HP - Helmerich & Payne, Inc.

NYSE - NYSE Delayed Price. Currency in USD
20.60
+0.98 (+4.99%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close19.62
Open20.25
Bid0.00 x 1100
Ask0.00 x 800
Day's Range19.66 - 21.29
52 Week Range12.40 - 53.06
Volume4,048,497
Avg. Volume4,130,038
Market Cap2.213B
Beta (5Y Monthly)2.12
PE Ratio (TTM)N/A
EPS (TTM)-4.66
Earnings DateJul 22, 2020 - Jul 27, 2020
Forward Dividend & Yield1.92 (9.87%)
Ex-Dividend DateMay 08, 2020
1y Target Est19.43
  • GuruFocus.com

    2 Stocks to Watch Thursday

    Workday and HP move on financial results Continue reading...

  • Carl Icahn Takes Over $1.6 Billion Loss on Embattled Hertz
    GuruFocus.com

    Carl Icahn Takes Over $1.6 Billion Loss on Embattled Hertz

    Billionaire investor exits position as car rental company files for Chapter 11 bankruptcy Continue reading...

  • Insider Monkey

    The COVID-19 Crisis Can’t Sink Helmerich & Payne (HP) Stock

    Palm Valley Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of 0.79% for the quarter, outperforming its benchmark, the S&P Small Cap 600 Index which returned -32.65% in the same quarter. You should check out Palm Valley Capital’s top 5 stock picks […]

  • West Pharmaceutical Services Set to Join S&P 500; Physicians Realty Trust to Join S&P MidCap 400; Helmerich & Payne to Join S&P SmallCap 600
    PR Newswire

    West Pharmaceutical Services Set to Join S&P 500; Physicians Realty Trust to Join S&P MidCap 400; Helmerich & Payne to Join S&P SmallCap 600

    S&P; Dow Jones Indices will make the following changes to the S&P; 500, the S&P; MidCap 400 and S&P; SmallCap 600 effective prior to the open of trading on Friday, May 22:

  • Thomson Reuters StreetEvents

    Edited Transcript of HP earnings conference call or presentation 1-May-20 3:00pm GMT

    Q2 2020 Helmerich and Payne Inc Earnings Call

  • S&P 500 and Nasdaq Gain on Monday
    GuruFocus.com

    S&P 500 and Nasdaq Gain on Monday

    Coty shares sink as revenue declined due to pandemic Continue reading...

  • Why Is Anyone Drilling Shale at All These Days?
    Bloomberg

    Why Is Anyone Drilling Shale at All These Days?

