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, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, 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, 2020, the company operated a fleet of 262 land rigs in North America; 32 international land rigs; and 8 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 389,000 leasable square feet; retail and multi-tenant warehouse space; and approximately 210 acres of undeveloped real estate located in Tulsa, Oklahoma. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.
IPO Year:
Exchange: NYSE
Website: hpinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/16/2024 | Buy → Hold | The Benchmark Company | |
| 1/10/2024 | $44.00 → $40.00 | Overweight → Equal Weight | Barclays |
| 1/8/2024 | $47.00 → $41.00 | Overweight → Neutral | Piper Sandler |
| 1/2/2024 | Buy → Neutral | Seaport Research Partners | |
| 7/19/2023 | Hold → Buy | The Benchmark Company | |
| 7/10/2023 | $53.00 → $45.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 6/28/2023 | $40.00 | Equal Weight | CapitalOne |
| 4/18/2023 | $60.00 → $45.00 | Equal-Weight → Underweight | Morgan Stanley |
| 1/19/2023 | Hold | The Benchmark Company | |
| 1/9/2023 | Neutral → Buy | BofA Securities |
4 - Helmerich & Payne, Inc. (0000046765) (Issuer)
3 - Helmerich & Payne, Inc. (0000046765) (Issuer)
4 - Helmerich & Payne, Inc. (0000046765) (Issuer)
4 - Helmerich & Payne, Inc. (0000046765) (Issuer)
4 - Helmerich & Payne, Inc. (0000046765) (Issuer)
4 - Helmerich & Payne, Inc. (0000046765) (Issuer)
4 - Helmerich & Payne, Inc. (0000046765) (Issuer)
4 - Helmerich & Payne, Inc. (0000046765) (Issuer)
4 - Helmerich & Payne, Inc. (0000046765) (Issuer)
4 - Helmerich & Payne, Inc. (0000046765) (Issuer)
The Company reported fiscal fourth quarter and fiscal year 2024 net income of $0.76 and $3.43 per diluted share, respectively, including select items(1) that had a neutral impact on fiscal fourth quarter diluted earnings per share and a $(0.07) per share impact on fiscal year diluted share The North America Solutions ("NAS") segment exited the fourth quarter of fiscal year 2024 with 151 active rigs and recognized revenue per day of approximately $39,100/day with associated direct margins(2) per day of $19,800/day during the quarter Quarterly NAS operating income decreased $8 million sequentially to $156 million; while direct margins(2) decreased $3 million to approximately $275 mil
Falcon Oil & Gas Ltd.("Falcon" or "Company") Beetaloo Operations Update 12 November 2024 – Falcon Oil & Gas Ltd. (TSXV:FO, AIM: FOG)) notes the release of Tamboran Resources Corporation 1Q FY25 results and provides an update on operations in exploration permit 98 in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited's ("Falcon Australia") joint venture partner, Tamboran (B2) Pty Limited ("Tamboran B2"). On 30 August 2024 Falcon announced the 2024 drilling programme with the spudding of the Shenandoah South 2H ("SS2H") horizontal well in EP98 with the Helmerich & Payne (NYSE:HP) FlexRig® super-spec rig. The SS2H well
In conjunction with Helmerich & Payne, Inc.'s (NYSE:HP) fiscal fourth quarter 2024 earnings release, you are invited to listen to its conference call on Thursday, November 14, 2024, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Kevin Vann, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. Investors may listen to the conference call either by phone or audio webcast. What: Helmerich & Payne, Inc.'s Fiscal Fourth Quarter 2024 Earnings Release. Other material developments may also be discussed. When: 11:00 a.m. ET (10:00 a.m. CT), Thursday, November 14, 2024 Via Phone:
Helmerich & Payne, Inc. (NYSE:HP) ("H&P" or the "Company") announced today that it has priced an offering (the "Offering") of $1.25 billion aggregate principal amount of senior notes, comprised of the following tranches (collectively, the "Notes"): $350 million aggregate principal amount of 4.650% senior notes due 2027 to be issued at a price equal to 99.958% of their face value, $350 million aggregate principal amount of 4.850% senior notes due 2029 to be issued at a price equal to 99.883% of their face value and $550 million aggregate principal amount of 5.500% senior notes due 2034 to be issued at a price equal to 99.670% of their face value. The Offering is expected to close on Septemb
