Helmerich and Payne Inc Stock Research

Market Summary

USD35.75+0.24

Market Closed

0.68%

HP Alerts

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

HP Stock Price

HP RSI Chart

HP Valuation

Market Cap

3.8B

Price/Earnings (Trailing)

24.12

Price/Sales (Trailing)

1.58

EV/EBITDA

6.39

Price/Free Cashflow

31.23

HP Price/Sales (Trailing)

HP Profitability

EBT Margin

9.23%

Return on Equity

5.66%

Return on Assets

3.52%

Free Cashflow Yield

3.2%

HP Fundamentals

HP Revenue

Revenue (TTM)

2.4B

Revenue Y/Y

75.61%

Revenue Q/Q

13.99%

HP Earnings

Earnings (TTM)

155.5M

Earnings Y/Y

289.14%

Earnings Q/Q

113.32%

Price Action

52 Week Range

32.6954.45

(Low)(High)

Last 7 days

5.8%

Last 30 days

-16.6%

Last 90 days

-27.9%

Trailing 12 Months

-14.7%

HP Financial Health

Current Ratio

2.3

Debt/Equity

0.2

Debt/Cashflow

0.78

HP Investor Care

Dividend Yield

2.8%

Dividend/Share (TTM)

Buy Backs (1Y)

2.48%

Diluted EPS (TTM)

1.44

Peers (Alternatives to Helmerich and Payne)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
SLB	69.7B	28.1B	-10.55%	19.29%	20.26	2.48	22.51%	82.93%
EOG	66.8B	25.7B	-2.86%	0.61%	8.61	2.6	37.87%	66.36%
OXY	60.4B	37.1B	4.86%	11.01%	4.68	1.64	40.97%	472.95%
PXD	48.8B	24.4B	2.14%	-16.10%	6.22	2	36.45%	270.40%
HAL	28.7B	20.3B	-15.65%	-15.23%	18.28	1.42	32.70%	7.89%
MID-CAP
NOV	7.3B	7.2B	-16.70%	-5.39%	46.91	1	31.01%	162.00%
CHX	5.4B	3.8B	-15.35%	11.98%	34.75	1.41	23.77%	36.78%
RIG	4.6B	2.6B	-10.17%	39.17%	-7.39	1.78	0.74%	-4.90%
HP	3.8B	2.4B	-16.63%	-14.67%	24.12	1.58	71.41%	150.63%
PTEN	2.5B	2.6B	-18.35%	-24.05%	16.16	0.94	95.09%	123.63%
LBRT	2.4B	4.1B	-18.78%	-13.56%	5.95	0.57	67.93%	322.94%
SMALL-CAP
NBR	1.1B	2.7B	-20.71%	-20.17%	-3.17	0.42	32.18%	38.47%
ICD	44.4M	186.7M	-18.91%	-21.07%	-0.68	0.24	112.28%	2.09%
DWSN	36.9M	37.5M	-6.23%	-33.19%	-1.8	0.98	51.77%	29.70%

