HP Helmerich & Payne, Inc.
Helmerich & Payne, Inc. engages in contract drilling of oil and gas well. It operates through the following segments: U.S. Land, Offshore, International Land and Helmerich and Payne Technologies. The U.S. Land segment operates its drilling business primarily in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Mississippi, Pennsylvania, Ohio, Utah, New Mexico, Montana, North Dakota, West Virginia and Nevada. The Offshore segment conducts its business in the Gulf of Mexico and Equatorial Guinea. The International Land segment operates in six international locations including Ecuador, Colombia, Argentina, Bahrain, United Arab Emirates, and Mozambique. The Helmerich and Payne Technologies segment focuses on developing, promoting and commercializing technologies designed to improve the efficiency and accuracy of drilling operations, as well as wellbore quality and placement. The company was founded by Walter Helmerich Hugo II and William Payne in 1920 and is headquartered in Tulsa, OK.
Company profile
Ticker
HP
Exchange
Website
CEO
John W. Lindsay
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Helmerich & Payne Inc
SEC CIK
Corporate docs
IRS number
730679879
HP stock data
()
Investment data
Securities sold
Number of investors
Calendar
4 May 20
6 Jul 20
30 Sep 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 633.64M | 614.66M | 649.05M | 687.97M | |
| Net income | -420.54M | 30.61M | 41.18M | -154.68M | |
| Diluted EPS | -3.88 | 0.27 | 0.37 | -1.42 | |
| Net profit margin | -66.37% | 4.98% | 6.34% | -22.48% | |
| Operating income | -518.54M | 31.37M | 39.02M | -167.87M | |
| Net change in cash | -18.92M | 7.07M | 13.17M | 90.86M | |
| Cash on hand | 336.09M | 355.01M | 347.94M | 334.78M |
| Annual (USD) | Sep 19 | Sep 18 | Sep 17 | Sep 16 | |
|---|---|---|---|---|---|
| Revenue | 2.8B | 2.49B | 1.8B | 1.62B | |
| Net income | -33.66M | 482.67M | -128.21M | -56.83M | |
| Diluted EPS | -0.34 | 4.37 | -1.2 | -0.54 | |
| Net profit margin | -1.20% | 19.41% | -7.10% | -3.50% | |
| Operating income | 20.58M | 32.96M | -169.09M | -25.97M | |
| Net change in cash | 63.59M | -237.02M | -384.19M | 176.18M | |
| Cash on hand | 347.94M | 284.36M | 521.38M | 905.56M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 1 May 20 | Smith Mark W. | Common Stock | Payment of exercise | Dispose F | No | 16.81 | 450 | 7.56K | 35,701 |
| 16 Mar 20 | Thomas A. Petrie | Common Stock | Grant | Aquire A | No | 34.92 | 5,154 | 179.98K | 19,451 |
| 16 Mar 20 | Zeglis John D | Common Stock | Grant | Aquire A | No | 34.92 | 5,154 | 179.98K | 41,085 |
| 16 Mar 20 | Edward B Rust JR | Common Stock | Grant | Aquire A | No | 34.92 | 5,154 | 179.98K | 50,232 |
| 16 Mar 20 | Delaney Murchison Bellinger | Phantom Stock Common Stock | Grant | Aquire A | No | 34.92 | 5,154 | 179.98K | 5,154 |
Institutional ownership Q1 2020
91.6% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 357 |
| Opened positions | 47 |
| Closed positions | 127 |
| Increased positions | 139 |
| Reduced positions | 123 |
13F shares |
Current |
|---|---|
| Total value | 7.45B |
| Total shares | 98.38M |
| Total puts | 737.1K |
| Total calls | 642.2K |
| Total put/call ratio | 1.1 |
Largest owners |
Shares | Value |
|---|---|---|
| STT State Street | 17.61M | $275.54M |
| Vanguard | 12.23M | $191.48M |
| BLK BlackRock | 9.16M | $143.31M |
| State Farm Mutual Automobile Insurance | 8.26M | $129.23M |
| Dimensional Fund Advisors | 4.26M | $66.65M |
| IVZ Invesco | 2.52M | $39.41M |
| PUK Prudential | 2.08M | $32.56M |
| Geode Capital Management | 1.95M | $30.46M |
| Capital World Investors | 1.9M | $29.74M |
| C Citigroup | 1.86M | $29.15M |
Financial report summary
?Risks
- Our business depends on the level of activity in the oil and natural gas industry, which is significantly impacted by the volatility of oil and natural gas prices and other factors.
- The contract drilling services business is highly competitive, and a surplus of available drilling rigs may adversely affect our rig utilization and profit margins.
- Reliance on management and competition for experienced personnel may negatively impact our operations or financial results.
