Skip to Content

Helmerich & Payne Inc HP Stock Quote

| Rating as of

Morningstar‘s Stock Analysis HP

Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


High Near-Term Rig Demand Will Support Favorable Pricing for Helmerich & Payne Through 2023

Business Strategy and Outlook

| Katherine Olexa |

Helmerich & Payne has maintained the dominant market share in U.S. horizontal land rigs (26%) for over a decade. H&P seeks to differentiate itself in the commoditized drilling services market by staying at the forefront of technological innovation in the space. It was an early adopter of super-spec rigs (AC drive, minimum 1,500 horsepower drawworks, minimum of 750,000 pounds hookload rating, 7,500 psi mud circulating system, and multiple-well pad capability), which now compose about 84% of its operating fleet and about 30% of total super-spec rigs available in the United States.

Unlock Our Full Analysis With Morningstar Investor

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.

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
Employees 5,932

Related News HP