|Bid||0.00 x 1100|
|Ask||0.00 x 800|
|Day's Range||50.18 - 52.01|
|52 Week Range||44.56 - 73.74|
|Beta (3Y Monthly)||1.67|
|PE Ratio (TTM)||76.30|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||2.84 (5.54%)|
|1y Target Est||60.73|
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.
Does the July share price for Helmerich & Payne, Inc. (NYSE:HP) reflect what it's really worth? Today, we will...
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.
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.
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]
The past year has been a rough one for Micron (NASDAQ: MU) stock investors. Shares of Micron stock are down 45% from a year ago, but long-term investors should be considering buying the dip.Source: Micron The memory market has been weak, and Micron has certainly suffered. However, there are at least three reasons why the worst has now passed for MU stock, according to Bank of America analyst Simon Woo. MU Stock Is Fairly ValuedDespite ongoing weakness in the memory market, Micron's big sell-off has the stock valued attractively. In fact, the stock has recently traded at or below projected book values for fiscal 2019 through fiscal 2021. The stock's PE ratio of 3.0, its forward PE ratio of 7.8 and its price-to-free cash flow ratio of 4.7 are all absurdly low.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Stocks to Buy for $20 or Less Sure, given the market weakness one could argue these valuation metrics deserve to be low. After all, revenue and net income were down 20.6% and 51.0% last quarter, respectively. However, assuming you believe the pricing weakness in the NAND and DRAM markets will eventually recover, Micron stock has no business at its current valuation.Many of the stocks trading at single-digit earnings multiples are facing secular, not cyclical headwinds. Companies like Macy's (NYSE: M), Kroger (NYSE: KR) and HP (NYSE: HP) arguably deserve their low single-digit earnings multiples. Micron does not. 2\. Micron Is Still ProfitableDespite a cyclical downturn in the memory market, a softening global economy and a trade war between the U.S. and China, Micron is still profitable. It's a perfect storm for Micron bears at the moment. Yet the company reported $1.42 in EPS last quarter.Maybe it will take a quarter or two for the market to stabilize and for Micron's business to return to growth. In the meantime, how much more downside can traders expect out of a stock that has relatively strong underlying fundamentals?China accounts for roughly half of Micron's sales, and the recently blacklisted Huawei accounts for 13%. Bank of America is projecting a 20% quarter-over-quarter decline in DRAM prices in the fiscal fourth quarter. Yet even though everything is going wrong for Micron, Woo says the company will likely maintain operating margins above 20%.Fiscal 2019 through 2021 EPS will be in the $3 to $5 range, according to Woo. Even assuming the $3 low end of that estimate range, it still means the stock is trading at a forward PE of under 11. Maybe there's not tremendous upside if Micron's numbers disappoint. But it's very difficult to see much wiggle room to the downside from current levels. 3\. Expectations Are Extremely LowOne of the reasons why it will take a lot for Micron to trigger additional selling volume is because expectations are already so low. Woo says Micron will likely report a modest earnings miss later this month. However, the stock is already down 12.4% in the past month and 15.7% in the past three.Woo says even a guidance cut from Micron management might not move the stock."A bearish guidance at the 3Q FY19 results call and consequent consensus estimate cuts should not be a surprise for investors," Woo said.In addition, minimal debt, positive free cash flow and disciplined capital spending provide plenty of cushion for Micron's business. The company has the financial flexibility to weather the storm."We do not expect consensus estimate cuts or bearish guidance (for Nov'19-end quarter) to be a negative surprise, given investors' low expectations," Woo sais.Finally, potential bullish catalysts, such as a trade war deal, are certainly not priced into MU stock. In fact, Woo says DRAM pricing should stabilize and begin to rise again throughout fiscal 2020. He estimates Micron will return to earnings growth beginning in the fiscal first quarter. Bottom Line on Micron StockYes, things have been bad for Micron. Yes, the memory market is still very weak. But semiconductor investors know the industry is prone to cyclical downturns. The current downturn has been rough for Micron. However, all things considered, its business has held up relatively well.Secular demand for memory hardware isn't going away anytime soon. Micron's market will improve, and investors will once again appreciate the stock's value. Traders who buy now may be getting in a bit early. But with valuation providing a near-term floor, the risk-reward balance is firmly skewed to the upside.Bank of America has a "buy" rating and $43 price target for MU stock.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post 3 Reasons to Keep Ignoring Bad News and Keep Buying Buy Micron Stock appeared first on InvestorPlace.
The federal government's EIA report revealed that crude inventories rose by 2.2 million barrels for the week ending Jun 7 to a nearly 2-year high.
We're living in a low-rate world. Get used to it. At the start of the year, the Federal Reserve had plans to raise interest rates a few times. Well, you can forget about that, forecasts Eddy Elfenbein, editor of Growth Stock Investor.
Helmerich & Payne, Inc. today announced that John Lindsay, President and CEO; Mark Smith, Vice President and CFO; Dave Wilson, Director of Investor Relations; and Brian Young, U.S.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Helmerich & Payne, Inc. today announced that Mary M. VanDeWeghe was appointed to the Company’s Board of Directors effective June 5, 2019. With Ms. VanDeWeghe’s appointment, Helmerich & Payne’s Board has expanded to include 11 members.