Financials for Helmerich and Payne

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	15.0%	2,368,799,000	2,058,944,000	1,771,419,000	1,553,399,000	1,381,973,000
S&GA Expenses	2.6%	187,106,000	182,366,000	187,523,000	184,309,000	176,607,000
Costs and Expenses	6.1%	2,136,673,000	2,013,652,000	1,899,961,000	1,793,030,000	1,759,910,000
EBITDA	40.2%	635,471,000	453,291,000	280,537,000	186,311,000	-
EBITDA Margin	21.9%	0.27	0.22	0.16	0.12	-
Earnings Before Taxes	607.2%	218,639,000	30,918,000	-146,503,000	-246,072,000	-404,040,000
EBT Margin	514.7%	0.09	0.02	-0.08	-0.16	-
Interest Expenses	-9.2%	17,444,000	19,203,000	20,970,000	22,561,000	23,930,000
Net Income	2135.9%	155,460,000	6,953,000	-117,747,000	-191,054,000	-307,081,000
Net Income Margin	1843.4%	0.07	0.00	-0.07	-0.12	-
Free Cahsflow	807.3%	120,099,000	-16,981,000	-44,673,000	-59,351,000	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.3%	4,412	4,356	4,323	4,334	4,392
Current Assets	7.5%	1,079	1,003	946	918	955
Cash Equivalents	-1.3%	229	232	189	202	234
Inventory	3.2%	91.00	88.00	86.00	84.00	87.00
Net PPE	-0.6%	2,942	2,961	2,987	3,022	3,066
Goodwill	0%	46.00	46.00	46.00	46.00	46.00
Current Liabilities	18.9%	470	395	401	378	399
Long Term Debt	0.1%	543	542	542	542	-
LT Debt, Current	NaN%	-	-	-	-	-
LT Debt, Non Current	0.1%	543	543	542	542	542
Shareholder's Equity	-0.7%	2,745	2,765	2,733	2,734	2,777
Retained Earnings	0.8%	2,494	2,474	2,455	2,464	2,495
Additional Paid-In Capital	-2.9%	513	528	521	515	515
Shares Outstanding	-0.4%	105	105	105	105	108

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	80.8%	423	234	163	97.00	152
Share Based Compensation	7.3%	30.00	28.00	28.00	28.00	27.00
Cashflow From Investing	-22.4%	-204	-167	-165	-147	-141
Cashflow From Financing	72.9%	-199	-734	-197	-198	-180
Dividend Payments	22.8%	132	107	108	109	110
Buy Backs	-27.7%	56.00	77.00	77.00	77.00	60.00

Risks for HP

What is the probability of a big loss on HP?

91.2%

Probability that Helmerich and Payne stock will be more than 20% underwater in next one year

78.1%

Probability that Helmerich and Payne stock will be more than 30% underwater in next one year.

28.1%

Probability that Helmerich and Payne stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does HP drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Helmerich and Payne was unfortunately bought at previous high price.

Drawdowns

Returns for HP

Cumulative Returns on HP

-0.7%

10-Year Cumulative Returns

-1.7%

7-Year Cumulative Returns

-7.2%

5-Year Cumulative Returns

37.9%

3-Year Cumulative Returns

What are the long-term rolling returns for HP?

FIve years rolling returns for Helmerich and Payne.

Annualized Returns

Which funds bought or sold HP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-28	Acrisure Capital Management, LLC	new	-	261,184	261,184	0.29%
2023-03-27	Neo Ivy Capital Management	sold off	-100	-4,000	-	-%
2023-03-24	PALISADE CAPITAL MANAGEMENT, LP	added	7.08	617,402	2,034,400	0.06%
2023-03-23	MetLife Investment Management, LLC	unchanged	-	684,949	2,694,680	0.02%
2023-03-17	American Portfolios Advisors	reduced	-21.4	-22,859	47,382	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	135	1,838,060	2,691,060	-%
2023-03-10	MATHER GROUP, LLC.	unchanged	-	119,667	470,667	0.01%
2023-03-06	Rockefeller Capital Management L.P.	added	221	20,000	26,000	-%
2023-02-28	Voya Investment Management LLC	reduced	-5.55	516,252	2,455,250	-%
2023-02-22	Kovack Advisors, Inc.	new	-	238,630	238,630	0.04%

Latest Funds Activity

Are funds buying HP calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own HP

