013quarterly$0.633.12%2/12/20142/14/20143/3/2014
9/6/2013quarterly$0.503.11%11/13/201311/15/201312/2/2013
6/5/2013quarterly$0.503.2%8/13/20138/15/20138/30/2013
3/8/2013quarterly$0.150.93%5/13/20135/15/20135/31/2013
12/4/2012quarterly$0.152/15/20133/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Helmerich & Payne (NYSE:HP)
Insider Ownership Percentage: 4.23%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/29/2016Robert L StauderVPSell7,807$77.76$607,072.32View SEC Filing  
12/12/2016John W LindsayCEOSell25,000$83.36$2,084,000.00View SEC Filing  
12/9/2016Juan Pablo TardioCFOSell36,000$81.31$2,927,160.00View SEC Filing  
12/8/2016Robert L StauderVPSell44,501$81.24$3,615,261.24View SEC Filing  
12/1/2016Hans HelmerichDirectorSell44,587$76.60$3,415,364.20View SEC Filing  
11/30/2016Chapman Paula MarshallDirectorSell4,405$75.82$333,987.10View SEC Filing  
11/30/2016John W LindsayCEOSell23,000$70.05$1,611,150.00View SEC Filing  
11/29/2016John W LindsayCEOSell10,000$67.41$674,100.00View SEC Filing  
9/30/2016John R BellInsiderSell9,000$66.35$597,150.00View SEC Filing  
9/30/2016John W LindsayCEOSell15,000$67.45$1,011,750.00View SEC Filing  
6/9/2016John W LindsayCEOSell19,000$67.37$1,280,030.00View SEC Filing  
3/30/2016Juan Pablo TardioCFOSell12,497$58.28$728,325.16View SEC Filing  
3/21/2016Hans HelmerichDirectorSell40,000$60.88$2,435,200.00View SEC Filing  
9/25/2015Gordon K HelmVPBuy4,000$47.01$188,040.00View SEC Filing  
6/26/2014Gordon K HelmVPSell3,137$115.29$361,664.73View SEC Filing  
6/12/2014John W LindsayCEOSell4,181$112.92$472,118.52View SEC Filing  
3/31/2014Hans HelmerichDirectorSell40,000$107.34$4,293,600.00View SEC Filing  
3/27/2014John LindsayCEOSell7,058$107.73$760,358.34View SEC Filing  
3/14/2014Hans HelmerichDirectorSell40,000$97.82$3,912,800.00View SEC Filing  
3/7/2014Steven MackeyInsiderSell23,000$100.54$2,312,420.00View SEC Filing  
2/19/2014John LindsayCOOSell5,573$94.33$525,701.09View SEC Filing  
2/5/2014Juan Pablo TardioCFOSell25,250$85.04$2,147,260.00View SEC Filing  
12/19/2013Gordon HelmVPSell8,374$81.21$680,052.54View SEC Filing  
12/16/2013John LindsayCOOSell9,172$80.73$740,455.56View SEC Filing  
12/3/2013Thomas PetrieDirectorBuy1,700$79.52$135,184.00View SEC Filing  
11/20/2013Gordon HelmVPSell8,773$78.98$692,891.54View SEC Filing  
11/20/2013Steven MackeyInsiderSell30,750$79.12$2,432,940.00View SEC Filing  
9/24/2013Hans HelmerichCEOSell50,000$69.08$3,454,000.00View SEC Filing  
9/20/2013Steven MackeyInsiderSell34,750$70.29$2,442,577.50View SEC Filing  
9/19/2013John LindsayCOOSell9,000$70.53$634,770.00View SEC Filing  
5/17/2013John W LindsayCOOSell10,000$64.77$647,700.00View SEC Filing  
3/19/2013Donald F Robillard JrDirectorBuy2,000$62.64$125,280.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Helmerich & Payne (NYSE:HP)
DateHeadline
finance.yahoo.com logoHelmerich & Payne upgraded by BofA/Merrill (NYSE:HP)
finance.yahoo.com - February 24 at 7:01 PM
thestreet.com logoJim Cramer -- Helmerich & Payne Deserves Its Upgrade (NYSE:HP)
www.thestreet.com - February 24 at 7:01 PM
thestreet.com logoDow Keeps Record-Breaking Streak Intact With Day 10 of All-Time Highs (NYSE:HP)
www.thestreet.com - February 23 at 10:45 PM
