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64.7 (1y: +39%)
Market Cap 6.97 B P/E(ttm) 11.50
Enterprise Value 7.03 B P/B
HP- NYSE (USA)
Helmerich & Payne, Inc.
  • Currently 2.5/5
Business Predictability Rank: 2.5-Star
Back Testing Results:
Average gain of all 2.5-Star stocks: 7.3% per year.
% of Stocks that are in still loss if held for 10yrs: 18%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$64.70
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry		 vs
history
Cash to Debt No Debt
HP's Cash to Debt is ranked higher than
61% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.35 vs. HP: No Debt )
HP' s 10-Year Cash to Debt Range
Min: 0.17   Max: No Debt
Current: No Debt
Interest Coverage 152.5
HP's Interest Coverage is ranked higher than
75% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 7.40 vs. HP: 152.5 )
HP' s 10-Year Interest Coverage Range
Min: 4   Max: No Debt
Current: 152.5
F-Score: 8
Z-Score: 4.27
M-Score: -2.55
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry		 vs
history
Operating margin (%) 28.20
HP's Operating margin (%) is ranked higher than
79% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 7.65 vs. HP: 28.20 )
HP' s 10-Year Operating margin (%) Range
Min: 9   Max: 38.8
Current: 28.2
9
38.8
Net-margin (%) 18.3
HP's Net-margin (%) is ranked higher than
79% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 5.80 vs. HP: 18.3 )
HP' s 10-Year Net-margin (%) Range
Min: 0.7   Max: 27.6
Current: 18.3
0.7
27.6
Revenue Growth (%) 14.7
HP's Revenue Growth (%) is ranked higher than
87% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -3.40 vs. HP: 14.7 )
HP' s 10-Year Revenue Growth (%) Range
Min: -6.9   Max: 26.2
Current: 14.7
-6.9
26.2
EBITDA Growth (%) 16.6
HP's EBITDA Growth (%) is ranked higher than
88% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -1.25 vs. HP: 16.6 )
HP' s 10-Year EBITDA Growth (%) Range
Min: -15.7   Max: 45.7
Current: 16.6
-15.7
45.7
EPS Growth (%) 39.7
HP's EPS Growth (%) is ranked higher than
93% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -5.60 vs. HP: 39.7 )
HP' s 10-Year EPS Growth (%) Range
Min: -57.8   Max: 212.1
Current: 39.7
-57.8
212.1
» HP's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

HP Guru Trades in Q2 2012

Tom Russo 100 sh (New)
John Burbank 269,200 sh (New)
Paul Tudor Jones 171,100 sh (+434.69%)
Ray Dalio 137,781 sh (+420.3%)
Scott Black 132,517 sh (+37.78%)
Chuck Royce 4,210,848 sh (+28.04%)
Jim Simons 55,300 sh (+22.89%)
Jean-Marie Eveillard 1,006,348 sh (+0.65%)
Robert Rodriguez 179,500 sh (unchged)
First Pacific Advisors 386,700 sh (unchged)
Jeremy Grantham Sold Out
Ron Baron 2,477,727 sh (-4.93%)
Pioneer Investments 459,091 sh (-19.1%)
Steven Cohen 5,600 sh (-31.64%)
Ken Fisher 1,096,054 sh (-32.62%)
» More
Q3 2012

HP Guru Trades in Q3 2012

Arnold Van Den Berg 199,075 sh (New)
Steven Cohen 8,347 sh (+49.05%)
Scott Black 143,084 sh (+7.97%)
John Burbank 274,600 sh (+2.01%)
Ken Fisher 1,114,149 sh (+1.65%)
Jean-Marie Eveillard 1,018,748 sh (+1.23%)
Robert Rodriguez 179,500 sh (unchged)
First Pacific Advisors 386,700 sh (unchged)
Ray Dalio Sold Out
Tom Russo Sold Out
Ron Baron 2,463,989 sh (-0.55%)
Chuck Royce 4,025,332 sh (-4.41%)
Pioneer Investments 424,360 sh (-7.57%)
Jim Simons 34,600 sh (-37.43%)
Paul Tudor Jones 86,800 sh (-49.27%)
» More
Q4 2012

