HP - Helmerich & Payne, Inc.
| Previous Close | 38.96 |
| Open | 39.53 |
| Bid | 39.75 x 900 |
| Ask | 39.76 x 800 |
| Day's Range | 39.27 - 39.86 |
| 52 Week Range | 38.78 - 73.74 |
| Volume | 251,957 |
| Avg. Volume | 1,451,790 |
| Market Cap | 4.359B |
| Beta (3Y Monthly) | 1.71 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.69 |
| Earnings Date | Nov 13, 2019 - Nov 18, 2019 |
| Forward Dividend & Yield | 2.84 (7.13%) |
| Ex-Dividend Date | 2019-08-09 |
| 1y Target Est | 54.30 |
- InvestorPlace
It Looks Like a Tough Quarter for Nvidia Stock Ahead of Earnings
From the beginning of June to late July, NVIDIA (NASDAQ:NVDA) was on the comeback trail. Nvidia stock went from $134 to $179 during this period.Source: Shutterstock Yet lately things have come undone. Of course, the overall market has been bearish and the situation with U.S.-China relations have deteriorated quickly. So yes, the Nvidia stock price has come under lots of pressure.In fact, for the past 12 months, the return is an awful -39%. This is certainly in stark contrast to the prior years when Nvidia could do no wrong.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo what now? Perhaps NVDA is an opportunity here? Well, on Thursday the company will report its results for the second quarter after the market closes, and this will certainly be an important one. * 15 Growth Stocks to Buy for the Long Haul Here's what the Street is looking for: * Revenues are forecasted to drop by 18% to $2.55 billion (keep in mind that the company's own estimate is for a range of $2.5 billion to $2.6 billion). * Earnings are expected to come to $1.14 per share.Even with the estimated decline on the top-line, NVDA still may have a challenge in beating the forecast. The data center business appears to still be languishing, especially given the impact from rival Advanced Micro Devices (NASDAQ:AMD). The gaming business also continues to have problems.Here's what Instinet analyst David Wong wrote:"With data-center (GPU) sales growing just 4% QoQ in the October 2018 quarter, then falling 14% sequentially in the January 2019 quarter and a further 7% QoQ in the April 2019 quarter (April 2019 down 10% YoY), we expect another YoY decline in data-center segment revenues in the July 2019 quarter and possibly again in the October 2019 quarter." Nvidia Stock Quarterly HighlightsNVDA definitely had an active quarter. Here are some of the notable announcements: * The company said that partners like Dell Technologies (NYSE:DELL), HP (NYSE:HPQ), Lenovo and BOXX will release ten new NVIDIA RTX Studio laptops and professional-grade mobile workstations. They will highlight new capabilities like real-time ray tracing, advanced AI and ultra-high-resolution video editing. * At the SIGGRAPH conference, NVDA announced that top software developers, such as Adobe (NASDAQ:ADBE) and Autodesk (NASDAQ:ADSK), have created over 40 applications for the RTX technology. * NVDA launched various new GPUs, including GeForce RTX 2060 SUPER, GeForce RTX 2070 SUPER and GeForce RTX 2080 SUPER, allowing for next-generation games. What's more, this core RTX technology will be used in the eagerly awaited game, Cyberpunk 2077 (it won over 100 awards at E3 2019). * The company entered a strategic alliance with Volvo Group for the development of autonomous trucks. * NVDA announced a breakthrough in AI language understanding, which should make it easier for businesses to engage with customer conversations. The company's AI platform can train one of the most sophisticated models, called BERT, in less than an hour -- making inferences in just over 2 milliseconds. Bottom Line on Nvidia StockThere's no doubt that NVDA has been prescient in leveraging its GPU expertise into markets beyond gaming, such as the data center and AI. The result is that the company has become a mega powerhouse in the chip industry.But the problem is that the competition is starting to take a toll. For example, companies like Qualcomm (NASDAQ:QCOM), Intel (NASDAQ:INTC), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and Amazon.com (NASDAQ:AMZN) are creating their own AI chips. There are also a myriad of startups, like Graphcore, that are gunning for the opportunity.In the meantime, the situation with US-China relations appears to be far from resolved. This is particularly troublesome for NVDA because it has about 23% exposure to China.So in light of all this, it's probably best to hold off on the stock ahead of this week's earnings report.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post It Looks Like a Tough Quarter for Nvidia Stock Ahead of Earnings appeared first on InvestorPlace.