thestreet.com logoDow on Track for More Records as Oil Gives Lift to Stock Futures (NYSE:HP)
us.rd.yahoo.com - February 23 at 5:43 PM
News IconTechnical Roundup On Two Stocks Helmerich & Payne, Inc. (HP ... - Post Analyst (NYSE:HP)
postanalyst.com - February 23 at 3:56 AM
News IconFiscal Year Earnings Estimate on Helmerich & Payne, Inc.(HP) - Money Flow Index & Trends (NYSE:HP)
www.moneyflowtrends.com - February 23 at 3:56 AM
News IconToday's Brokerage Rating: AMN Healthcare Services, Inc. (AMN), Helmerich & Payne, Inc. (HP) - StockNewsJournal (NYSE:HP)
stocknewsjournal.com - February 23 at 3:56 AM
seekingalpha.com logoA Reassessment Of Helmerich & Payne - Seeking Alpha (NYSE:HP)
seekingalpha.com - February 23 at 3:56 AM
News IconAnalyst's Indicator Review for Helmerich & Payne, Inc. (HP), BankUnited, Inc. (BKU) - The USA Commerce (NYSE:HP)
theusacommerce.com - February 17 at 3:23 PM
News IconAnalyst's Indicator Review for Pitney Bowes Inc. (PBI), Helmerich & Payne, Inc. (HP) - The USA Commerce (NYSE:HP)
theusacommerce.com - February 17 at 3:23 PM
News IconDividend Growth of Helmerich & Payne, Inc.(HP) – Hignland Mirror - Highland Mirror (NYSE:HP)
www.highlandmirror.com - February 17 at 3:23 PM
moodys.com logoHelmerich & Payne Intl. Drilling Co. -- Moody's affirms Helmerich & Payne's Baa1 rating; negative outlook (NYSE:HP)
www.moodys.com - February 17 at 3:23 PM
seekingalpha.com logoHelmerich & Payne Shows Signs Of Life - Seeking Alpha (NYSE:HP)
seekingalpha.com - February 13 at 11:46 PM
nasdaq.com logoHelmerich & Payne, Inc. (HP) Ex-Dividend Date Scheduled for February 09, 2017 - Nasdaq (NYSE:HP)
www.nasdaq.com - February 10 at 11:28 PM
marketrealist.com logoWhat Are Analysts’ Forecasts for Patterson-UTI Energy? (NYSE:HP)
marketrealist.com - February 10 at 6:27 PM
fool.com logoA Close Look at Helmerich & Payne, Inc.'s Dividend Potential (NYSE:HP)
www.fool.com - February 10 at 6:27 PM
finance.yahoo.com logoHELMERICH & PAYNE, INC. Financials (NYSE:HP)
finance.yahoo.com - February 9 at 6:37 PM
fool.com logoA Close Look at Helmerich & Payne, Inc.'s Dividend Potential (NYSE:HP)
www.fool.com - February 9 at 3:24 PM
biz.yahoo.com logoHELMERICH & PAYNE, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NYSE:HP)
biz.yahoo.com - February 8 at 6:23 PM
marketrealist.com logoWhy Is Seadrill the Outlier among High Volatility OFS Stocks? (NYSE:HP)
marketrealist.com - February 8 at 6:23 PM
News IconHelmerich & Payne Inc (HP): What you have to know before buying for the upcoming dividend (NYSE:HP)
simplywall.st - February 5 at 5:30 PM
fool.com logo1 Energy Stock With a Better Dividend Than Helmerich & Payne, Inc. - Motley Fool (NYSE:HP)
www.fool.com - February 4 at 5:47 PM
fool.com logoHelmerich & Payne, Inc.'s Most Disappointing Business Segment in 2016 - Motley Fool (NYSE:HP)
www.fool.com - February 4 at 5:47 PM
fool.com logo1 Energy Stock With a Better Dividend Than Helmerich & Payne, Inc. (NYSE:HP)
www.fool.com - February 3 at 12:30 PM
News IconHelmerich & Payne, Inc.'s Most Disappointing Business Segment in 2016 (NYSE:HP)
host.madison.com - February 2 at 6:24 PM
capitalcube.com logoETFs with exposure to Helmerich & Payne, Inc. : February 2, 2017 (NYSE:HP)
www.capitalcube.com - February 2 at 6:24 PM