    (Bloomberg Opinion) -- Amid a historic oil crash, frackers are ditching rigs at a rapid pace. The number of operating horizontal rigs stood at 338 on Friday. That’s down more than half since February, though still above the trough in early 2016. So, churlish as it may seem, it must be asked: Why is anyone still drilling shale right now?Speaking on an earnings call a month after petitioning the Texas Railroad Commission to impose supply cuts, Matt Gallagher, CEO of Parsley Energy Inc., summed up the situation facing frackers:Currently, the world does not need more of our product, and we only get one chance to produce this precious resource for our stakeholders.The commission didn’t organize shut-ins of wells. So Parsley, taking its cue from prices instead, is just shutting in some of its own anyway. It has also suspended drilling and completing new wells.The economics of each well — and the companies that own them — differ enormously. But grab an envelope and imagine a well tapping one million barrels of oil equivalent, 75% of it crude oil, the rest natural gas. Benchmark prices: $30 oil and $2.50 gas, translating to, say, $27 and $2 at the wellhead. That implies total revenue from those resources of $23.3 million. Royalties and severance taxes take about $7 million of that; operating expenses and overhead take another $7 million(1). That leaves $9.3 million versus the $9 million spent drilling and completing the well upfront. Factor in time value of money, and that well is seriously underwater.Besides the back-of-crumpled-envelope quality of that calculation, there are other reasons a producer might keep drilling anyway. Rigs are often contracted for months at a time; for example, Helmerich & Payne Inc., a leading provider, reported roughly a third of its U.S. onshore rig fleet operated under fixed-term contracts at the end of March. Contracted pipeline space, too, must be paid for whether or not barrels flow through it. Taking a company’s activity down to zero is also traumatic for workers and, like a shut-in well, makes it harder to eventually crank back up. Hedges, meanwhile, shield against low spot prices and represent oil and gas contracted for delivery.Then again, hedges could be settled for cash; it’s not like anyone is screaming for more of the actual stuff these days. Rig and pipeline contracts can also be renegotiated (an order from the Texas Railroad Commission could have helped on that front, but still). And the difficulty of going into hibernation must be set against the implacable demands of low oil prices.On that note, another rationale for continuing to drill is an expectation of oil and gas prices recovering reasonably soon. Parsley and some other shale operators, such as Diamondback Energy Inc. (which is reducing but not suspending drilling), have indicated they could increase activity again if oil gets back above $30 a barrel (it was trading around $25 Monday morning). Because shale output is very front-loaded, movements in near-term prices matter a lot. For instance, using my basic example above, while the economics don’t work at flat $30 oil, assuming oil rises to $40 in year two and then $50 from year three would generate a low positive return. Those prices actually lag the consensus forecast, which averages $46 for 2021.On the other hand, that consensus stood at $58 only two months ago, so it’s fair to say expectations can change in the middle of an unprecedented oil shock. The current list of unknowns encompasses how quickly people resume something like normality even after lockdowns ease; whether Covid-19 inflicts a second wave; how long the glut of oil inventory building now lasts; and how quickly Saudi Arabia and Russia resume a market-share strategy.The rational thing to do is to wait for higher prices — indeed, conserving barrels, rather than pushing them into a glutted market, is a prerequisite for those higher prices. As EOG Resources Inc. said Friday, oil kept underground is “low-cost storage.”E&P companies carrying more debt (and there are more than a few) may be stuck on the treadmill. Covenants demand cash flow today even if that means destroying value over time. But this is a reminder of why the industry finds itself vulnerable in the first place: managing to production rather than value, and thereby dragging down prices by putting more sub-economic oil onto the market. The Saudi-Russian spat in early March was a warning the market won’t just absorb that from here on. Breaking the existing shale model, and redirecting cash away from wells toward creditors and shareholders, must be one outcome from all this.On that front, it’s worth noting the E&P sector now offers a higher dividend yield than the broader market for only the second time this decade.E&P stocks traded at a premium on yield because they weren’t valued on yield. Unlike the majors and refiners, frackers were owned for growth and a bet on oil prices. That rationale was fraying even before Covid-19, but is especially out of favor now. The yield spread to the market needs to widen, not just to compete against both other oil stocks and other sectors. It would also be a tangible sign of fewer dollars heading into drilling. Like Gallagher said, the world doesn’t need any more of the industry’s “product” right now. That includes investors.(1) Assumes royalties of 25% and severance taxes of 4.6% for oil and 7.5% for natural gas. G&A expenses of $2 per barrel of oil equivalent and $5 of other operating expenses.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why These 3 Oil Industry Stocks Popped More Than 20% in April
    Motley Fool

    Why These 3 Oil Industry Stocks Popped More Than 20% in April

    Shares of oilfield services companies Schlumberger (NYSE: SLB), Helmerich & Payne (NYSE: HP), and National Oilwell Varco (NYSE: NOV) rose between 24% and 29% in April, according to data from S&P Global Market Intelligence. Schlumberger saw its shares rise 24.7%, while shares of its fellow general services provider National Oilwell Varco jumped 28.6%. Meanwhile, shares of onshore oil rig operator Helmerich & Payne were up 26.3% for the month.

  • Stocks jump despite a record 20.5M jobs lost in April
    Yahoo Finance Video

    Stocks jump despite a record 20.5M jobs lost in April

    Managing Director & Chief U.S. Economist at NatWest Markets Michelle Girard joins Yahoo Finance’s Seana Smith to break down the April jobs report.

  • GuruFocus.com

    World Markets Green on Friday

    Lear trades 10% higher after reporting 1st-quarter results Continue reading...

  • I think a ‘square-root’ recovery is more likely than a V-shaped one: Expert
    Yahoo Finance Video

    I think a ‘square-root’ recovery is more likely than a V-shaped one: Expert

    Director of Fiscal Policy at the American Action Forum Gordon Gray joins Yahoo Finance’s Seana Smith to break down the April jobs report and how some workers are making more on unemployment compared to their wages before the coronavirus pandemic.

  • Helmerich & Payne Inc (HP) Q2 2020 Earnings Call Transcript
    Motley Fool

    Helmerich & Payne Inc (HP) Q2 2020 Earnings Call Transcript

    HP earnings call for the period ending March 31, 2020.