HP Guru Trades in Q4 2012

Bruce Kovner 32,920 sh (New)
Ray Dalio 105,900 sh (New)
Steven Cohen 9,849 sh (+17.99%)
First Pacific Advisors 417,900 sh (+8.07%)
Jean-Marie Eveillard 1,025,048 sh (+0.62%)
Scott Black 143,467 sh (+0.27%)
Robert Rodriguez 179,500 sh (unchged)
Jim Simons Sold Out
Arnold Van Den Berg 194,030 sh (-2.53%)
Ron Baron 2,362,473 sh (-4.12%)
Paul Tudor Jones 80,200 sh (-7.6%)
Chuck Royce 3,552,232 sh (-11.75%)
Pioneer Investments 367,702 sh (-13.35%)
Ken Fisher 929,173 sh (-16.6%)
John Burbank 197,600 sh (-28.04%)
» More
Q1 2013

HP Guru Trades in Q1 2013

John Hussman 250,000 sh (New)
Steven Cohen 21,185 sh (+115.1%)
Jean-Marie Eveillard 1,028,648 sh (+0.35%)
Bruce Kovner Sold Out
John Burbank Sold Out
Ken Fisher 928,921 sh (-0.03%)
Ron Baron 2,333,237 sh (-1.24%)
Arnold Van Den Berg 190,320 sh (-1.91%)
Chuck Royce 3,307,034 sh (-6.9%)
Robert Rodriguez 161,500 sh (-10.03%)
First Pacific Advisors 375,800 sh (-10.07%)
Pioneer Investments 247,482 sh (-32.69%)
Ray Dalio 66,600 sh (-37.11%)
Paul Tudor Jones 14,500 sh (-81.92%)
» More
» Details

Insider Trades

Latest Guru Trades with HP

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2013-03-31 New Buy0.56%$56.01 - $67.94 $ 64.74%250000
John Burbank 2013-03-31 Sold Out 0.43%$56.01 - $67.94 $ 64.74%0
Ray Dalio 2013-03-31 Reduce -37.11%0.02%$56.01 - $67.94 $ 64.74%66600
John Burbank 2012-12-31 Reduce -28.04%0.17%$45.22 - $56.98 $ 64.727%197600
Ray Dalio 2012-12-31 New Buy0.06%$45.22 - $56.98 $ 64.727%105900
Arnold Van Den Berg 2012-09-30 New Buy1.1%$42.28 - $51.48 $ 64.739%199075
Ray Dalio 2012-09-30 Sold Out 0.09%$42.28 - $51.48 $ 64.739%0
John Burbank 2012-06-30 New Buy0.4%$39.46 - $54.88 $ 64.736%269200
Scott Black 2012-06-30 Add 37.78%0.25%$39.46 - $54.88 $ 64.736%132517
Ray Dalio 2012-06-30 Add 420.3%0.07%$39.46 - $54.88 $ 64.736%137781
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Helmerich & Payne, Inc.

Baron Funds Comments on Helmerich & Payne - May 24, 2012

From Baron Funds' first quarter letter: Helmerich & Payne, Inc. (HP) is a leading land-drilling contractor in the U.S. and has the highest proportion of new-generation land rigs among its major competitors. Helmerich & Payne shares declined amid concerns that decade-low gas prices would result in lower overall drilling activity. Helmerich & Payne has the lowest exposure to gas drilling among its peers, which we believe should enable it to weather the transition from gas drilling to oil drilling that is now underway in the U.S. Further, demand for its high technology, highly efficient rigs remains strong, leading to premium margins and continued interest in new builds by its customers. (Jamie Stone)
Check out Ron Baron latest stock trades

Top Ranked Articles about Helmerich & Payne, Inc.

