Last €71.54 EUR
Change Today +1.43 / 2.05%
Volume 0.0
As of 10:06 AM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

helmerich & payne (HPC) Snapshot

Open
€70.80
Previous Close
€70.10
Day High
€71.54
Day Low
€70.64
52 Week High
07/7/14 - €87.41
52 Week Low
10/24/13 - €54.05
Market Cap
7.7B
Average Volume 10 Days
120.2
EPS TTM
--
Shares Outstanding
108.2M
EX-Date
11/12/14
P/E TM
--
Dividend
€2.74
Dividend Yield
2.52%
Current Stock Chart for HELMERICH & PAYNE (HPC)

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helmerich & payne (HPC) Details

Helmerich & Payne, Inc. primarily operates as a contract drilling company in North and South America. 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 14, 2013, the company’s fleet included 305 land rigs in the U.S., 29 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, Pennsylvania, Ohio, Utah, Arkansas, New Mexico, Montana, North Dakota, West Virginia, and Nevada. The Offshore segment conducts operations in the Gulf of Mexico, and offshore of California and Equatorial Guinea. The International Land segment has operates in Ecuador, Colombia, Argentina, Tunisia, Bahrain, and the United Arab Emirates. 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.

10,318 Employees
Last Reported Date: 11/27/13
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: $683.1K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $750.5K
Chairman of The Board and Consultant
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2013.

helmerich & payne (HPC) Key Developments

Helmerich & Payne, Inc. Declares Quarterly Cash Dividend, Payable December 1, 2014

The Directors of Helmerich & Payne, Inc. at a Board of Directors meeting held on September 3, 2014, declared a quarterly cash dividend of $0.6875 per share on its common stock, payable December 1, 2014, to stockholders of record at the close of business November 14, 2014.

Helmerich & Payne, Inc. Announces Executive Changes

Helmerich & Payne, Inc. announced that, effective upon the conclusion of the Annual Meeting of the Stockholders on March 4, 2015, Executive Vice President, General Counsel and Chief Administrative Officer, Steven R. Mackey, will retire as part of a planned succession after 29 years of service with the Company. Mr. Mackey began his career with H&P in 1986 as Associate General Counsel. In 1988, he was elected Vice President and General Counsel, and was promoted to Executive Vice President in 2008 and Chief Administrative Officer in 2010. Effective upon the conclusion of the 2015 Annual Meeting of the Stockholders, Cara M. Hair will be promoted to Vice President and General Counsel. After several years in private practice, Ms. Hair began her H&P career in 2006 as a corporate attorney. She has since served as Senior Attorney and currently serves as Deputy General Counsel.

Helmerich & Payne, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides Drilling Operations Outlook for the Fourth Quarter of Fiscal 2014 and Provides Capex and Tax Rate Guidance for the Full Year 2014

Helmerich & Payne, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported net income of $192.3 million or $1.75 per diluted share from operating revenues of $952.1 million for the third quarter of fiscal 2014, compared to net income of $266.2 million or $2.46 per diluted share from operating revenues of $840.2 million during the third fiscal quarter of 2013. Operating income was $271,912,000 against $239,960,000 a year ago. Income from continuing operations before income taxes was $295,078,000 against $390,365,000 a year ago. Income from continuing operations was $192,290,000 or $1.75 per diluted share against $250,978,000 or $2.32 per diluted share a year ago. For the nine months, the company reported operating revenues of $2,734,669,000 against $2,523,078,000 a year ago. Operating income was $791,285,000 against $713,427,000 a year ago. Income from continuing operations before income taxes was $833,450,000 against $868,850,000 a year ago. Income from continuing operations was $540,061,000 or $4.92 per diluted share against $561,656,000 or $5.19 per diluted share a year ago. Net income was $540,031,000 or $4.92 per diluted share against $576,842,000 or $5.33 per diluted share a year ago. Net cash provided by operating activities was $797,895,000 against $761,643,000 a year ago. Capital expenditures were $622,028,000 against $618,550,000 a year ago. The company provided drilling operations outlook for the fourth quarter of fiscal 2014. In the U.S. land segment, the company expects revenue days (activity) to increase by approximately two to 3% during the fourth fiscal quarter as compared to the third fiscal quarter of 2014, even while ten FlexRigs are in the process of transitioning to international operations. The average rig revenue per day is expected to increase to approximately $28,300 and the average rig expense per day is expected to remain at roughly $13,000 during the fourth fiscal quarter. As of the U.S. land segment has 292 contracted rigs, including 178 under term contracts. In the offshore segment, the company expects the average rig margin per day to be approximately $22,000 during the fourth fiscal quarter and revenue days to increase by approximately 1% as compared to the third fiscal quarter of 2014. In the international land segment, the company expects total revenue days during the fourth fiscal quarter to increase by approximately 2% and the average rig margin per day to be down by approximately 5% as compared to the third fiscal quarter of 2014. For the fiscal 2014, capital expenditures total is now expected to be slightly under the company's prior estimate of $1.1 billion. However, the actual spending level for the fiscal year may vary depending primarily on the timing of procurement related to ongoing FlexRig construction program. The company's effective income tax rate is expected to be slightly over 35% for fiscal 2014. The company expects total depreciation expense for fiscal 2014 to be 1% to 2% higher compared to original estimate of $500 million. This increase is attributable primarily to a higher-than-expected FlexRig construction and deployment cadence during the second half of the fiscal year.

 

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Industry Analysis

HPC

Industry Average

Valuation HPC Industry Range
Price/Earnings 13.7x
Price/Sales 2.6x
Price/Book 2.0x
Price/Cash Flow 8.0x
TEV/Sales 2.4x
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