Helmerich & Payne, Inc. (NYSE:HP) ("H&P" or the "Company") announced today that it intends to offer senior unsecured notes (the "Notes") in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act (the "Offering"). The timing of pricing and terms of the Notes are subject to market conditions and other factors. The Company intends to use the net proceeds from the Offering, together with the proceeds of its term loan credit facility and cash on hand, to finance the p
Highlights Tamboran Resources Corporation has commenced its Shenandoah South (SS) Pilot Project drilling program with the spudding of the Shenandoah South 2 (SS-2H) well in EP 98. The SS-2H well is being drilled off a new pad located approximately 3 miles north of the Shenandoah South 1H (SS-1H) well and within the Tamboran-operated SS Pilot Project area (47.5% working interest). Following the drilling of the SS-2H well, Tamboran will immediately drill the Shenandoah South 3H (SS-3H) well off the same pad ahead of the stimulation program. The SS-2H and SS-3H wells will be drilled with the Helmerich & Payne (NYSE:HP) super-spec FlexRig® Flex 3 rig and will target the Middle Velkerri
Helmerich & Payne, Inc. (NYSE:HP) today announced that John Lindsay, President and Chief Executive Officer; Kevin Vann, Senior Vice President and Chief Financial Officer; Trey Adams, Senior Vice President of Digital Operations, Sales, and Marketing; and Dave Wilson, Vice President of Investor Relations plan to participate in the following investor conferences during the month of September 2024. Participation by the management team will vary by event. Barclays 38th Annual CEO Energy-Power Conference on Wednesday and Thursday, September 4-5, 2024; Mr. Lindsay will participate in a panel discussion on behalf of the Company on Wednesday, September 4, 2024 at 11:30 a.m. U.S. ET. Pickering
Helmerich & Payne, Inc. (NYSE:HP) today announced the hiring of J. Kevin Vann as the Chief Financial Officer Designate, effective August 5, 2024. Vann will be appointed to succeed Mark W. Smith as Chief Financial Officer (CFO) upon Smith's retirement from that position, which as previously announced, will occur on August 15, 2024. Vann brings extensive public company financial and accounting experience in the oil and gas industry, which will be instrumental as H&P continues to grow and expand its market presence. Before joining H&P, he served as Chief Financial Officer at WPX Energy, Inc. (NYSE:WPX) from 2014 to 2021. Prior to becoming Chief Financial Officer for WPX, he served as the com
Establishes H&P as a global leader in onshore drilling Immediately accretive to cash flow and free cash flow per share Enhances scale and diversification, now with leading positions in the U.S. and Middle East, the two most prominent oil and gas producing regions in the world Increases H&P's Middle East rig count(1) from 12 rigs to 88 rigs; positioning the Company as one of the largest rig providers in the Middle East market Expects to maintain its high-quality investment grade credit rating Adds complementary, asset-light global offshore management contract business and manufacturing and engineering operations in Europe and Middle East H&P to host a conference call to di
The Company reported fiscal third quarter net income of $89 million, or $0.88 per diluted share; including select items(1) of $(0.04) per diluted share The North America Solutions ("NAS") segment exited the third quarter of fiscal year 2024 with 146 active rigs and recognized revenue per day of $39,800/day with associated direct margins(2) per day of $20,300/day during the quarter Quarterly NAS operating income increased $16 million sequentially; while direct margins(2) increased by $6 million to $277 million, as revenues increased by $6 million to $620 million and expenses remained relatively flat at $343 million H&P's NAS segment anticipates exiting the fourth quarter of fisc
SC 13G/A - Helmerich & Payne, Inc. (0000046765) (Subject)
SC 13G/A - Helmerich & Payne, Inc. (0000046765) (Subject)
SC 13G - Helmerich & Payne, Inc. (0000046765) (Subject)
SC 13G/A - Helmerich & Payne, Inc. (0000046765) (Subject)
SC 13G/A - Helmerich & Payne, Inc. (0000046765) (Subject)
SC 13G/A - Helmerich & Payne, Inc. (0000046765) (Subject)
SC 13G/A - Helmerich & Payne, Inc. (0000046765) (Subject)
SC 13G/A - Helmerich & Payne, Inc. (0000046765) (Subject)
SC 13G/A - Helmerich & Payne, Inc. (0000046765) (Subject)