Weekly Top Insider Buys
March 25, 2013
According to GuruFocus Insider Data, these are the largest insider buys during the past week. The overall trend of insiders is illustrated in the chart below: Read more...
Arnold Van Den Berg's Top New Buys - 4 Oil & Gas Companies
October 9, 2012
Arnold Van Den Berg - Arnold Van Den Berg's Top New Buys - 4 Oil & Gas Companies
Arnold Van Den Berg is a veteran value investor who has grown his firm, Austin-based Century Management, to $1.9 billion in assets under management since its founding in 1974. Van Den Berg and his team estimate the intrinsic value of a business based on its fundamentals, and also consider its risks/headwinds, potential rewards, unique characteristics and industry dynamics. They also ask for a significant margin of safety and embrace market volatility to buy at lower prices than they believe the stock is worth. Read more...
Baron Funds Comments on Helmerich & Payne
May 24, 2012
From Baron Funds' first quarter letter: Helmerich & Payne, Inc. (HP) is a leading land-drilling contractor in the U.S. and has the highest proportion of new-generation land rigs among its major competitors. Helmerich & Payne shares declined amid concerns that decade-low gas prices would result in lower overall drilling activity. Helmerich & Payne has the lowest exposure to gas drilling among its peers, which we believe should enable it to weather the transition from gas drilling to oil drilling that is now underway in the U.S. Further, demand for its high technology, highly efficient rigs remains strong, leading to premium margins and continued interest in new builds by its customers. (Jamie Stone) Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 11.50
HP's P/E(ttm) is ranked higher than
66% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 12.95 vs. HP: 11.50 )
HP' s 10-Year P/E(ttm) Range
Min: 4.03   Max: 360.56
Current: 11.5
4.03
360.56
P/S 2.09
HP's P/S is ranked lower than
54% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.74 vs. HP: 2.09 )
HP' s 10-Year P/S Range
Min: 0.91   Max: 4.52
Current: 2.09
0.91
4.52
PFCF 86.10
HP's PFCF is ranked lower than
63% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 15.74 vs. HP: 86.10 )
HP' s 10-Year PFCF Range
Min: 9.92   Max: 297.75
Current: 86.1
9.92
297.75
EV-to-EBIT 7.1
HP's EV-to-EBIT is ranked higher than
91% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 11.60 vs. HP: 7.1 )
HP' s 10-Year EV-to-EBIT Range
Min: 3.2   Max: 62.3
Current: 7.1
3.2
62.3
PEG 0.7
HP's PEG is ranked higher than
97% of the 63 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.77 vs. HP: 0.7 )
HP' s 10-Year PEG Range
Min: 0.07   Max: 18.85
Current: 0.7
0.07
18.85
Shiller P/E 15.7
HP's Shiller P/E is ranked higher than
64% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 11.11 vs. HP: 15.7 )
HP' s 10-Year Shiller P/E Range
Min: 7.82   Max: 45.73
Current: 15.7
7.82
45.73

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 0.68
HP's Dividend Yield is ranked higher than
69% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 2.49 vs. HP: 0.68 )
HP' s 10-Year Dividend Yield Range
Min: 0.25   Max: 1.58
Current: 0.68
0.25
1.58
Dividend Payout 0.0636
HP's Dividend Payout is ranked higher than
99% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.45 vs. HP: 0.0636 )
HP' s 10-Year Dividend Payout Range
Min: 0.04   Max: 3.76
Current: 0.06
0.04
3.76
Dividend growth (3y) 7.5
HP's Dividend growth (3y) is ranked higher than
94% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 4.00 vs. HP: 7.5 )
HP' s 10-Year Dividend growth (3y) Range
Min: 1.4   Max: 8.8
Current: 7.5
1.4
8.8
Yield on cost (5-Year) 1.13
HP's Yield on cost (5-Year) is ranked higher than
69% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 2.01 vs. HP: 1.13 )
HP' s 10-Year Yield on cost (5-Year) Range
Min: 0.4   Max: 2.56
Current: 1.13
0.4
2.56
Share Buyback Rate -0.1
HP's Share Buyback Rate is ranked higher than
90% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -5.50 vs. HP: -0.1 )
HP' s 10-Year Share Buyback Rate Range
Min: 0   Max: -1.2
Current: -0.1

