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Last $57.74 USD
Change Today -0.99 / -1.69%
Volume 2.0M
HP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

helmerich & payne (HP) Snapshot

Open
$58.13
Previous Close
$58.73
Day High
$59.00
Day Low
$57.47
52 Week High
08/4/14 - $107.40
52 Week Low
01/29/15 - $54.00
Market Cap
6.2B
Average Volume 10 Days
2.9M
EPS TTM
$4.42
Shares Outstanding
107.7M
EX-Date
08/12/15
P/E TM
13.1x
Dividend
$2.75
Dividend Yield
4.76%
Current Stock Chart for HELMERICH & PAYNE (HP)

helmerich & payne (HP) Related Businessweek News

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helmerich & payne (HP) Details

Helmerich & Payne, Inc. primarily operates as a contract drilling company in South America, the Middle East, and Africa. It provides drilling rigs, equipment, personnel, and camps on a contract basis to explore for and develop oil and gas from onshore areas and fixed platforms, tension-leg platforms, and spars in offshore areas. As of November 13, 2014, the company’s fleet included 333 land rigs in the U.S., 37 international land rigs, and 9 offshore platform rigs. Its contract drilling business operates through three reportable segments: U.S. Land, Offshore, and International Land. The U.S. Land segment operates 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 operations in the Gulf of Mexico and Equatorial Guinea. The International Land segment has operates in Ecuador, Colombia, Argentina, Tunisia, Bahrain, the United Arab Emirates, and Mozambique. The company, through its subsidiaries, is also involved in the ownership, development, and operation of commercial real estate; and the research and development of rotary steerable technology. Its real estate investments include a shopping center containing approximately 441,000 leasable square feet, multi-tenant industrial warehouse properties containing approximately one million leasable square feet, and approximately 210 acres of undeveloped real estate located within Tulsa, Oklahoma. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.

11,901 Employees
Last Reported Date: 11/26/14
Founded in 1920

helmerich & payne (HP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.2M
Chief Financial Officer and Vice President
Total Annual Compensation: $679.3K
Chairman of The Board and Consultant
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2014.

helmerich & payne (HP) Key Developments

Helmerich & Payne, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2015; Provides Drilling Operations Outlook and Tax Rate Guidance for the Fourth Quarter of Fiscal 2015 and Provides Capex Guidance for the Full Year 2015 an 2016

Helmerich & Payne, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2015. For the quarter, the company reported net income of $91 million or $0.83 per diluted share from operating revenues of $660 million for the third fiscal quarter of 2015, compared to net income of $192 million or $1.75 per diluted share from operating revenues of $952 million during the third quarter of fiscal 2014, and net income of $150 million or $1.37 per diluted share from operating revenues of $883 million during the second quarter of fiscal 2015. Operating income was $132,780,000 against $271,912,000 a year ago. Income from continuing operations before income taxes was $127,843,000 against $295,078,000 a year ago. Income from continuing operations was $90,887,000 or $0.83 per diluted share against $192,290,000 or $1.75 per diluted share a year ago. For the nine months, the company reported operating revenues of $2,599,331,000 against $2,734,669,000 a year ago. Operating income was $691,771,000 against $791,285,000 a year ago. Income from continuing operations before income taxes was $687,005,000 against $833,450,000 a year ago. Income from continuing operations was $443,480,000 or $4.06 per diluted share against $540,061,000 or $4.92 per diluted share a year ago. Net income was $443,439,000 or $4.06 per diluted share against $540,031,000 or $4.92 per diluted share a year ago. Net cash provided by operating activities was $1,147,539,000 against $797,895,000 a year ago. Capital expenditures were $971,857,000 against $622,028,000 a year ago. The effective income tax rate for the third fiscal quarter was 28.9%. This reduced rate was mostly a result of a favorable adjustment to U.S. deferred state income tax rate caused by less activity in the states where the company operate in as well as decreases to some of the state income tax rates. The company provided drilling operations outlook for the fourth quarter of fiscal 2015. In the U.S. land segment, the company expects revenue days (activity) to decrease by roughly 3% to 4% during the fourth fiscal quarter as compared to the third fiscal quarter of 2015.  Excluding the impact from early termination revenue during the fourth quarter of fiscal 2015, the average rig revenue per day is expected to decrease to roughly $26,000, and the corresponding average rig expense per day is expected to decrease to roughly $13,900.  Furthermore, the company expects an effective income tax rate of approximately 34% for the fourth quarter of fiscal 2015. For the fiscal 2015, the company continues to expect a total of approximately $1.3 billion in capital expenditures during all of fiscal 2015. The company capital expenditures estimate for fiscal 2016 until the next conference call in November, at this point, the company would expect the fiscal 2016 estimate to be significantly lower than the one for fiscal 2015.

Helmerich & Payne, Inc. to Report Q3, 2015 Results on Jul 30, 2015

Helmerich & Payne, Inc. announced that they will report Q3, 2015 results at 11:00 AM, US Eastern Standard Time on Jul 30, 2015

Helmerich & Payne, Inc., Q3 2015 Earnings Call, Jul 30, 2015

Helmerich & Payne, Inc., Q3 2015 Earnings Call, Jul 30, 2015

 

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