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Helmerich & Payne Inc HP Stock Quote

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Morningstar‘s Stock Analysis HP

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Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

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Economic Moat

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Capital Allocation

INVESTOR

Strong U.S. Rig Demand Continues to Drive Healthy Pricing for Helmerich & Payne; Raising FVE to $35

Analyst Note

| Katherine Olexa |

Helmerich & Payne posted impressive results for the second quarter (the firm’s fiscal third-quarter 2022). Increased rig demand along with supply chain constraints and service provider capital discipline throughout North America continue to drive high rig utilization that’s improved pricing power for service providers, including H&P. We’ve also increased our midcycle estimate for the U.S. rig count, creating a more attractive long-term picture for suppliers. As such, we have increased our fair value estimate to $35 from $31 per share. Our no-moat and stable trend ratings are unchanged.

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Key Statistics HP

Company Profile HP

Business Description

Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small presence internationally.

Contact
1437 South Boulder Avenue, Suite 1400
Tulsa, OK, 74119
T +1 918 742-5531
Sector Energy
Industry Oil & Gas Drilling
Most Recent Earnings Jun 30, 2022
Fiscal Year End Sep 30, 2022
Stock Type Distressed
Employees 5,932

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