Valuation & Return

vs
industry		 vs
history
Price/DCF (Projected) 1.8
HP's Price/DCF (Projected) is ranked higher than
85% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.40 vs. HP: 1.8 )
HP' s 10-Year Price/DCF (Projected) Range
Min: 1.8   Max: 20.1
Current: 1.8
1.8
20.1
Price/Median PS Value 0.9
HP's Price/Median PS Value is ranked higher than
63% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.70 vs. HP: 0.9 )
HP' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 1.7
Current: 0.9
0.5
1.7
Price/Peter Lynch Fair Value 1.2
HP's Price/Peter Lynch Fair Value is ranked higher than
99% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.70 vs. HP: 1.2 )
HP' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.3   Max: 2.2
Current: 1.2
0.3
2.2
Earnings Yield (Greenblatt) 14.00
HP's Earnings Yield (Greenblatt) is ranked higher than
85% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 9.45 vs. HP: 14.00 )
HP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.6   Max: 31.3
Current: 14
1.6
31.3
Forward Rate of Return (Yacktman) 9.72
HP's Forward Rate of Return (Yacktman) is ranked higher than
90% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -2.93 vs. HP: 9.72 )
HP' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -17.4   Max: 59.8
Current: 9.72
-17.4
59.8

Business Description

Helmerich & Payne, Inc. was incorporated under the laws of the State of Delaware on February 3, 1940, and is successor to a business originally organized in 1920. The company's contract drilling business is composed of three reportable business segments: U.S. Land, Offshore and International Land. Its U.S. Land operations drilled mainly in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Pennsylvania, Ohio, Utah, Arkansas, New Mexico, Montana, North Dakota and West Virginia. Offshore operations were conducted in the Gulf of Mexico, and offshore of California, Trinidad and Equatorial Guinea. The company's International Land segment operated in six international locations: Ecuador, Colombia, Argentina, Tunisia, Bahrain and United Arab Emirates ('UAE'). It is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology. The company specializes in shallow to deep drilling in oil and gas producing basins of the United States and in drilling for oil and gas in international locations. In the United States, it draws its customers mainly from the major oil companies and the larger independent oil companies. In South America, its current customers include major international oil companies. The company provides drilling rigs, equipment, personnel and camps on a contract basis.
Company Website
SEC Reports
Industry: Oil & Gas Drilling
Compare:SDRL, ESV, PES, OMVJF, SBR
Traded in other countries:HPC.Germany
» More Articles for HP

Headlines

Articles On GuruFocus.com
10 Stocks Meeting Benjamin Graham's Defensive Criteria in 2013 Mar 25 2013 
Weekly Top Insider Buys Mar 25 2013 
Lance Armstrong and Why Superior (Corporate) Results Deserve Skepticism Jan 05 2013 
How to Build a Complete Benjamin Graham Portfolio Nov 30 2012 
A Unique List of Fully Defensive Graham Stocks Oct 18 2012 
Arnold Van Den Berg Buys Only 4 New Oil & Gas Stocks in Q3 Oct 09 2012 
Helmerich & Payne (HP): Risk/Reward Is Too Symmetrical At Today’s Valuation Sep 12 2012 
Baron Funds Comments on Helmerich & Payne May 24 2012 
Robert Rodriguez’s FPA Capital Goes 32% Cash and Buys Only Helmerich & Payne and Devry Apr 19 2012 
EMC Is Boosting Market Share in 2012 Mar 13 2012 


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