SC 13G/A - Helmerich & Payne, Inc. (0000046765) (Subject)
4 - Helmerich & Payne, Inc. (0000046765) (Issuer)
10-K - Helmerich & Payne, Inc. (0000046765) (Filer)
8-K - Helmerich & Payne, Inc. (0000046765) (Filer)
8-K - Helmerich & Payne, Inc. (0000046765) (Filer)
8-K - Helmerich & Payne, Inc. (0000046765) (Filer)
8-K - Helmerich & Payne, Inc. (0000046765) (Filer)
8-K - Helmerich & Payne, Inc. (0000046765) (Filer)
8-K - Helmerich & Payne, Inc. (0000046765) (Filer)
8-K - Helmerich & Payne, Inc. (0000046765) (Filer)
8-K - Helmerich & Payne, Inc. (0000046765) (Filer)
10-Q - Helmerich & Payne, Inc. (0000046765) (Filer)
The Benchmark Company downgraded Helmerich & Payne from Buy to Hold
Barclays downgraded Helmerich & Payne from Overweight to Equal Weight and set a new price target of $40.00 from $44.00 previously
Piper Sandler downgraded Helmerich & Payne from Overweight to Neutral and set a new price target of $41.00 from $47.00 previously
Seaport Research Partners downgraded Helmerich & Payne from Buy to Neutral
The Benchmark Company upgraded Helmerich & Payne from Hold to Buy
RBC Capital Mkts downgraded Helmerich & Payne from Outperform to Sector Perform and set a new price target of $45.00 from $53.00 previously
CapitalOne initiated coverage of Helmerich & Payne with a rating of Equal Weight and set a new price target of $40.00
Morgan Stanley downgraded Helmerich & Payne from Equal-Weight to Underweight and set a new price target of $45.00 from $60.00 previously
The Benchmark Company initiated coverage of Helmerich & Payne with a rating of Hold
BofA Securities upgraded Helmerich & Payne from Neutral to Buy
Helmerich & Payne, Inc. (NYSE:HP) today announced that Mark W. Smith, Senior Vice President and Chief Financial Officer, has informed the Company of his intention to retire in August of 2024. The Company has commenced a search process to identify CFO candidates. Mr. Smith will continue to serve in his current role until a successor is identified and has an opportunity to effectively transition into that position. Accordingly, Mr. Smith will remain as a senior advisor to the Company until December 2024 after his retirement date. President and CEO John Lindsay commented, "During Mark's nearly six-year tenure, he has played a pivotal role in helping navigate some of the most difficult times
Falcon Oil & Gas Ltd.("Falcon") Operational Update including the Successful Drilling of Amungee NW 3H Horizontal Well 16 October 2023 - Falcon Oil & Gas Ltd. (TSXV:FO, AIM: FOG))) is pleased to announce that drilling operations on the Amungee NW 3H ("A3H") well in EP98 have been successfully completed with Falcon Oil & Gas Australia Limited's joint venture partner, Tamboran (B2) Pty Limited. Details of operations are as follows: The A3H well was drilled, cased and cemented to a total measured depth ("TD") of 3,837 metres, including a horizontal section of 1,100 metres in the Amungee Member B-shale.The well intersected the Amungee Member B-shale at a total vertical depth ("TVD") of 2,272
Helmerich & Payne, Inc. (NYSE:HP) today announced that Elizabeth Killinger was appointed to the Company's Board of Directors. Killinger is currently Executive Vice President, NRG Home, a division of NRG Energy, Inc. (NYSE:NRG), which provides residential power and gas services to millions of customers through multiple brands and channels in the United States and Canada. She has over 30 years of domestic and international experience in the energy and services industries, including 20 years with NRG and its predecessors. Prior to joining NRG, Killinger spent a decade providing strategy, management and systems consulting to energy, oilfield services and retail distribution companies across t
Helmerich & Payne, Inc. (NYSE:HP) today announced that Belgacem Chariag was appointed to the Company's Board of Directors. Chariag is currently the Chairman, President and Chief Executive Officer of PQ Group Holdings, a leading integrated and innovative global provider of specialty catalysts, materials, chemicals and services. He served in multiple positions with Baker Hughes in his 9-year tenure where he rose to Chief Global Operations Officer. Prior to that role he served as President, Eastern Hemisphere; President, Global Products and Services; Chief Integration Officer; and President Global Operations. He also held various senior level positions during his 20-years with Schlumberger.
