Helmerich & Payne
HP

$40.09

2.36%

Market Cap: 3.96B

About: Helmerich & Payne maintains one of the largest fleets of land drilling rigs in the US. The company's FlexRig line is the leading choice to drill horizontal wells for production of US tight oil and gas. H&P is present in nearly every major US shale play and has a small but growing presence internationally.

Employees: 6,200

Energy Drilling Oil & Gas Wells

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 11 analysts

0

News positive %

of 12 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

59% more call options, than puts

Call options by funds: $21.3M | Put options by funds: $13.4M

15% more first-time investments, than exits

New positions opened: 62 | Existing positions closed: 54

14% more capital invested

Capital invested by funds: $3.8B [Q4 2023] → $4.35B (+$550M) [Q1 2024]

2% more funds holding

Funds holding: 386 [Q4 2023] → 394 (+8) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

0.85% less ownership

Funds ownership: 105.52% [Q4 2023] → 104.67% (-0.85%) [Q1 2024]

16% less repeat investments, than reductions

Existing positions increased: 130 | Existing positions reduced: 155

See Fund Rankings

Research analyst outlook

11 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$36

10%

downside

Avg. target

$46

14%

upside

High target

$52

30%

upside

11 analyst ratings

5 positive

45%

6 neutral

55%

0 negative

0%

RBC Capital Keith Mackey	25%upside $50	Sector Perform Maintained	26 Jul 2024
B of A Securities Chase Mulvehill	0%downside $40	Buy Maintained	15 Jul 2024
Piper Sandler Ian Macpherson	10%downside $36	Neutral Maintained	15 Jul 2024
Piper Sandler Ian Macpherson	3%downside $39	Neutral Maintained	6 May 2024
Susquehanna Charles Minervino	25%upside $50	Positive Maintained	26 Apr 2024

See Analyst Rankings

Financial journalist opinion

Based on 12 articles about HP published over the past 30 days

Zacks Investment Research

Helmerich & Payne (HP) to Buy KCA Deutag for $1.97B in Cash

Helmerich & Payne (HP) agrees to acquire KCA Deutag for $1.9725 billion in cash to accelerate international expansion, particularly in the Middle East, creating a global drilling powerhouse.

Helmerich & Payne (HP) to Buy KCA Deutag for $1.97B in Cash

Helmerich & Payne, Inc. (HP) Q3 2024 Earnings and Acquisition of KCA Deutag Call Transcript

Helmerich & Payne, Inc. (NYSE:HP ) Q3 2024 Earnings and Acquisition of KCA Deutag Call July 25, 2024 11:00 AM ET Company Participants Dave Wilson – Vice President-Investor Relations John Lindsay – President and Chief Executive Officer Mark Smith – Senior Vice President and Chief Financial Officer Conference Call Participants Saurabh Pant – Bank of America Merrill Lynch Keith MacKey – RBC David Smith – Pickering Energy Partners Doug Becker – Capital One Marc Bianchi – TD Cowen Operator Good day, everyone, and welcome to today's Helmerich & Payne's Fiscal Third Quarter Earnings and Acquisition of KCA Deutag Call. [Operator Instructions] And as a reminder, today's call is being recorded.

Helmerich & Payne, Inc. (HP) Q3 2024 Earnings and Acquisition of KCA Deutag Call Transcript

Zacks Investment Research

Helmerich & Payne (HP) Q3 Earnings and Sales Beat Estimates

Helmerich & Payne (HP) estimates a capital expenditure of $500 million for the fiscal year 2024, with depreciation and amortization expenses of $400 million.

Helmerich & Payne (HP) Q3 Earnings and Sales Beat Estimates

Helmerich & Payne to buy KCA Deutag for $1.97 billion

Oilfield services firm Helmerich & Payne Inc said on Thursday it will acquire KCA Deutag International for $1.97 billion in cash.

Helmerich & Payne to buy KCA Deutag for $1.97 billion

Helmerich & Payne Announces Agreement to Acquire KCA Deutag

TULSA, Okla. & ABERDEEN, Scotland--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) (“H&P” or the “Company”) and KCA Deutag International Limited (“KCA Deutag”) today announced a definitive agreement under which H&P will acquire KCA Deutag for $1.9725 billion in cash. KCA Deutag is a diverse global drilling company. The company has a significant land drilling presence in the Middle East, which represents approximately two-thirds of the company's calendar year 2023 Operating EBITD.

Helmerich & Payne Announces Agreement to Acquire KCA Deutag

JCPenney Introduces Sweetest Collaboration Yet in Exclusive Collection with HARIBO®

PLANO, Texas--(BUSINESS WIRE)-- #JCPenney--JCPenney x HARIBO is JCPenney's sweetest collaboration yet.

JCPenney Introduces Sweetest Collaboration Yet in Exclusive Collection with HARIBO®

Introducing Sabrina Carpenter's Newest Fragrance: Cherry Baby

NEW YORK--(BUSINESS WIRE)--Multi-hyphenate singer, songwriter, and actress, Sabrina Carpenter shares the expansion of her Sweet Tooth collection with her third fragrance, Cherry Baby, in continued partnership with Scent Beauty. This pivotal launch marks a new era for the brand as the pop sensation's following continues to grow and connect with fans through her fragrance in anticipation of her album release later this month and her sold out tour this fall. Cherry Baby is designed to capture a mo.

Introducing Sabrina Carpenter's Newest Fragrance: Cherry Baby

Zacks Investment Research

Helmerich & Payne (HP) Tops Q3 Earnings and Revenue Estimates

Helmerich & Payne (HP) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $1.09 per share a year ago.

Helmerich & Payne (HP) Tops Q3 Earnings and Revenue Estimates

Helmerich & Payne, Inc. Announces Fiscal Third Quarter Results

TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) reported net income of $89 million, or $0.88 per diluted share, from operating revenues of $698 million for the quarter ended June 30, 2024, compared to net income of $85 million, or $0.84 per diluted share, from operating revenues of $688 million for the quarter ended March 31, 2024. The net income per diluted share for the third and second quarters of fiscal year 2024 include net $(0.04) and net $0.00 of after-tax gains and.

Helmerich & Payne, Inc. Announces Fiscal Third Quarter Results

Zacks Investment Research

What's in Store for Helmerich & Payne (HP) in Q3 Earnings?

Helmerich & Payne (HP) is anticipated to report a decline in fiscal third-quarter revenues from the year-ago period's level. On the bright side, the company is also expected to see a reduction in operating costs and expenses.

What's in Store for Helmerich & Payne (HP) in Q3 Earnings?

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