No. of Funds

Helmerich and Payne News

Schedule 13G FIlings of Helmerich and Payne

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	alliancebernstein l.p.	5.1%	5,394,766	SC 13G
Feb 09, 2023	vanguard group inc	11.26%	11,865,323	SC 13G/A
Jan 31, 2023	state farm mutual automobile insurance co	7.83%	8,257,200	SC 13G/A
Jan 26, 2023	blackrock inc.	16.7%	17,591,785	SC 13G/A
Jan 20, 2023	blackrock inc.	16.7%	17,591,785	SC 13G/A
Feb 14, 2022	boston partners	0.95%	1,025,039	SC 13G/A
Feb 10, 2022	vanguard group inc	10.92%	11,798,753	SC 13G/A
Feb 02, 2022	state farm mutual automobile insurance co	7.65%	8,257,200	SC 13G/A
Jan 27, 2022	blackrock inc.	16.4%	17,718,102	SC 13G/A
Jan 25, 2022	blackrock inc.	16.4%	17,718,102	SC 13G

HP Fair Value

Helmerich and Payne fair value in different scenarios

The table shows the Fair Value estimates for Helmerich and Payne for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	15.10 -57.76%	18.91 -47.10%	33.46 -6.41%	51.13 43.02%	67.00 87.41%
Current Inflation	14.30 -60.00%	17.46 -51.16%	30.04 -15.97%	45.15 26.29%	58.70 64.20%
Very High Inflation	13.26 -62.91%	15.66 -56.20%	25.94 -27.44%	38.11 6.60%	49.01 37.09%

Historical Helmerich and Payne Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Helmerich and Payne

View All Filings

Date Filed	Form Type	Document
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	8-K	Current Report

Latest Insider Trading transactions for HP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-01	MAS JOSE RAMON	acquired	-	-	4,197	-
2023-03-01	Chariag Belgacem	acquired	-	-	4,197	-
2023-03-01	ZEGLIS JOHN D	acquired	-	-	4,197	-
2023-03-01	HELMERICH HANS	acquired	-	-	6,296	-
2023-03-01	Cramton Kevin G.	acquired	-	-	4,197	-
2023-03-01	Petrie Thomas A.	acquired	-	-	4,197	-
2023-01-13	Hair Cara M.	sold (taxes)	-393,068	50.64	-7,762	svp, corp. services & clo
2023-01-13	Bell John R.	sold (taxes)	-346,833	50.64	-6,849	svp, int'l & offshore ops, sub
2023-01-13	Bell John R.	acquired	-	-	32,371	svp, int'l & offshore ops, sub
2023-01-13	Lennox Michael	sold (taxes)	-295,636	50.64	-5,838	svp, us land ops, drilling sub

About Helmerich and Payne

John W. Lindsay

www.hpinc.com

5440

Helmerich & Payne, Inc., together with its subsidiaries, provides drilling services and solutions for exploration and production companies. The company operates through three segments: North America Solutions, Offshore Gulf of Mexico, and International Solutions. The North America Solutions segment drills primarily in Colorado, Louisiana, Montana, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia, and Wyoming. It also focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement. The Offshore Gulf of Mexico segment has drilling operations in Louisiana and in U.S. federal waters in the Gulf of Mexico. The International Solutions segment conducts drilling operations in Argentina, Bahrain, Colombia, and the United Arab Emirates. As of September 30, 2021, the company operated a fleet of 236 land rigs in North America; 30 international land rigs; and 7 offshore platform rigs. It also owns, develops, and operates commercial real estate properties. The company's real estate investments include a shopping center comprising approximately 390,000 leasable square feet; and approximately 176 acres of undeveloped real estate located in Tulsa, Oklahoma. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.