forbes.com logoHelmerich & Payne Reaches Analyst Target Price (NYSE:HP)
www.forbes.com - February 1 at 10:39 AM
News IconHelmerich & Payne, Inc. (HP) : Checking the Chart - The USA Commerce (NYSE:HP)
theusacommerce.com - February 1 at 12:54 AM
fool.com logoHow Risky Is Helmerich & Payne, Inc.? - Motley Fool (NYSE:HP)
www.fool.com - February 1 at 12:54 AM
fool.com logoHelmerich & Payne's Management Couldn't Be More Excited for America's Oil Industry in 2017 (NYSE:HP)
www.fool.com - January 31 at 12:40 PM
fool.com logoHow Risky Is Helmerich & Payne, Inc.? (NYSE:HP)
www.fool.com - January 31 at 11:03 AM
nasdaq.com logoHelmerich & Payne Stock Getting Very Oversold - Nasdaq - Nasdaq (NYSE:HP)
www.nasdaq.com - January 31 at 4:27 AM
News IconTaking a Fresh Look at Helmerich & Payne Inc (NYSE:HPQ) - StockNewsJournal (NYSE:HP)
stocknewsjournal.com - January 31 at 4:27 AM
fool.com logoWill Helmerich & Payne, Inc. Raise Its Dividend in 2017? (NYSE:HP)
www.fool.com - January 28 at 9:39 AM
News IconEarnings in Full Force, Analysts Take Aim at Helmerich & Payne, Inc. (NYSE:HP) - Wall Street Beacon (NYSE:HP)
wsbeacon.com - January 28 at 1:03 AM
News IconThe Technical Facts on Helmerich & Payne, Inc. (HP) - The USA Commerce (NYSE:HP)
theusacommerce.com - January 28 at 1:03 AM
capitalcube.com logoHelmerich & Payne, Inc. breached its 50 day moving average in a Bearish Manner : HP-US : January 27, 2017 (NYSE:HP)
us.rd.yahoo.com - January 27 at 7:39 PM
capitalcube.com logoHelmerich & Payne, Inc. :HP-US: Earnings Analysis: Q1, 2017 By the Numbers : January 27, 2017 (NYSE:HP)
us.rd.yahoo.com - January 27 at 7:39 PM
fool.com logoThe First Signs of a Rapid Shale Recovery Showed Up in Helmerich & Payne's Earnings Report (NYSE:HP)
www.fool.com - January 27 at 10:43 AM
rttnews.com logoEARNINGS SUMMARY: Details of Helmerich & Payne Inc. Q1 Earnings Report (NYSE:HP)
www.rttnews.com - January 27 at 5:24 AM
us.rd.yahoo.com logoHelmerich & Payne, Inc. Announces First Quarter Results (NYSE:HP)
us.rd.yahoo.com - January 27 at 5:24 AM
biz.yahoo.com logoHELMERICH & PAYNE, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and E (NYSE:HP)
us.rd.yahoo.com - January 27 at 5:24 AM
finance.yahoo.com logoEdited Transcript of HP earnings conference call or presentation 26-Jan-17 4:00pm GMT (NYSE:HP)
finance.yahoo.com - January 27 at 12:22 AM
News IconHelmerich & Payne, Inc. (NYSE:HP) to Post $-0.37 Earnings Per Share: Analysts - Wall Street Beacon (NYSE:HP)
wsbeacon.com - January 26 at 7:22 PM
sg.finance.yahoo.com logoHelmerich & Payne reports 1Q loss (NYSE:HP)
sg.finance.yahoo.com - January 26 at 7:22 PM
biz.yahoo.com logoQ1 2017 Helmerich and Payne Inc Earnings Release - Before Market Open (NYSE:HP)
biz.yahoo.com - January 26 at 7:22 PM
finance.yahoo.com logoHelmerich & Payne (HP) Q1 Loss Wider Than Expected (NYSE:HP)
finance.yahoo.com - January 26 at 7:22 PM
finance.yahoo.com logoHelmerich & Payne (HP) Posts Wider-Than-Expected Q1 Loss (NYSE:HP)
finance.yahoo.com - January 26 at 7:22 PM
biz.yahoo.com logoHelmerich and Payne Inc Earnings Call scheduled for 11:00 am ET today (NYSE:HP)
biz.yahoo.com - January 26 at 7:22 PM
News IconWhat is the Street Saying About Helmerich & Payne, Inc. (NYSE:HP ... - Aiken Advocate (NYSE:HP)
aikenadvocate.com - January 26 at 12:08 AM

