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Helmerich & Payne (HP)
NYSE:HP
Helmerich & Payne (HP) Stock Price & Analysis
826 Followers
HP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$29.21 - $45.51
Previous Close$39.03
Volume199.45K
Average Volume (3M)1.12M
Market Cap
$3.79B
Enterprise Value$4.10B
Total Cash (Recent Filing)$298.23M
Total Debt (Recent Filing)$545.29M
Price to Earnings (P/E)11.2
Beta1.42
Next Earnings
Jul 24, 2024EPS Estimate
$0.8Next Dividend Ex-Date
May 16, 2024Dividend Yield4.64%
Share Statistics
EPS (TTM)3.48
Shares Outstanding98,724,737
10 Day Avg. Volume1,028,146
30 Day Avg. Volume1,120,534
Standard Deviation0.16
R-Squared0.25
Alpha-0.00390
Financial Highlights & Ratios
Price to Book (P/B)1.44
Price to Sales (P/S)5.65
Price to Cash Flow (P/CF)5.50
P/FCF Ratio23.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.45
Enterprise Value/Gross Profit3.71
Enterprise Value/Ebitda4.17
Forecast
1Y Price Target
$43.43Price Target Upside13.22% Upside
Rating ConsensusHold
Number of Analyst Covering8
Helmerich & Payne News
Bulls Say, Bears Say
Bulls Say
EarningsHP delivered a strong financial performance with a robust first quarter report and a promising second quarter outlook, showcasing the company's resilience in a challenging economic environment.
Financial StrategyHP is committed to rewarding shareholders, illustrated by its significant capital return through a base plus supplemental dividend and a share repurchase program, emphasizing the company's healthy cash flow.
International ExpansionHP's international presence is set to expand, with the company doubling its active rig count in the Middle East, signaling a strategic growth in a key overseas market.
Bears Say
Contract UncertaintyThe uncertainty surrounding the finalization of contracts for 7 rigs, alongside rumors of Aramco reducing its spending, raises concerns over the potential collapse of these deals.
International OperationsDisappointing international results, exacerbated by a foreign exchange loss in Argentina and increased costs for rigs and expatriate labor, could weigh heavily on future earnings.
Stock PerformanceThe stock's performance dipped significantly compared to the Oil Services ETF (OIH) following an earnings miss, signaling a loss of investor confidence.
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Ownership Overview
6.48% Insiders
33.73% Mutual Funds
59.28% Other Institutional Investors
0.51% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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HP FAQ
What was Helmerich & Payne’s price range in the past 12 months?
Helmerich & Payne lowest stock price was $29.21 and its highest was $45.51 in the past 12 months.
What is Helmerich & Payne’s market cap?
Currently, no data Available
When is Helmerich & Payne’s upcoming earnings report date?
Helmerich & Payne’s upcoming earnings report date is Jul 24, 2024 which is in 70 days.
How were Helmerich & Payne’s earnings last quarter?
Helmerich & Payne released its earnings results on Apr 24, 2024. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.849 by -$0.009.
Is Helmerich & Payne overvalued?
According to Wall Street analysts Helmerich & Payne’s price is currently Undervalued.
Does Helmerich & Payne pay dividends?
Helmerich & Payne pays a Quarterly dividend of $0.42 which represents an annual dividend yield of 4.64%. See more information on Helmerich & Payne dividends here
What is Helmerich & Payne’s EPS estimate?
Helmerich & Payne’s EPS estimate is $0.8.
How many shares outstanding does Helmerich & Payne have?
Helmerich & Payne has 98,724,740 shares outstanding.
What happened to Helmerich & Payne’s price movement after its last earnings report?
Helmerich & Payne reported an EPS of $0.84 in its last earnings report, missing expectations of $0.849. Following the earnings report the stock price went down -4.69%.
Which hedge fund is a major shareholder of Helmerich & Payne?
Among the largest hedge funds holding Helmerich & Payne’s share is Fisher Asset Management LLC. It holds Helmerich & Payne’s shares valued at 48M.
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Helmerich & Payne Stock Smart Score
Neutral
1
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10
Analyst Consensus
Hold
Average Price Target:
$43.43 (13.22% Upside)
$43.43 (13.22% Upside)
Blogger Sentiment
Bullish
HP Sentiment 80%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 181.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 1.6%
Last 30 Days ▲ 1.0%
Last 30 Days ▲ 1.0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
31.73%
12-Months-Change
Fundamentals
Return on Equity
12.52%
Trailing 12-Months
Asset Growth
1.35%
Trailing 12-Months
Company Description
Helmerich & Payne
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. The U.S. Land segment operates its drilling business primarily in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Mississippi, Pennsylvania, Ohio, Utah, New Mexico, Montana, North Dakota, West Virginia and Nevada. The Offshore segment conducts its business in the Gulf of Mexico and Equatorial Guinea. The International Land segment operates in six international locations including Ecuador, Colombia, Argentina, Bahrain, United Arab Emirates, and Mozambique. The Helmerich and Payne Technologies segment focuses on developing, promoting and commercializing technologies designed to improve the efficiency and accuracy of drilling operations, as well as wellbore quality and placement. The company was founded by Walter Helmerich Hugo II and William Payne in 1920 and is headquartered in Tulsa, OK.
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HP Earnings Call
Q2 2024
0:00 / 0:00
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HP Stock 12 Month Forecast
Average Price Target
$43.43
▲(13.22% Upside)
Technical Analysis
Best Analysts Covering HP
1 Year
1 Year Success Rate
13/27 ratings generated profit
1 Year Average Return
+4.62%
reiterated a buy rating last month
Copying Charles Minervino's trades and holding each position for 1 Year would result in 48.15% of your transactions generating a profit, with an average return of +4.62% per trade.
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