Helmerich & Payne (HP)

Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading 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.

Company profile

Ticker

Exchange

NYSE

Website

www.hpinc.com

CEO

John Lindsay

Incorporated

Delaware

Location

Oklahoma

Fiscal year end

Sep 30

Sector

Mining, Quarrying, and Oil and Gas Extraction > Drilling Oil and Gas Wells

Industry (SIC)

Drilling Oil & Gas Wells

Transocean • Valaris • Seadrill • Noble • Noble • Nabors Industries • Diamond Offshore Drilling • Patterson-UTI Energy • Vantage Drilling International • Borr Drilling ...

Former names

HELMERICH & PAYNE INC

SEC CIK

0000046765

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

4D Directional Services, L.L.C. • Helmerich & Payne (Argentina) Drilling Co • Helmerich & Payne (Boulder) Drilling Co. • Helmerich & Payne (Colombia) Drilling Co. • Helmerich & Payne Corporate Ventures, LLC • Helmerich & Payne del Ecuador, Inc. • Helmerich & Payne Equatorial Guinea, S.A.R.L. • Helmerich & Payne International Drilling Co. • Helmerich & Payne International Holdings, LLC • Helmerich & Payne Management, LLC ...

IRS number

730679879

HP stock data

1M 1Y 5Y

News

From Benzinga Pro

These 5 Dividend Payers Just Got A Lot More Attractive: Passive Income For Investors In The Energy Sector

15 Aug 22

Energy companies have generated record-breaking profits not seen since the last cycle, largely due to geopolitical conflict and supply concerns, sending prices skyrocketing.

Where Helmerich & Payne Stands With Analysts

1 Aug 22

Over the past 3 months, 7 analysts have published their opinion on Helmerich & Payne (NYSE:HP) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Morgan Stanley Maintains Underweight on Helmerich & Payne, Raises Price Target to $48

1 Aug 22

Morgan Stanley analyst Connor Lynagh maintains Helmerich & Payne (NYSE:HP) with a Underweight and raises the price target from $45 to $48.

Barclays Maintains Overweight on Helmerich & Payne, Raises Price Target to $58

1 Aug 22

Helmerich & Payne's Return On Capital Employed Insights

29 Jul 22

Press releases

From Benzinga Pro

Helmerich & Payne, Inc. Announces Third Quarter Results

27 Jul 22

The Company reported fiscal third quarter net income of $0.16 per diluted share; including select items(1) of $(0.11) per diluted share H&P's North America Solutions segment exited the third quarter of

Helmerich & Payne, Inc. Announces Fiscal Third Quarter 2022 Conference Call and Webcast

5 Jul 22

In conjunction with Helmerich & Payne, Inc.'s (NYSE:HP) fiscal third quarter 2022 earnings release, you are invited to listen to its conference call on Thursday, July 28, 2022, at 11:00 a.m. (ET) with John Lindsay,

Helmerich & Payne, Inc. To Participate in J.P. Morgan 2022 Energy, Power & Renewables Conference

17 Jun 22

Helmerich & Payne, Inc. (NYSE:HP) today announced that John Lindsay, President and Chief Executive Officer; Mark Smith, Senior Vice President and Chief Financial Officer; Mike Lennox, Senior Vice President of U.S.

Drillform enters manufacturing agreement with Helmerich & Payne International Drilling

7 Jun 22

Thinking about trading options or stock in NVIDIA, Autodesk, MicroStrategy, Block, or Helmerich & Payne?

27 May 22

Analyst ratings and price targets

Last 3 months

Average target

$49.20

Low target

$38.00

High target

$58.00

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

27 Jul 22

18 Aug 22

30 Sep 22

Financial summary

Financial statements Chart HP financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Sep 21	Sep 20	Sep 19	Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	222.59M	222.59M	222.59M	222.59M	222.59M	222.59M
Cash burn (monthly)	2.26M	16.61M	(no burn)	12.72M	(no burn)	(no burn)
Cash used (since last report)	3.73M	27.34M	n/a	20.95M	n/a	n/a
Cash remaining	218.86M	195.24M	n/a	201.64M	n/a	n/a
Runway (months of cash)	96.7	11.8	n/a	15.9	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

HP insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 Jun 22	Raymond John Adams III	Common Stock	Sell	Dispose S	No	Yes	40	1,500	60K	54,399
3 Jun 22	Thomas A. Petrie	Common Stock	Option exercise	Acquire M	No	No	47.29	1,208	57.13K	31,694
3 Jun 22	Thomas A. Petrie	Common Stock Common Stock	Option exercise	Acquire M	No	No	47.2	1,208	57.02K	0
3 May 22	Smith Mark W.	Common Stock	Sell	Dispose S	No	No	47.4	4,450	210.93K	98,107
1 May 22	Smith Mark W.	Common Stock	Payment of exercise	Dispose F	No	No	46.03	377	17.35K	102,557
10 Mar 22	Hair Cara M.	Common Stock	Sell	Dispose S	No	No	42.32	2,200	93.1K	94,930

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

HP institutional ownership history Ownership history

69.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	335	349	-4.0%
Opened positions	44	80	-45.0%
Closed positions	58	41	+41.5%
Increased positions	85	108	-21.3%
Reduced positions	150	105	+42.9%

13F shares	Current	Prev Q	Change
Total value	4.22B	4.09B	+3.2%
Total shares	98.11M	95.8M	+2.4%
Total puts	880.5K	819.4K	+7.5%
Total calls	619.11K	1.57M	-60.6%
Total put/call ratio	1.4	0.5	+172.6%

Largest owners	Shares	Value	Change
BLK Blackrock	17.29M	$744.5M	-0.0%
Vanguard	11.81M	$508.33M	+0.8%
State Farm Mutual Automobile Insurance	8.26M	$355.56M	0.0%
Alliancebernstein	5.82M	$250.46M	+340.0%
Dimensional Fund Advisors	4.83M	$207.83M	+4.3%
STT State Street	4.21M	$181.35M	-1.6%
Van Eck Associates	2.96M	$127.46M	-28.4%
Nuveen Asset Management	1.93M	$83.25M	+242.9%
Boston Trust Walden	1.81M	$77.94M	-8.5%
Geode Capital Management	1.81M	$77.74M	-0.4%

Largest transactions	Shares	Bought/sold	Change
Alliancebernstein	5.82M	+4.49M	+340.0%
Nuveen Asset Management	1.93M	+1.37M	+242.9%
Van Eck Associates	2.96M	-1.18M	-28.4%
JHG Janus Henderson	978.68K	+956.85K	+4384.0%
Parametric Portfolio Associates	0	-801.12K	EXIT
MS Morgan Stanley	1.36M	+780.2K	+135.6%
Wellington Management	778.63K	+778.63K	NEW
Capital World Investors	747.5K	+747.5K	NEW
Clark Capital Management	0	-680.9K	EXIT
ARGA Investment Management	0	-676.86K	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: biomethane, consulting, consumption, correlation, counsel, COVID, earlier, Holdco, hydrogen, inhibit, judge, judgement, lapse, liquification, lump, momentum, nominal, noncontributory, quantity, ready, Remittitur, reset, slowdown, sum, tight, traditionally

Removed: advent, annualized, averaged, barrel, built, disinfecting, downturn, dramatic, drilled, evolve, fell, fully, governmental, grow, growing, infection, initially, introduced, length, notification, Ohio, outbreak, periodic, perspective, planned, predicted, progression, protracted, reaching, reside, roughly, sharp, shorter, shut, spacing, stemming, stringent, tighter, world

From filing 10-Q 2022 Q3

Financial reports

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