Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $73.64 USD
Change Today -2.14 / -2.82%
Volume 2.1M
HP On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

helmerich & payne (HP) Key Developments

Auto-Dril Files Patent Infringement Lawsuit against Pason Systems Inc., Along with Five Other Companies

Pason Systems Inc. become aware of a number of patent infringement lawsuits that were recently filed by Auto-Dril, Inc. in the Western District of Texas, Waco Division, and that Pason is named as the defendant in one of these actions. These complaints all allege infringement of a patent owned by Auto-Dril, Inc., which is a small, privately-held instrumentation company based in Texas. The five defendants in the other complaints are National Oilwell Varco, L.P.; Omron Oilfield & Marine, Inc.; Integrated Drive Systems, LLC; Canrig Drilling Technology Ltd.; and Helmerich & Payne, Inc.

Helmerich & Payne, Inc. Plans to Lay Off 2,000 Employees Companywide

Helmerich & Payne Inc. announced on Jan. 29, 2015, that it expects to lay off 2,000 employees companywide. Helmerich & Payne employs about 500 in Tulsa and nearly 12,000 companywide. The overall reduction is about 17% of the company's total workforce.

Helmerich & Payne, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter of 2015; Provides Capital Expenditure and Income Tax Guidance for the Year 2015

Helmerich & Payne, Inc. reported unaudited consolidated earnings results for the first quarter of 2015. The company reported net income of $203 million or $1.85 per diluted share from operating revenues of $1.06 billion for the first fiscal quarter of 2015, compared to net income of $173 million or $1.59 per diluted share from operating revenues of $889 million during the first quarter of fiscal 2014, and net income of $169 million or $1.53 per diluted share from operating revenues of $985 million during the fourth quarter of fiscal 2014. Included in net income per diluted share corresponding to 2015 first fiscal quarter are approximately $0.13 of after-tax gains from long-term contract early termination compensation from customers, and $0.02 of after-tax gains related to the sale of used drilling equipment. Included in net income per diluted share corresponding to last year's first and fourth fiscal quarters are $0.03 and $0.05 of after-tax gains related to the sale of used drilling equipment, respectively. Net cash provided by operating activities were $389.692 million compared to $304.858 million a year ago. Capital expenditures were $369.029 million compared to $140.643 million a year ago. The company now expects a total of approximately $1.3 billion in capital expenditures during all of fiscal 2015. The company expects an effective income tax rate of approximately 35% to 36% for each of the remaining three quarters of fiscal 2015.

Helmerich & Payne, Inc. to Report Q1, 2015 Results on Jan 29, 2015

Helmerich & Payne, Inc. announced that they will report Q1, 2015 results at 11:00 AM, US Eastern Standard Time on Jan 29, 2015

Helmerich & Payne, Inc., Q1 2015 Earnings Call, Jan 29, 2015

Helmerich & Payne, Inc., Q1 2015 Earnings Call, Jan 29, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
HP:US $73.64 USD -2.14

HP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Diamond Offshore Drilling Inc $30.44 USD -0.82
Noble Corp plc $16.94 USD -0.55
Oceaneering International Inc $56.81 USD -1.65
Patterson-UTI Energy Inc $21.25 USD -0.50
Superior Energy Services Inc $24.30 USD -0.97
View Industry Companies
 

Industry Analysis

HP

Industry Average

Valuation HP Industry Range
Price/Earnings 11.0x
Price/Sales 2.0x
Price/Book 1.6x
Price/Cash Flow 6.3x
TEV/Sales 2.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact HELMERICH & PAYNE, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.