Social

What is Helmerich & Payne's stock symbol?

Helmerich & Payne trades on the New York Stock Exchange (NYSE) under the ticker symbol "HP."

How often does Helmerich & Payne pay dividends? What is the dividend yield for Helmerich & Payne?

Helmerich & Payne announced a quarterly dividend on Wednesday, December 7th. Stockholders of record on Monday, February 13th will be paid a dividend of $0.70 per share on Wednesday, March 1st. This represents a $2.80 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Thursday, February 9th.

Where is Helmerich & Payne's stock going? Where will Helmerich & Payne's stock price be in 2017?

26 brokers have issued 12 month price targets for Helmerich & Payne's shares. Their forecasts range from $39.00 to $94.00. On average, they expect Helmerich & Payne's stock price to reach $69.22 in the next year.

When will Helmerich & Payne announce their earnings?

Helmerich & Payne is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.

What are analysts saying about Helmerich & Payne stock?

Here are some recent quotes from research analysts about Helmerich & Payne stock:

  • According to Zacks Investment Research, "Despite coming out with higher-than-expected first-quarter loss, the improving outlook in the U.S. land market is set to provide Helmerich & Payne with exciting opportunities to redeploy its technologically-advanced FlexRigs. With domestic rig count moving higher quickly, the drilling contractor is optimistic about getting leading-edger dayrates. As it is, we believe the FlexRigs will continue to benefit from the shift to complex onshore plays that require highly intensive solutions. Importantly, the company's healthy financial position means that its dividend is safe and sustainable. However, we are taking a cautious stance on the company as weak international activity would negatively impact Helmerich & Payne’s financials during the next few quarters." (1/31/2017)

  • Jefferies Group LLC analysts commented, "Our long-term concerns on HP (and US Land Drillers) are reinforced as (1) HP's 217 Flex 3s remain competitive, suggesting the industry may have up to 1,200 good shale rigs ' which likely delays pricing recovery, (2) HP's $350MM 2017E Capex suggests upgrade capex can impact FCF, (3) rigs look less differentiated vs. the prior cycle, which should erode HP's historical pricing premium. We lower our PT to $55 on lower 2017E EBITDA and higher Capex; maintain UNPF." (1/27/2017)
  • Credit Suisse Group analysts commented, "We tweak our 2017/18 EBITDA estimates to $292M/$304M (from $281M/$293M). We maintain our Underperform rating and raise our PT to $53 (from $52). …but Moving in the Wrong Direction. In US land, while HP expects revenue days +20% q/q in F1Q17 (we model US horizontal rig count +17% q/q), it guided to an average daily margin -16% q/q ($9.3K from $11.1K) driven by (1) a higher mix of rigs on spot market vs. term contracts and (2) rigs moving to full operating mode from standby, which clearly carries a higher cost burden. Evidently the incremental dayrate is not sufficient to offset by incremental costs." (11/18/2016)

