Helmerich & Payne (HP) Stock Price, News & Analysis

Company Overview

Founded in 1920, Helmerich & Payne, Inc. (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. H&P's fleet includes 299 land rigs in the U.S., 31 international land rigs and eight offshore platform rigs.

Key Stats

• Today's Range: $29.91 to $30.89
• 50-Day Range: $30.30 to $36.81
• 52-Week Range: $29.46 to $44.11
• Volume: 5.88 million shs
• Average Volume: 1.40 million shs
• Market Capitalization: $3.01 billion
• P/E Ratio: 8.85
• Dividend Yield: 3.28%
• Price Target: $38.57
• Consensus Rating: Hold

Helmerich & Payne Stock Analysis - MarketRank™

Helmerich & Payne scored higher than 89% of companies evaluated by MarketBeat, and ranked 44th out of 272 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Helmerich & Payne has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 5 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Helmerich & Payne has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 16.99%

Earnings Growth

Earnings for Helmerich & Payne are expected to grow by 16.99% in the coming year, from $3.12 to $3.65 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Helmerich & Payne is 8.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Helmerich & Payne is 8.85, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.15.

Price to Earnings Growth Ratio

Helmerich & Payne has a PEG Ratio of 4.21. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Helmerich & Payne has a P/B Ratio of 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

12.68% of the float of Helmerich & Payne has been sold short.

Short Interest Ratio / Days to Cover

Helmerich & Payne has a short interest ratio ("days to cover") of 7.8.

Change versus previous month

Short interest in Helmerich & Payne has recently decreased by 5.11%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Helmerich & Payne pays a meaningful dividend of 3.06%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Helmerich & Payne does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Helmerich & Payne is 29.07%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Helmerich & Payne will have a dividend payout ratio of 27.40% next year. This indicates that Helmerich & Payne will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -8.40

Percentage of Shares Shorted

12.68% of the float of Helmerich & Payne has been sold short.

Short Interest Ratio / Days to Cover

Helmerich & Payne has a short interest ratio ("days to cover") of 7.8.

Change versus previous month

Short interest in Helmerich & Payne has recently decreased by 5.11%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.70

News Sentiment

Helmerich & Payne has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Helmerich & Payne this week, compared to 6 articles on an average week.

Search Interest

Only 12 people have searched for HP on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Helmerich & Payne to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Helmerich & Payne insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.38% of the stock of Helmerich & Payne is held by insiders.

Percentage Held by Institutions

96.05% of the stock of Helmerich & Payne is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HP Stock Analysis - Frequently Asked Questions

How have HP shares performed this year?

Helmerich & Payne's stock was trading at $36.22 at the beginning of the year. Since then, HP stock has decreased by 15.9% and is now trading at $30.45.
View the best growth stocks for 2024 here.

How were Helmerich & Payne's earnings last quarter?

Helmerich & Payne, Inc. (NYSE:HP) posted its quarterly earnings data on Wednesday, November, 13th. The oil and gas company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. The firm's quarterly revenue was up 5.2% compared to the same quarter last year.

Who are Helmerich & Payne's major shareholders?

Top institutional shareholders of Helmerich & Payne include State Street Corp (4.24%), Victory Capital Management Inc. (3.02%), Pacer Advisors Inc. (2.72%) and Geode Capital Management LLC (2.28%). Insiders that own company stock include Hans Helmerich, Mark W Smith, Cara M Hair, John R Bell, Raymond John Adams III, Sara Marie Momper and John W Lindsay.
View institutional ownership trends.

How do I buy shares of Helmerich & Payne?

Shares of HP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Helmerich & Payne own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Helmerich & Payne investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM), Chevron (CVX) and Tesla (TSLA).

Company Calendar

• Last Earnings: 11/13/2024
• Ex-Dividend for 12/2 Dividend: 11/18/2024
• Dividend Payable: 12/02/2024
• Today: 12/21/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Drilling oil & gas wells
• Sub-Industry: Oil & Gas Drilling
• Current Symbol: NYSE:HP
• CUSIP: 42345210
• CIK: 46765
• Web: www.hpinc.com
• Phone: 918-742-5531
• Fax: 918-742-0237
• Employees: 6,200
• Year Founded: 1920

Price Target and Rating

• Average Stock Price Target: $38.57
• High Stock Price Target: $50.00
• Low Stock Price Target: $33.00
• Potential Upside/Downside: +26.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.44
• Trailing P/E Ratio: 8.85
• Forward P/E Ratio: 9.76
• P/E Growth: 4.21
• Net Income: $344.17 million
• Net Margins: 12.48%
• Pretax Margin: 17.45%
• Return on Equity: 12.44%
• Return on Assets: 7.38%

Debt

• Debt-to-Equity Ratio: 0.61
• Current Ratio: 2.67
• Quick Ratio: 2.40

Sales & Book Value

• Annual Sales: $2.76 billion
• Price / Sales: 1.09
• Cash Flow: $6.81 per share
• Price / Cash Flow: 4.47
• Book Value: $29.54 per share
• Price / Book: 1.03

Miscellaneous

• Outstanding Shares: 98,755,000
• Free Float: 94,430,000
• Market Cap: $3.01 billion
• Optionable: Optionable
• Beta: 1.39