Content analysis
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New words:
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Removed:
acknowledge, Adjusting, deploy, economically, eventual, flat, frame, long, MOTIVE, nonvested, prepare, professional, reactivating, recovered, requirement, selected, sporadic, stable, summer, validation
Financial reports
10-Q
2020 Q2
Quarterly report
4 May 20
10-Q
2020 Q1
Quarterly report
5 Feb 20
10-K
2019 FY
Annual report
15 Nov 19
10-Q
2019 Q3
Quarterly report
26 Jul 19
10-Q
2019 Q2
Quarterly report
29 Apr 19
10-Q
2019 Q1
Quarterly report
30 Jan 19
10-K
2018 FY
Annual report
16 Nov 18
10-Q
2018 Q3
Quarterly report
1 Aug 18
10-Q
2018 Q2
Quarterly report
4 May 18
10-Q
2018 Q1
Quarterly report
2 Feb 18
Current reports
8-K
Other Events
3 Jun 20
8-K
Departure of Directors or Certain Officers
5 May 20
8-K
Helmerich & Payne, Inc. Announces Second Quarter Results
30 Apr 20
8-K
Helmerich & Payne, Inc. Provides Capital Allocation Update and Announces Fiscal Second Quarter 2020 Conference Call and Webcast
31 Mar 20
8-K
Regulation FD Disclosure
23 Mar 20
8-K
Departure of Directors or Certain Officers
4 Mar 20
8-K
Regulation FD Disclosure
14 Feb 20
8-K
Helmerich & Payne, Inc. Announces First Quarter Results
3 Feb 20
8-K
HELMERICH & PAYNE, INC. Data as of 11/14/2019 unless otherwise noted. Goldman Sachs Global Energy Conference January 2020
3 Jan 20
8-K
Other Events
13 Dec 19
Registration and prospectus
S-8
Registration of securities for employees
13 Mar 20
424B3
Prospectus supplement
15 Feb 19
S-4
Registration of securities issued in business combination transactions
29 Jan 19
S-3ASR
Automatic shelf registration
25 Jan 19
D
$12M in equity, sold $12M, 2 investors
15 Dec 17
S-8
Registration of securities for employees
10 Aug 16
424B3
Prospectus supplement
16 Jul 15
S-4
Registration of securities issued in business combination transactions
25 Jun 15
S-8
Registration of securities for employees
19 Sep 11
S-8
Registration of securities for employees
6 Sep 06
Proxies
DEFA14A
Additional proxy soliciting materials
21 Jan 20
DEF 14A
Definitive proxy
21 Jan 20
DEFA14A
Additional proxy soliciting materials
22 Jan 19
DEF 14A
Definitive proxy
22 Jan 19
DEF 14A
Definitive proxy
23 Jan 18
DEFA14A
Additional proxy soliciting materials
23 Jan 18
DEF 14A
Definitive proxy
17 Jan 17
DEFA14A
Additional proxy soliciting materials
17 Jan 17
DEF 14A
Definitive proxy
19 Jan 16
DEFA14A
Additional proxy soliciting materials
19 Jan 16
Other
EFFECT
Notice of effectiveness
19 Feb 19
EFFECT
Notice of effectiveness
16 Jul 15
CORRESP
Correspondence with SEC
13 Jul 15
UPLOAD
Letter from SEC
1 Jul 15
CORRESP
Correspondence with SEC
25 Jun 15
UPLOAD
Letter from SEC
27 Jan 12
CORRESP
Correspondence with SEC
24 Jan 12
UPLOAD
Letter from SEC
20 Jan 12
NO ACT
No action letter
23 Dec 11
UPLOAD
Letter from SEC
22 Apr 09
Ownership
SC 13G/A
Helmerich & Payne / BlackRock ownership change
9 Jun 20
SC 13G/A
Helmerich & Payne / STATE STREET ownership change
11 May 20
4
Helmerich & Payne / Mark W. Smith ownership change
5 May 20
4
Helmerich & Payne / HANS HELMERICH ownership change
17 Mar 20
4
Helmerich & Payne / JOSE RAMON MAS ownership change
17 Mar 20
4
Helmerich & Payne / Kevin G. Cramton ownership change
17 Mar 20
4
Helmerich & Payne / Donald F Robillard JR ownership change
17 Mar 20
4
Helmerich & Payne / Mary M VanDeWeghe ownership change
17 Mar 20
4
Helmerich & Payne / Randy A Foutch ownership change
17 Mar 20
4
Helmerich & Payne / Delaney Murchison Bellinger ownership change
17 Mar 20
Patents
GRANT
Utility
System and method for controlling a drilling path based on drift estimates in a rotary steerable system
16 Jun 20
A method for drilling, comprising receiving, by a surface steerable system coupled to a drilling rig, BHA information from a rotary steerable bottom hole assembly (BHA) located in a borehole, calculating, by the surface steerable system, torsional and spatial forces acting on the rotary steerable BHA at a first location of the rotary steerable BHA with respect to a target drilling path responsive to the BHA information, calculating, by the surface steerable system, a first vector to create a convergence path from the first location of the rotary steerable BHA to the target drilling path that accounts for the torsional and the spatial forces acting on the rotary steerable BHA, causing, by the surface steerable system, at least one drilling parameter to be modified in order to alter a drilling direction of the rotary steerable BHA based on the calculated first vector, transmitting the at least one drilling parameter to the drilling rig to target the rotary steerable BHA in accordance with the first vector, and drilling the borehole using the rotary steerable BHA in response to the at least one drilling parameter.
APP
Utility
Mobile Boom System
4 Jun 20
A boom system for utility service lines (such as cables, wires, hoses, pipes, etc.) for a drilling rig.
APP
Utility
Apparatus and Methods for Automated Slide Drilling
28 May 20
An automated slide drilling system (ASDS) may be used with a drilling rig system to control slide drilling.
APP
Utility
System and Method for Measuring Characteristics of Cuttings From Drilling Operations with Computer Vision
21 May 20
System and method for measuring the characteristics of drill cuttings.
APP
Utility
Apparatus and Methods for Determining Information from a Well
14 May 20
A system for drilling a well may be adapted to process signals received from a fiber optic cable located in the casing of a previously drilled well or wells.