- Business Wire
Helmerich & Payne, Inc. to Participate in the Susquehanna Energy, Industrials & Airline Conference in New York City and the Heikkinen Energy Conference in Houston, Texas
Helmerich & Payne, Inc. today announced that Dave Wilson, Director of Investor Relations, will attend the Susquehanna Energy, Industrials & Airline Conference on Tuesday, August 13, 2019 in New York City and the 2019 Heikkinen Energy Conference on Wednesday, August 14, 2019 in Houston, Texas.
- Simply Wall St.
Don't Race Out To Buy Helmerich & Payne, Inc. (NYSE:HP) Just Because It's Going Ex-Dividend
It looks like Helmerich & Payne, Inc. (NYSE:HP) is about to go ex-dividend in the next 4 days. If you purchase the...
- Schaeffer's Investment Research
2 Reasons to Short This Oil Stock in August
The equity is within striking distance of annual-low territory
Motley FoolHelmerich & Payne Inc (HP) Q3 2019 Earnings Call Transcript
HP earnings call for the period ending June 30, 2019.
- Thomson Reuters StreetEvents
Edited Transcript of HP earnings conference call or presentation 25-Jul-19 3:00pm GMT
Q3 2019 Helmerich and Payne Inc Earnings Call
- Motley Fool
2 Hated Dividend Stocks to Buy Now
These hated high-yield stocks have incredible dividend histories and conservative finances. Here's why you should love them
- Zacks
Oil Stocks Q2 Earnings Roster for Jul 29: RIG, NOV & MDR
The energy sector's second-quarter 2019 earnings and revenues are expected to decline 17.6% and 2.6%, respectively, from the year-ago period.
- Bloomberg
Shale Drilling's Worst Is Yet to Come, Biggest Rig Owner Says
(Bloomberg) -- America’s biggest owner of drilling rigs fell the most in seven months after the chief of Helmerich & Payne Inc. said he called the bottom too soon.Three months ago, when Helmerich had 220 of its rigs hired out, Chief Executive Officer John Lindsay told investors the second quarter would be the nadir for his fleet. But after the number of Helmerich rigs at work shrank to 214 a few weeks ago, Lindsay says his earlier projection was “premature.”“The full effect of the industry’s emphasis on disciplined capital spending continues to reverberate through the oil field services sector,” he said in a Wednesday statement. “We are reluctant to predict another bottom and see further softening during our fourth fiscal quarter as our guidance would indicate.”The hired hands of the shale patch who drill and frack wells are suffering from a slowdown in North American spending brought on by investor demands for higher returns. The U.S. oil rig count has fallen 11% this year, according to Baker Hughes.Fracking giant Halliburton Co. is eliminating jobs and warehousing equipment no one wants to rent. Superior Energy Services Inc. said earlier this week that it’s looking for ways to cut costs and may sell assets to raise cash. On Thursday, 28 of the 29 oil and gas industry stocks in the S&P 500 Index were falling.Hack AwayThe frack market “is a mess,” Brad Handler, an analyst at Jefferies LLC, wrote in a note to clients. “With every passing datapoint/call, there is little to suggest this market gets any better, and so we hack away at numbers again.”Helmerich’s smaller rival Patterson-UTI Energy Inc. also cut its forecast. The Houston-based contractor said in an earnings statement it expects to run 142 rigs on average during the third quarter, down 10% from the previous three-month period.“E&P companies are being extra vigilant this year in monitoring their spend due to commodity price volatility and the increased focus on spending within their budgets,” Andy Hendricks, chief executive officer at Patterson, said in the statement.Helmerich & Payne fell as much as 7.6% while Patterson dropped as much as 11% for its biggest tumble since February 2018.(Updates with share price movement beginning in first paragraph, adds analyst’s comment in sixth paragaph.)\--With assistance from Michael Bellusci.To contact the reporter on this story: David Wethe in Houston at dwethe@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Joe Carroll, Carlos CaminadaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Helmerich & Payne (HP) Beats Q3 Earnings and Sales Estimates
Higher-than-expected revenues from the U.S. Land unit and better-than-anticipated contribution from the Offshore segment buoy Helmerich & Payne's (HP) fiscal Q3 results.