The Company reported fiscal fourth quarter and fiscal year 2024 net income of $0.76 and $3.43 per diluted share, respectively, including select items(1) that had a neutral impact on fiscal fourth quarter diluted earnings per share and a $(0.07) per share impact on fiscal year diluted share The North America Solutions ("NAS") segment exited the fourth quarter of fiscal year 2024 with 151 active rigs and recognized revenue per day of approximately $39,100/day with associated direct margins(2) per day of $19,800/day during the quarter Quarterly NAS operating income decreased $8 million sequentially to $156 million; while direct margins(2) decreased $3 million to approximately $275 mil
In conjunction with Helmerich & Payne, Inc.'s (NYSE:HP) fiscal fourth quarter 2024 earnings release, you are invited to listen to its conference call on Thursday, November 14, 2024, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Kevin Vann, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. Investors may listen to the conference call either by phone or audio webcast. What: Helmerich & Payne, Inc.'s Fiscal Fourth Quarter 2024 Earnings Release. Other material developments may also be discussed. When: 11:00 a.m. ET (10:00 a.m. CT), Thursday, November 14, 2024 Via Phone:
Establishes H&P as a global leader in onshore drilling Immediately accretive to cash flow and free cash flow per share Enhances scale and diversification, now with leading positions in the U.S. and Middle East, the two most prominent oil and gas producing regions in the world Increases H&P's Middle East rig count(1) from 12 rigs to 88 rigs; positioning the Company as one of the largest rig providers in the Middle East market Expects to maintain its high-quality investment grade credit rating Adds complementary, asset-light global offshore management contract business and manufacturing and engineering operations in Europe and Middle East H&P to host a conference call to di
The Company reported fiscal third quarter net income of $89 million, or $0.88 per diluted share; including select items(1) of $(0.04) per diluted share The North America Solutions ("NAS") segment exited the third quarter of fiscal year 2024 with 146 active rigs and recognized revenue per day of $39,800/day with associated direct margins(2) per day of $20,300/day during the quarter Quarterly NAS operating income increased $16 million sequentially; while direct margins(2) increased by $6 million to $277 million, as revenues increased by $6 million to $620 million and expenses remained relatively flat at $343 million H&P's NAS segment anticipates exiting the fourth quarter of fisc
In conjunction with Helmerich & Payne, Inc.'s (NYSE:HP) fiscal third quarter 2024 earnings release, you are invited to listen to its conference call on Thursday, July 25, 2024, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Mark Smith, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. Investors may listen to the conference call either by phone or audio webcast. What: Helmerich & Payne, Inc.'s Fiscal Third Quarter 2024 Earnings Release. Other material developments may also be discussed. When: 11:00 a.m. ET (10:00 a.m. CT), Thursday, July 25, 2024
The Company reported fiscal second quarter net income of $85 million, or $0.84 per diluted share; including select items(1) that had a neutral impact on diluted earnings per share The North America Solutions ("NAS") segment exited the second quarter of fiscal year 2024 with 152 active rigs with revenue per day averaging approximately $38,200/day, flat on a sequential basis; while direct margins(2) per day increased by approximately $500/day to $19,200/day Quarterly NAS operating income increased $3 million sequentially; while direct margins(2) increased by $15 million to approximately $271 million, as revenues increased by $19 million to $613 million and expenses increased by $4 mill
In conjunction with Helmerich & Payne, Inc.'s (NYSE:HP) second quarter 2024 earnings release, you are invited to listen to its conference call on Thursday, April 25, 2024, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Mark Smith, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. Investors may listen to the conference call either by phone or audio webcast. What: Helmerich & Payne, Inc.'s Fiscal Second Quarter 2024 Earnings Release. Other material developments may also be discussed. When: 11:00 a.m. ET (10:00 a.m. CT), Thursday, April 25, 2024 Via Phone: Domestic: 800-267-6