  • Morgan Stanley analysts commented, "Data points from our conference suggest relative tightness in pockets of the high-spec rig market — notably Texas and Oklahoma — where HP has outsized share," analyst Ole Slorer wrote in a note."We see no reason to believe that HP will not share in these respective gains given its premium reputation and current ~25 percent share of working rigs in these regions," Slorer continued.The analyst believes the company's activity data and earnings momentum to be "meaningfully better" than the sector at large and sees near-term outperformance in shares.Related Link: Standpoint Research Shines A Light On 2 Solar StocksFurther, Slorer said the Street's bearish stance on the stock on valuation is overdone as its net cash position and dividend support limits its bear case. That said, the analyst acknowledged that other names within the land drilling vertical could outperform HP longer-term due to higher financial leverage."We believe HP is a relative EW within the sector — similar to RES, we believe it offers an 'easy' way to play the US land theme without taking meaningful balance sheet risk," (9/6/2016)

  • J P Morgan Chase & Co analysts commented, "Peak Oil" Not Until 2035, Demand "Could Well Be Stronger" (4/15/2016)

Who owns Helmerich & Payne stock?

Helmerich & Payne's stock is owned by many different of retail and institutional investors. Top institutional investors include State Street Corp (5.47%), Dimensional Fund Advisors LP (2.41%), Investec Asset Management LTD (1.61%), FMR LLC (1.12%), NN Investment Partners Holdings N.V. (0.67%) and Kiltearn Partners LLP (0.64%). Company insiders that own Helmerich & Payne stock include Chapman Paula Marshall, Gordon K Helm, Hans Helmerich, John R Bell, John W Lindsay, Juan Pablo Tardio and Robert L Stauder.

Who sold Helmerich & Payne stock? Who is selling Helmerich & Payne stock?

Helmerich & Payne's stock was sold by a variety of institutional investors in the last quarter, including Kiltearn Partners LLP, Dimensional Fund Advisors LP, Janus Capital Management LLC, Edge Asset Management Inc., FMR LLC, AQR Capital Management LLC, Guggenheim Capital LLC and Franklin Resources Inc.. Company insiders that have sold Helmerich & Payne stock in the last year include Chapman Paula Marshall, Hans Helmerich, John R Bell, John W Lindsay, Juan Pablo Tardio and Robert L Stauder.

Who bought Helmerich & Payne stock? Who is buying Helmerich & Payne stock?

Helmerich & Payne's stock was acquired by a variety of institutional investors in the last quarter, including Investec Asset Management LTD, Federated Investors Inc. PA, Renaissance Technologies LLC, State Street Corp, Asset Management One Co. Ltd., NN Investment Partners Holdings N.V., Fred Alger Management Inc. and Investec Asset Management North America Inc..

How do I buy Helmerich & Payne stock?

Shares of Helmerich & Payne can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Helmerich & Payne stock cost?

One share of Helmerich & Payne stock can currently be purchased for approximately $67.53.

Helmerich & Payne (NYSE:HP) Chart for Saturday, February, 25, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

Earnings History Chart

Earnings by Quarter for Helmerich & Payne (NYSE:HP)

Dividend History Chart

Dividend Payments by Quarter for Helmerich & Payne (NYSE:HP)

Last Updated on 2/25/2017 by MarketBeat.com Staff