Helmerich & Payne
Market Cap
US$2.8b
Last Updated
2021/01/19 23:58 UTC
Data Sources
Company Financials +
Executive Summary
Helmerich & Payne, Inc., together with its subsidiaries, provides drilling services and solutions for exploration and production companies. More Details
Risk Analysis
Dividend of 3.85% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
Mediocre balance sheet second-rate dividend payer.
Similar Companies
Share Price & News
How has Helmerich & Payne's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: HP's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
-1.6%
HP
-3.2%
US Energy Services
0.3%
US Market
1 Year Return
-40.9%
HP
-24.8%
US Energy Services
21.1%
US Market
Return vs Industry: HP underperformed the US Energy Services industry which returned -26.9% over the past year.
Return vs Market: HP underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| HP | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.6% | -3.2% | 0.3% |
| 30 Day | 4.2% | 12.3% | 3.3% |
| 90 Day | 78.9% | 70.1% | 14.2% |
| 1 Year | -35.4%-40.9% | -22.7%-24.8% | 23.8%21.1% |
| 3 Year | -56.1%-63.7% | -59.2%-62.5% | 45.0%35.4% |
| 5 Year | -24.4%-43.3% | -41.2%-51.5% | 127.7%102.3% |
Long-Term Price Volatility Vs. Market
How volatile is Helmerich & Payne's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Helmerich & Payne (NYSE:HP) Has Debt But No Earnings; Should You Worry?1 month ago | Simply Wall St
How Many Helmerich & Payne, Inc. (NYSE:HP) Shares Did Insiders Buy, In The Last Year?1 month ago | Simply Wall St
Here's What Analysts Are Forecasting For Helmerich & Payne, Inc. (NYSE:HP) After Its Annual ResultsValuation
Is Helmerich & Payne undervalued compared to its fair value and its price relative to the market?
0.84x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: HP ($25.98) is trading above our estimate of fair value ($7.68)
Significantly Below Fair Value: HP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HP is unprofitable, so we can't compare its PE Ratio to the US Energy Services industry average.
PE vs Market: HP is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HP's PB Ratio (0.8x) is in line with the US Energy Services industry average.
Next Steps
Future Growth
How is Helmerich & Payne forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
24.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HP is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: HP is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: HP is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: HP's revenue is expected to decline over the next 3 years (-5.8% per year).
High Growth Revenue: HP's revenue is forecast to decline over the next 3 years (-5.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HP is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has Helmerich & Payne performed over the past 5 years?
-37.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HP is currently unprofitable.
Growing Profit Margin: HP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HP is unprofitable, and losses have increased over the past 5 years at a rate of 37.7% per year.
Accelerating Growth: Unable to compare HP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HP is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-4%).
Return on Equity
High ROE: HP has a negative Return on Equity (-14.96%), as it is currently unprofitable.
Next Steps
Financial Health
How is Helmerich & Payne's financial position?
Financial Position Analysis
Short Term Liabilities: HP's short term assets ($963.3M) exceed its short term liabilities ($219.1M).
Long Term Liabilities: HP's short term assets ($963.3M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: HP's debt to equity ratio (14.5%) is considered satisfactory.
Reducing Debt: HP's debt to equity ratio has increased from 10.9% to 14.5% over the past 5 years.
Debt Coverage: HP's debt is well covered by operating cash flow (112.1%).
Interest Coverage: Insufficient data to determine if HP's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Helmerich & Payne current dividend yield, its reliability and sustainability?
3.85%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: HP's dividend (3.85%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: HP's dividend (3.85%) is low compared to the top 25% of dividend payers in the US market (3.85%).
Stability and Growth of Payments
Stable Dividend: HP's dividends per share have been stable in the past 10 years.
Growing Dividend: HP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: HP is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: HP is forecast to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not forecast to be well covered.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
John Lindsay (59 yo)
6.83yrs
Tenure
US$7,731,049
Compensation
Mr. John W. Lindsay has been the Chief Executive Officer and President of Helmerich & Payne, Inc. since March 5, 2014 and since September 2012 respectively. He serves as an Independent Director of Arcosa, ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD7.73M) is above average for companies of similar size in the US market ($USD5.00M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.83yrs | US$7.73m | 0.33% $ 9.1m | |
| Senior VP & CFO | 3yrs | US$2.44m | 0.056% $ 1.6m | |
| VP of Corporate Services | 5.83yrs | US$2.10m | 0.057% $ 1.6m | |
| VP & Chief Accounting Officer | 1.25yrs | no data | 0.0083% $ 230.9k | |
| Director of Investor Relations | no data | no data | no data | |
| Vice President of Digital Operations | 1yr | no data | 0.041% $ 1.1m | |
| Director of Human Resources & Organizational Development | no data | no data | no data | |
| General Counsel & Corporate Secretary | no data | no data | no data | |
| President of Helmerich & Payne Technologies | 2.25yrs | no data | 0.060% $ 1.7m |
2.6yrs
Average Tenure
45yo
Average Age
Experienced Management: HP's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.83yrs | US$7.73m | 0.33% $ 9.1m | |
| Chairman of the Board | 9yrs | US$484.38k | 2.4% $ 67.0m | |
| Independent Director | 24yrs | US$295.87k | 0.047% $ 1.3m | |
| Independent Director | 32yrs | US$292.36k | 0.038% $ 1.1m | |
| Lead Independent Director | 1.58yrs | US$303.61k | 0.015% $ 410.1k | |
| Independent Director | 3.83yrs | US$287.36k | 0.010% $ 284.3k | |
| Independent Director | 9yrs | US$297.36k | 0.018% $ 505.4k | |
| Independent Director | 8.83yrs | US$307.36k | 0.010% $ 285.7k | |
| Independent Director | 1.58yrs | US$141.26k | 0.0021% $ 59.5k | |
| Independent Director | 3.83yrs | US$292.36k | 0.010% $ 284.3k | |
| Independent Director | 2.5yrs | US$292.79k | 0.0034% $ 95.3k |
8.3yrs
Average Tenure
61yo
Average Age
Experienced Board: HP's board of directors are considered experienced (8.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Helmerich & Payne, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Helmerich & Payne, Inc.
- Ticker: HP
- Exchange: NYSE
- Founded: 1920
- Industry: Oil and Gas Drilling
- Sector: Energy
- Market Cap: US$2.795b
- Shares outstanding: 107.60m
- Website: https://www.hpinc.com
Number of Employees
Location
- Helmerich & Payne, Inc.
- 1437 South Boulder Avenue
- Suite 1400
- Tulsa
- Oklahoma
- 74119
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HP | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| HPC | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
| 0J4G | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1968 |
Biography
Helmerich & Payne, Inc., together with its subsidiaries, provides drilling services and solutions for exploration and production companies. The company operates through three segments: North America Soluti...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 23:58 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/09/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.