HP Income Statement

2022-12-31

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
OPERATING REVENUES
Drilling services	$ 717,170	$ 407,534
Other	2,467	2,248
Total operating revenues	719,637	409,782
OPERATING COSTS AND EXPENSES
Drilling services operating expenses, excluding depreciation and amortization	428,251	299,652
Other operating expenses	1,126	1,182
Depreciation and amortization	96,655	100,437
Research and development	6,933	6,527
Selling, general and administrative	48,455	43,715
Impairment expense	12,097	4,363
Restructuring charges	0	742
Gain on reimbursement of drilling equipment	(15,724)	(5,254)
Other (gain) loss on sale of assets	(2,379)	1,029
Total operating costs and expenses	575,414	452,393
OPERATING INCOME (LOSS) FROM CONTINUING OPERATIONS	144,223	(42,611)
Other income (expense)
Interest and dividend income	4,705	2,589
Interest expense	(4,355)	(6,114)
Gain (loss) on investment securities	(15,091)	47,862
Loss on extinguishment of debt	0	(60,083)
Other	(660)	(542)
Total unallocated amounts	(15,401)	(16,288)
Income (loss) from continuing operations before income taxes	128,822	(58,899)
Income tax expense (benefit)	32,395	(7,568)
Income (loss) from continuing operations	96,427	(51,331)
Income (loss) from discontinued operations before income taxes	718	(31)
Income tax expense	0	0
Income (loss) from discontinued operations	718	(31)
NET INCOME (LOSS)	$ 97,145	$ (51,362)
Basic earnings (loss) per common share:
Income (loss) from continuing operations (in dollars per share)	$ 0.91	$ (0.48)
Income from discontinued operations (in dollars per share)	0.01	0
Net income (loss) (in dollars per share)	0.92	(0.48)
Diluted earnings (loss) per common share:
Income (loss) from continuing operations (in dollars per share)	0.90	(0.48)
Income from discontinued operations (in dollars per share)	0.01	0
Net income (loss) (in dollars per share)	$ 0.91	$ (0.48)
Weighted average shares outstanding:
Basic (in shares)	105,248	107,571
Diluted (in shares)	106,104	107,571

HP Balance Sheet

2022-12-31

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022
Current Assets:
Cash and cash equivalents	$ 229,186	$ 232,131
Restricted cash	42,472	36,246
Short-term investments	118,457	117,101
Accounts receivable, net of allowance of $6,242 and $2,975, respectively	512,681	458,713
Inventories of materials and supplies, net	90,761	87,957
Prepaid expenses and other, net	83,506	66,463
Assets held-for-sale	1,551	4,333
Total current assets	1,078,614	1,002,944
Investments	220,892	218,981
Property, plant and equipment, net	2,942,059	2,960,809
Other Noncurrent Assets:
Goodwill	45,653	45,653
Intangible assets, net	65,398	67,154
Operating lease right-of-use assets	38,539	39,064
Other assets, net	20,693	20,926
Total other noncurrent assets	170,283	172,797
Total assets	4,411,848	4,355,531
Current Liabilities:
Accounts payable	145,784	126,966
Dividends payable	51,540	26,693
Accrued liabilities	272,247	241,151
Total current liabilities	469,571	394,810
Noncurrent Liabilities:
Long-term debt, net	542,932	542,610
Deferred income taxes	537,264	537,712
Other	116,136	113,387
Noncurrent liabilities - discontinued operations	800	1,540
Total noncurrent liabilities	1,197,132	1,195,249
Commitments and Contingencies (Note 12)
Shareholders' Equity:
Common stock, $0.10 par value, 160,000,000 shares authorized, 112,222,865 shares issued as of December 31, 2022 and September 30, 2022, and 104,898,566 and 105,293,662 shares outstanding as of December 31, 2022 and September 30, 2022, respectively	11,222	11,222
Preferred stock, no par value, 1,000,000 shares authorized, no shares issued	0	0
Additional paid-in capital	512,928	528,278
Retained earnings	2,494,106	2,473,572
Accumulated other comprehensive loss	(11,816)	(12,072)
Treasury stock, at cost, 7,324,299 shares and 6,929,203 shares as of December 31, 2022 and September 30, 2022, respectively	(261,295)	(235,528)
Total shareholders’ equity	2,745,145	2,765,472
Total liabilities and shareholders' equity	$ 4,411,848	$ 4,355,531
Common stock, shares outstanding (in shares)	104,898,566	105,293,662