The present, chairman and CEO of Fairfax Financial Holdings, Prem Watsa (Trades, Portfolio) sold shares of the following stocks during the first quarter. Warning! GuruFocus has detected 2 Warning Sign with BKNG. The steel producer has a market cap of $15.41 billion and an enterprise value of $27.94 billion.
Helmerich & Payne (HP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...
Helmerich & Payne, Inc. today announced that due to severe weather conditions in Tulsa, Oklahoma adversely affecting timely travel to Austin, Texas, the Company is unable to participate in UBS’s Global Oil and Gas Conference.
Helmerich & Payne, Inc. today announced that Mark Smith, Vice President and CFO; Dave Wilson, Director of Investor Relations; and Brian Young, U.S. Drilling Administrative Manager, will attend the 2019 UBS Global Oil and Gas Conference in Austin, Texas on Tuesday, May 21 and Wednesday, May 22, 2019.
Helmerich & Payne, Inc. today announced that John Lindsay, President and CEO, Mark Smith, Vice President and CFO, and Dave Wilson, Director of Investor Relations will attend the 2019 Citi Global Energy and Utilities Conference in Boston, Massachusetts on Tuesday, May 14 and Wednesday, May 15, 2019.
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The fourth quarter of 2018 is one of those periods, as the Russell […]
Apple (NASDAQ:AAPL) stock rose slightly in the wake of its fiscal-second-quarter results announced last week. Moreover, even accounting for this morning's near-2% drop, AAPL stock has rallied 33% so far this year.Source: Shutterstock However, the results, for reasons I will explain below, strengthen my thesis that Apple's main moneymaker, iPhone, is weakening meaningfully and that its strategy of using the growth of its Services revenue to offset iPhone's declining metrics isn't going to work.Eventually, many of the current owners of Apple stock will realize that the strategy won't work, and they will sell their shares, potentially causing tAAPL stock to drop slightly under $100 by the end of this year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips AAPL Stock's Services Revenue Growth Is SlowingAs Apple stock jumped amid the increase in the company's dividend and share buybacks, and Tim Cook's celebration of record Services revenue, the deceleration in the growth of Apple's Services business seemed to have been totally overlooked. Nonetheless, Services revenue increased 16% year-over-year last quarter, down from the 19% YoY gain in the previous quarter. * 7 Energy Stocks to Buy to Light Up Your Portfolio Those who are bullish on AAPL can make some valid arguments about why the growth may have decelerated. For example, Q1 is much seasonally stronger than Q2, and growth will inevitably decelerate, due to the Law of Large Numbers.Still, the fact that the growth of the unit that's supposed to rescue Apple stock slowed is definitely a very bad sign for AAPL stock. Services Revenue Growth Isn't Enough for Apple StockThis one is pretty simple. Apple's Product revenue dropped by a bit less than $5 billion year-over-year, driven a great deal by the iPhone revenue decline and a bit by a YoY Mac sales slump, while Services revenues increased $1.6 billion YoY. Also not helping is the fact that the cost of Services revenue rose nearly $350 million YoY, or over 20% of the Services revenue increase.But the main point is that, as things stand now, the increase in Services revenue isn't coming close to make up for the decline in the company's Product sales. Streaming and Innovation Won't Be the AnswerAs I've written several times previously, streaming won' be the answer for Apple stock. There's tons of competition in the streaming sector, with everyone from Netflix (NASDAQ:NFLX) to Comcast (NASDAQ:CMCSA) to Disney (NYSE:DIS) to Amazon (NASDAQ:AMZN) already in the space or preparing to get in it. And given Apple's lack of original programming, its streaming offering probably won't be extremely popular.Nor is technical innovation very likely to rescue Apple stock. A couple of years ago, I used to be one of the few who realized that AAPL under Tim Cook wasn't very innovative. Now many people are writing about that issue. So anyone who expects some sort of new invention to rescue AAPL stock is very likely to be sorely disappointed. Valuing Apple StockWithin six months, I think investors will finally realize that Services won't enable AAPL's revenue to grow going forward and won't rescue AAPL stock. At that point, the valuation of Apple stock will drop to the level of other, older tech names that have some good products but aren't growing.HP (NYSE:HPQ) and IBM (NYSE:IBM) come to mind. HP is trading at nine times analysts' consensus 2019 earnings per share estimate, while IBM is trading at 10 times the consensus 2019 EPS estimate.Let's say that in six months, analysts' consensus 2020 EPS estimate for AAPL is 20% below its current $12.76, as analysts realize that Apple's streaming offering isn't going to be very profitable. That would drop the consensus estimate to $10.21. If we put a 9.5 multiple on Apple stock, which is halfway between the multiples of HP stock and IBM, we get a six-month price target for AAPL stock of $97.I think it could definitely happen.As of this writing, the author did not own shares of any of the companies mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Energy Stocks to Buy to Light Up Your Portfolio * 10 Vice Stocks to Spice Up Your Portfolio * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post Why Apple Stock Could Drop Below $100 by the End of 2019 appeared first on InvestorPlace.
The comapny was able to exceed expectations for the second quarter in row despite the weaker oil and gas services market.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Helmerich & Payne, Inc. New York, April 26, 2019 -- 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.