  • GuruFocus.com

    Dow Jones Tumbles 600 Points on Friday

    United Airlines falls despite earnings beat Continue reading...

  • Helmerich & Payne (HP) Reports Q2 Loss, Tops Revenue Estimates
    Zacks

    Helmerich & Payne (HP) Reports Q2 Loss, Tops Revenue Estimates

    Helmerich & Payne (HP) delivered earnings and revenue surprises of -114.29% and 6.77%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Helmerich & Payne, Inc. Announces Second Quarter Results
    Business Wire

    Helmerich & Payne, Inc. Announces Second Quarter Results

    Helmerich & Payne, Inc. (NYSE: HP) reported a net loss of $421 million or $(3.88) per diluted share from operating revenues of $634 million for the quarter ended March 31, 2020, compared to net income of $31 million, or $0.27 per diluted share, on revenues of $615 million for the quarter ended December 31, 2019. The net loss per diluted share for the second quarter of fiscal year 2020 and the net income per diluted share for the first quarter of fiscal year 2020 include $(3.87) and $0.14, respectively, of after-tax gains and losses comprised of select items(3). For the second quarter of fiscal year 2020, select items(3) were comprised of:

  • Things to Note Ahead of Helmerich & Payne's (HP) Q2 Earnings
    Zacks

    Things to Note Ahead of Helmerich & Payne's (HP) Q2 Earnings

    In fiscal Q2, slowdown in domestic onshore drilling activity could impact Helmerich & Payne's (HP) largest segment - U.S. Land.

  • Analysts Estimate Helmerich & Payne (HP) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Helmerich & Payne (HP) to Report a Decline in Earnings: What to Look Out for

    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.

  • Can Value Investors Pick Helmerich & Payne (HP) Stock Now?
    Zacks

    Can Value Investors Pick Helmerich & Payne (HP) Stock Now?

    Is Helmerich & Payne (HP) a great pick from the value investor's perspective right now? Read on to know more.

  • Moody's

    Helmerich & Payne, Inc. -- Moody's announces completion of a periodic review of ratings of Helmerich & Payne, Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Helmerich & Payne, Inc. New York, April 02, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Helmerich & Payne, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Helmerich & Payne, Inc. Provides Capital Allocation Update and Announces Fiscal Second Quarter 2020 Conference Call and Webcast
    Business Wire

    Helmerich & Payne, Inc. Provides Capital Allocation Update and Announces Fiscal Second Quarter 2020 Conference Call and Webcast

    Helmerich & Payne, Inc. ("H&P" or the "Company") (NYSE: HP) today provided an update on its capital allocation policy as well as its capital expenditure and SG&A cost outlook for the remainder of fiscal 2020. The Company also announced the timing of its upcoming second fiscal 2020 quarterly conference call and webcast.

  • Those Who Purchased Hello Pal International (CSE:HP) Shares Three Years Ago Have A 76% Loss To Show For It
    Simply Wall St.

    Those Who Purchased Hello Pal International (CSE:HP) Shares Three Years Ago Have A 76% Loss To Show For It

    Hello Pal International Inc. (CSE:HP) shareholders should be happy to see the share price up 20% in the last week. But...

  • Hedge Funds Have Never Been More Bullish On Helmerich & Payne, Inc. (HP)
    Insider Monkey

    Hedge Funds Have Never Been More Bullish On Helmerich & Payne, Inc. (HP)

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • 5 Energy Companies With the Strength to Weather the Coronavirus Storm
    GuruFocus.com

    5 Energy Companies With the Strength to Weather the Coronavirus Storm

    Energy sector Shiller price-earnings ratio dips into the single digits Continue reading...

  • Helmerich & Payne, Inc. Responds to Volatile Market Conditions
    Business Wire

    Helmerich & Payne, Inc. Responds to Volatile Market Conditions

    Helmerich & Payne, Inc. ("H&P" or the "Company") (NYSE:HP) today announced it is implementing additional cost controls and re-evaluating its capital allocation to proactively preserve its strong financial position in response to a combination of a weakened commodity price environment, broader uncertainties related to COVID-19 and the resulting high market volatility. Concurrently, due to the rapidly evolving market conditions over the past few weeks, the Company feels that it is appropriate to withdraw its fiscal second quarter guidance, which was previously provided on February 3, 2020.

  • 6 Guru Stocks Expected to Boost Earnings
    GuruFocus.com

    6 Guru Stocks Expected to Boost Earnings

    Berkshire, Helmerich & Payne on the list Continue reading...