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Helmerich and Payne Inc Stock Research

HP

35.75USD+0.24(+0.68%)Market Closed

Market Summary

USD35.75+0.24
Market Closed
0.68%

HP Alerts

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)

1

Buy Backs (1Y)

2.48%

Diluted EPS (TTM)

1.44

Peers (Alternatives to Helmerich and Payne)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
69.7B
28.1B
-10.55% 19.29%
20.26
2.48
22.51% 82.93%
66.8B
25.7B
-2.86% 0.61%
8.61
2.6
37.87% 66.36%
60.4B
37.1B
4.86% 11.01%
4.68
1.64
40.97% 472.95%
48.8B
24.4B
2.14% -16.10%
6.22
2
36.45% 270.40%
28.7B
20.3B
-15.65% -15.23%
18.28
1.42
32.70% 7.89%
MID-CAP
7.3B
7.2B
-16.70% -5.39%
46.91
1
31.01% 162.00%
5.4B
3.8B
-15.35% 11.98%
34.75
1.41
23.77% 36.78%
4.6B
2.6B
-10.17% 39.17%
-7.39
1.78
0.74% -4.90%
3.8B
2.4B
-16.63% -14.67%
24.12
1.58
71.41% 150.63%
2.5B
2.6B
-18.35% -24.05%
16.16
0.94
95.09% 123.63%
2.4B
4.1B
-18.78% -13.56%
5.95
0.57
67.93% 322.94%
SMALL-CAP
1.1B
2.7B
-20.71% -20.17%
-3.17
0.42
32.18% 38.47%
44.4M
186.7M
-18.91% -21.07%
-0.68
0.24
112.28% 2.09%
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/Q2022Q42022Q32022Q22022Q12021Q4
Revenue15.0%2,368,799,0002,058,944,0001,771,419,0001,553,399,0001,381,973,000
  S&GA Expenses2.6%187,106,000182,366,000187,523,000184,309,000176,607,000
Costs and Expenses6.1%2,136,673,0002,013,652,0001,899,961,0001,793,030,0001,759,910,000
EBITDA40.2%635,471,000453,291,000280,537,000186,311,000-
EBITDA Margin21.9%0.270.220.160.12-
Earnings Before Taxes607.2%218,639,00030,918,000-146,503,000-246,072,000-404,040,000
EBT Margin514.7%0.090.02-0.08-0.16-
Interest Expenses-9.2%17,444,00019,203,00020,970,00022,561,00023,930,000
Net Income2135.9%155,460,0006,953,000-117,747,000-191,054,000-307,081,000
Net Income Margin1843.4%0.070.00-0.07-0.12-
Free Cahsflow807.3%120,099,000-16,981,000-44,673,000-59,351,000-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.3%4,4124,3564,3234,3344,392
  Current Assets7.5%1,0791,003946918955
    Cash Equivalents-1.3%229232189202234
  Inventory3.2%91.0088.0086.0084.0087.00
  Net PPE-0.6%2,9422,9612,9873,0223,066
  Goodwill0%46.0046.0046.0046.0046.00
  Current Liabilities18.9%470395401378399
  Long Term Debt0.1%543542542542-
    LT Debt, CurrentNaN%-----
    LT Debt, Non Current0.1%543543542542542
Shareholder's Equity-0.7%2,7452,7652,7332,7342,777
  Retained Earnings0.8%2,4942,4742,4552,4642,495
  Additional Paid-In Capital-2.9%513528521515515
Shares Outstanding-0.4%105105105105108
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations80.8%42323416397.00152
  Share Based Compensation7.3%30.0028.0028.0028.0027.00
Cashflow From Investing-22.4%-204-167-165-147-141
Cashflow From Financing72.9%-199-734-197-198-180
  Dividend Payments22.8%132107108109110
  Buy Backs-27.7%56.0077.0077.0077.0060.00

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 ascendingFund NameType% 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%

1–10 of 45

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

msnNOW

Wall Street Analysts Think Helmerich & Payne (HP) Is a Good ....

msnNOW,
3 days ago

Seeking Alpha

Yahoo Finance

Investing.com

Seeking Alpha

Schedule 13G FIlings of Helmerich and Payne

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

John W. Lindsay
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
Other2,4672,248
Total operating revenues719,637409,782
OPERATING COSTS AND EXPENSES  
Drilling services operating expenses, excluding depreciation and amortization428,251299,652
Other operating expenses1,1261,182
Depreciation and amortization96,655100,437
Research and development6,9336,527
Selling, general and administrative48,45543,715
Impairment expense12,0974,363
Restructuring charges0742
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 expenses575,414452,393
OPERATING INCOME (LOSS) FROM CONTINUING OPERATIONS144,223(42,611)
Other income (expense)  
Interest and dividend income4,7052,589
Interest expense(4,355)(6,114)
Gain (loss) on investment securities(15,091)47,862
Loss on extinguishment of debt0(60,083)
Other(660)(542)
Total unallocated amounts(15,401)(16,288)
Income (loss) from continuing operations before income taxes128,822(58,899)
Income tax expense (benefit)32,395(7,568)
Income (loss) from continuing operations96,427(51,331)
Income (loss) from discontinued operations before income taxes718(31)
Income tax expense00
Income (loss) from discontinued operations718(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)0.010
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)0.010
Net income (loss) (in dollars per share)$ 0.91$ (0.48)
Weighted average shares outstanding:  
Basic (in shares)105,248107,571
Diluted (in shares)106,104107,571

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 cash42,47236,246
Short-term investments118,457117,101
Accounts receivable, net of allowance of $6,242 and $2,975, respectively512,681458,713
Inventories of materials and supplies, net90,76187,957
Prepaid expenses and other, net83,50666,463
Assets held-for-sale1,5514,333
Total current assets1,078,6141,002,944
Investments220,892218,981
Property, plant and equipment, net2,942,0592,960,809
Other Noncurrent Assets:  
Goodwill45,65345,653
Intangible assets, net65,39867,154
Operating lease right-of-use assets38,53939,064
Other assets, net20,69320,926
Total other noncurrent assets170,283172,797
Total assets4,411,8484,355,531
Current Liabilities:  
Accounts payable145,784126,966
Dividends payable51,54026,693
Accrued liabilities272,247241,151
Total current liabilities469,571394,810
Noncurrent Liabilities:  
Long-term debt, net542,932542,610
Deferred income taxes537,264537,712
Other116,136113,387
Noncurrent liabilities - discontinued operations8001,540
Total noncurrent liabilities1,197,1321,195,249
Commitments and Contingencies (Note 12)
Shareholders' Equity:  
Common stock, $0.10 par value, 160,000,000 shares authorized, 112,222,865 shares issued as of December 31, 2022 and September 30, 2022, and 104,898,566 and 105,293,662 shares outstanding as of December 31, 2022 and September 30, 2022, respectively11,22211,222
Preferred stock, no par value, 1,000,000 shares authorized, no shares issued00
Additional paid-in capital512,928528,278
Retained earnings2,494,1062,473,572
Accumulated other comprehensive loss(11,816)(12,072)
Treasury stock, at cost, 7,324,299 shares and 6,929,203 shares as of December 31, 2022 and September 30, 2022, respectively(261,295)(235,528)
Total shareholders’ equity2,745,1452,765,472
Total liabilities and shareholders' equity$ 4,411,848$ 4,355,531
Common stock, shares outstanding (in shares)104,898,566105,293,662