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Last €63.49 EUR
Change Today +0.39 / 0.62%
Volume 20.0
HPC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 2:06 PM 04/1/15 All times are local (Market data is delayed by at least 15 minutes).

helmerich & payne (HPC) Snapshot

Open
€62.85
Previous Close
€63.10
Day High
€63.59
Day Low
€62.53
52 Week High
07/7/14 - €87.41
52 Week Low
12/16/14 - €48.00
Market Cap
6.8B
Average Volume 10 Days
358.0
EPS TTM
--
Shares Outstanding
107.6M
EX-Date
05/13/15
P/E TM
--
Dividend
€2.76
Dividend Yield
3.36%
Current Stock Chart for HELMERICH & PAYNE (HPC)

helmerich & payne (HPC) Related Businessweek News

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helmerich & payne (HPC) 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 (HPC) 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 (HPC) 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.

 

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Industry Analysis

HPC

Industry Average

Valuation HPC Industry Range
Price/Earnings 10.2x
Price/Sales 1.9x
Price/Book 1.5x
Price/Cash Flow 5.9x
TEV/Sales 1.8x
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