Helmerich & Payne (HP) is a leading drilling contractor with activities in the U.S. and overseas.

The company, with its young, efficient drilling fleet, has been able to snag market share and maintain a relatively higher utilization due to stronger drilling demand and longer duration of term contracts for their technologically sophisticated FlexRigs. A relatively conservative financial policy and the quality of its client base, which mostly includes well-capitalized oil majors or large independents, are other positives in the Helmerich & Payne story.

The recent turnaround in domestic drilling activity also bodes well for the company. As such, we recommend an Outperform rating for Helmerich & Payne shares.

Zacks Investment Research

1. (BHI) U.S. Drilling Rigs Increase for 6th WeekIn its weekly release on Friday, Baker Hughes Inc. (BHI) reported another rise in the...
2. (BHI) U.S. Oil and Gas Rig Count Hits 8-Month HighAccording to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil...
3. (HP) Helmerich & Payne’s Profit DeclinesContract drilling services provider Helmerich & Payne, Inc. (HP) reported solid fourth quarter results, buoyed...
4. (HP) – Helmerich & Payne – 8 of 9 covering analysts have estimates pegged at $5.30 per shareHelmerich & Payne, Inc. (HP), a Zacks #1 Rank (“strong buy”) company, posted record net...
5. (HP) – Helmerich & Payne – 8 of 9 covering analysts have estimates pegged at $5.30 per shareHelmerich & Payne, Inc. (HP), a Zacks #1 Rank (“strong buy”) company, posted record net...
6. (HP) – Helmerich & Payne – 8 of 9 covering analysts have estimates pegged at $5.30 per shareHelmerich & Payne, Inc. (HP), a Zacks #1 Rank (“strong buy”) company, posted record net...

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