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Helmerich & Payne Inc HP Stock Quote

| Rating as of

NYSE: HP

Last close prices updated as of Feb 03, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 45.35
  • Sector Energy
  • Industry Oil & Gas Drilling
  • Investment Style Small Blend
  • Day Range 45.13  –  47.53
  • Year Range 31.55  –  54.59
  • Market Cap 4.7375 Bil
  • Volume / Avg 1.5 Mil /  1.1 Mil
  • Price / Sales 2.03
  • Price / Book 1.73
  • Forward Div Yield 3.24%
  • Trailing Div Yield 3.79%

Morningstar‘s Stock Analysis HP

Valuation
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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

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Raising Helmerich & Payne’s FVE to $49; Strong Pricing Environment Yields Continued Margin Expansion

Analyst Note

| Katherine Olexa |

Helmerich & Payne, or H&P, commenced its fiscal-year 2023 on strong footing, posting first-quarter revenue growth of 76% year over year and 14% sequentially. H&P’s quarterly operating margin expanded to 19%, the firm’s highest level since mid-2015, mostly driven by steadily improving day rates in North America, a trend that will likely persist over the next several quarters. We’re raising our fair value estimate to $49 from $42 following results, primarily due to our improved outlook for firmwide margin accretion. We now estimate firmwide operating margins will average 20% moving forward, compared with our prior forecast of 15%. We maintain our no-moat rating and stable moat trend.

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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 but growing presence internationally.

Contact
1437 South Boulder Avenue, Suite 1400
Tulsa, OK, 74119
Sector Energy
Industry Oil & Gas Drilling
Employees 8,000

Related Articles HP

FAQs for Helmerich & Payne Inc Stock

Yes. HP has a forward dividend yield of 3.24%. See HP’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

HP’s market cap is 4.74 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

HP’s stock style is Small Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

HP’s price/sales is 2.03.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

HP’s price/forward earnings is 10.21.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

HP’s price/book is 1.73.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See HP’s valuation ratios compared to the Market Index.

HP’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare HP’s historical performance against its industry peers and the overall market.