The North America Solutions ("NAS") segment exited the first quarter of fiscal year 2024 with 151 active rigs and experienced an increase in revenue per day of approximately $1,000/day to $38,300/day on a sequential basis, while direct margins(1) per day increased by approximately $1,200/day to $18,700/day The Company reported fiscal first quarter net income of $95 million, or $0.94 per diluted share; including select items(2) of $(0.03) per diluted share Quarterly NAS operating income increased $16 million sequentially, while direct margins(1) increased $17 million to approximately $256 million, as revenues increased by $19 million to $594 million and expenses increased by $2 millio
In conjunction with Helmerich & Payne, Inc.'s (NYSE:HP) first quarter 2024 earnings release, you are invited to listen to its conference call on Tuesday, January 30, 2024, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Mark Smith, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. Investors may listen to the conference call either by phone or audio webcast. What: Helmerich & Payne, Inc.'s Fiscal First Quarter 2024 Earnings Release. Other material developments may also be discussed. When: 11:00 a.m. ET (10:00 a.m. CT), Tuesday, January 30, 2024
H&P announced its fiscal 2024 Supplemental Shareholder Return Plan(1), which is currently projected to provide approximately $168 million to shareholders comprised of established base and supplemental dividends in fiscal year 2024 The Company reported fiscal fourth quarter and fiscal year 2023 net income of $0.77 and $4.16 per diluted share, respectively, including select items(2) of $0.08 and $0.01 per diluted share, respectively The North America Solutions segment exited the fourth quarter of fiscal year 2023 with 147 active rigs reflecting an increase in revenue per day of approximately $200/day to $37,300/day on a sequential basis, while direct margins(3) per day decreased by rou
Establishes H&P as a global leader in onshore drillingImmediately accretive to cash flow and free cash flow per shareEnhances scale and diversification, now with leading positions in the U.S. and Middle East, the two most prominent oil and gas producing regions in the worldIncreases H&P's Middle East rig count(1) from 12 rigs to 88 rigs; positioning the Company as one of the largest rig providers in the Middle East marketExpects to maintain its high-quality investment grade credit ratingAdds complementary, asset-light global offshore management contract business and manufacturing and engineering operations in Europe and Middle EastH&P to host a conference call to discuss its fiscal third qua
B of A Securities analyst Chase Mulvehill maintains Helmerich & Payne (NYSE:HP) with a Buy and lowers the price target from $42.5 to $40.
Ratings for Helmerich & Payne (NYSE:HP) were provided by 3 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 1 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $41.67, a high estimate of $50.00, and a low estimate of $36.00. A decline of 7.4% from the prior average price target is evident in
Piper Sandler analyst Ian Macpherson maintains Helmerich & Payne (NYSE:HP) with a Neutral and lowers the price target from $39 to $36.
- Bloomberg
Growth stocks are experiencing a remarkable resurgence, posting their best month in over a year when compared to value stocks, as the rally in tech and mega caps continues to dominate market dynamics. The iShares Russell 1000 Growth ETF (NYSE:IWF) has surged by 6.5% so far in June 2024. This gain puts it on track for its seventh month of increases in the last eight. Investors have shown elevated confidence in growth-oriented sectors, particularly technology, which continues to benefit from strong earnings reports, heightened expectations for future cash flows and positive market sentiment, especially towards AI-related industries. In stark contrast, the iShares Russell 1000 Value E
Piper Sandler analyst Ian Macpherson maintains Helmerich & Payne (NYSE:HP) with a Neutral and lowers the price target from $44 to $39.