- Zacks
Oil & Gas Drilling Industry Outlook Showing Signs of Improvement
Oil & Gas Drilling Industry Outlook Showing Signs of Improvement
- Motley Fool
If You're Retired, Consider Buying These 3 Energy Stocks
Oil and gas investments are out of favor today, but this trio stands out from the pack for safety and yield.
- Rigzone.com
Shale Drilling's Worst Yet to Come
America's biggest owner of drilling rigs fell the most in seven months after the chief of Helmerich & Payne Inc. said he called the bottom too soon.
- Zacks
Helmerich & Payne (HP) Tops Q3 Earnings and Revenue Estimates
Helmerich & Payne (HP) delivered earnings and revenue surprises of 14.29% and 0.73%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
Helmerich & Payne, Inc. Announces Third Quarter Fiscal 2019 Results
TULSA, Okla.-- -- Quarterly U.S. Land adjusted average rig revenue increased by more than $495 per day, up approximately 2% sequentially Quarterly U.S. Land adjusted average rig margin decreased by approximately $170 per day, down roughly 2% sequentially H&P upgraded 2 FlexRigs® to super-spec capacity during the third fiscal quarter of 2019 and received multi-year term contracts with attractive pricing ...
- Zacks
Helmerich & Payne (HP) to Report Q3 Earnings: What's Up?
While higher y/y contribution from the U.S Land unit is likely to fuel Helmerich and Payne's (HP) fiscal Q3 earnings, tepid performance from Offshore and International Land units may ail results.
- Zacks
Helmerich & Payne (HP) Reports Next Week: Wall Street Expects Earnings Growth
Helmerich & Payne (HP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Motley Fool
2 Great Stocks You Can Buy on Sale
These two energy industry stocks look cheap -- and they have solid balance sheets backing fat dividend yields.
- Market Realist
Alexa, Tech Companies Are Leaving China: Where Will They Go?
Global consumer tech companies are reportedly looking to move out of China amid the still unresolved trade war.
- Business Wire
Helmerich & Payne, Inc. Announces Fiscal Third Quarter 2019 Conference Call and Webcast
In conjunction with Helmerich & Payne, Inc.’s fiscal third quarter 2019 earnings release, you are invited to listen to its conference call that will be broadcast live over the Internet on Thursday, July 25, 2019, at 11:00 a.m.
- Simply Wall St.
A Look At The Intrinsic Value Of Helmerich & Payne, Inc. (NYSE:HP)
Does the July share price for Helmerich & Payne, Inc. (NYSE:HP) reflect what it's really worth? Today, we will...
- Investopedia
Q2 Earnings Poised for Best Growth Since 2010
If FactSet’s predictions prove true, the second quarter should be another strong one with earnings growth of more 20% expected for S&P 500 companies. FactSet noted that the earnings growth will still be below the 24.8% increase in earnings seen for the first three months of the year. “If the index does report growth of 23.2% for Q2 2018, it will mark the second consecutive quarter of earnings growth above 20% and the third consecutive quarter of double-digit earnings growth,” wrote John Butters, senior earnings analyst at FactSet, in a report.
- Business Wire
Helmerich & Payne, Inc. to Participate in the Simmons London Energy Summit
Helmerich & Payne, Inc. today announced that Mark Smith, Vice President and CFO, and Dave Wilson, Director of Investor Relations, will attend the Simmons London Energy Summit on Tuesday, June 25, 2019 in London, England.
