Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Lost sight of this one Jett. Russia cut off Ukraine, bullish on GLOG. Gave a heads up to Wildbillly via Private Msg a few days back.
Helmerich & Payne's most recent earnings looked strong, but could have been even stronger if it wasn't for the company's international land-based operations.
Hey Jett. Waiting for this year to expire. Not doing much here other than trading old familiar names and took a position in SLCA, although I'm up a bit in this one so I've been selling it off. These guys provide the sand for the wells. Was reading up on Halliburton some time back which steered me away from the drillers. Waiting to see where the fiscal cliff debacle takes this market. It feels like the market wants down but just isn't delivering enough punch. Will see if there's any follow thru from Friday. Indecisive at this point so I try to avoid putting much capital to work. Hope to have a much clearer picture by the new year. Half day today and closed tomorrow. I'm sure the big players are gone this week. Merry X-mas to ya. Peace.
What's the latest with you? $HP on your list for 2013?
$HP engages in the contract drilling of oil and gas wells in the United States and internationally.
Market cap at $5.43B, most recent closing price at $51.39. Diluted TTM earnings per share at 5.34, and a MRQ book value per share value at 36.28, implies a Graham Number fair value = sqrt(22.5*5.34*36.28) = $66.02.
Based on the stock's price at $51.59, this implies a potential upside of 27.98% from current levels.
Oh yes bought on the dip. I expect good things from here.
I'm a happy little boy today. Going out for ice cream. Hope you got in prior to the news.
Yeah I'm all about oil investments. Made the best return here and involved in all levels of the sector.
I see you have an interest in the Oil and Gas sector. Might want to take a look at Gulfport Energy. I don't think it will fill the gap, but if it ever gets into the gap, I'll be a big buyer. I have a large stake there.
$HP is down for the year but Q3 is a strong indicator of things to come.
Join the discussion on the Energy Play board:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78914947
Key highlights from earnings report:
EPS came in at $1.37 per share, easily beating estimates of $1.16 a share.
Revenue also rose 27 percent to $819.8 million, topping estimates of $780.4 million.
The company said lower rig expenses and an increase in drilling activity boosted margins at its U.S. land operations (86% of total revenues) in the third quarter.
Five reasons HP is a solid value at $46 a share:
The stock is selling near the bottom of its five year valuation based on P/E, P/B, P/CF and P/S.
Analysts expect over 20% revenue growth in FY2012 and near 10% growth in FY2013. The stock sports a five year projected PEG of under 1 (.71).
The company doubled operating cash flow from FY2010 to FY2011, and the stock is selling for 5 times operating cash flow.
HP has lost about a fifth of its value so far this year, compared with a less than 2 percent fall in the wider U.S. Dow Jones Oil equipment services index.
The company has newer rigs and higher utilization (over 90%) than its peers. S&P has a "Buy" rating and a $69 a share price target on the stock.
<<< $HP Links! >>> ~ MAC's Quick DD Links without the charts.
PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/HP
OTC Markets Company Info ~ http://www.otcmarkets.com/stock/HP/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/HP/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/HP/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/HP/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/HP/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/HP/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/HP/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/HP/research
Google Finance Summary ~ http://www.google.com/finance?q=HP
Google Finance News ~ http://www.google.com/finance/company_news?q=HP
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=HP
Google Finance Financials ~ http://www.google.com/finance?q=HP&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=HP
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=HP&histperiod=weekly#
Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=HP+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=HP+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=HP+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=HP
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=HP+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=HP+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/HP
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/HP
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=HP+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=HP+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=HP+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=HP+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=HP+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=HP+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=HP+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=HP+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=HP+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=HP+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=HP+Cash+Flow&annual
FINVIZ ~ http://finviz.com/quote.ashx?t=HP&ty=c&ta=0&p=d
Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=HP
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=HP
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=HP
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=HP
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=HP
Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=HP&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260
CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=HP&exchange=US
Barchart Quote ~ http://barchart.com/quotes/stocks/HP?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/HP
Barchart Options Quotes ~ http://barchart.com/options/stocks/HP
Barchart Technical Chart ~ http://barchart.com/charts/stocks/HP&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/HP&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/HP
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=HP
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/HP
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/HP
Barchart News Headlines ~ http://barchart.com/news/stocks/HP
Barchart Profile ~ http://barchart.com/profile//HP
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=HP&view=key_statistics
OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=HP&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=HP&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=HP&MarketTicker=NYSE&Typ=S
Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/HP/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/HP/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/HP/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/HP/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/HP
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/HP/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/HP/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/HP/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/HP/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/HP/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/HP/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=HP&sid=1795093&framed=False
The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=HP
Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=HP
StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=HP&num1=567&cobrand=&mode=stock
StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=HP
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=HP
AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=HP&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8
Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=HP.PK&WTmodLOC=C4-Officers-5
StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=HP®ion=U
Search NASDAQ ~ http://www.nasdaq.com/symbol/HP
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/HP/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/HP/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/HP/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=HP&selected=HP
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=HP&selected=HP
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/HP/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/HP/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/HP/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/HP/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/HP/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/HP/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/HP/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/HP/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/HP/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/HP/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/HP/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/HP/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/HP/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/HP/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=HP&selected=HP
NASDAQ Financials ~ http://www.nasdaq.com/symbol/HP/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/HP/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/HP/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/HP/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/HP/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/HP/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/HP/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/HP/insider-trades/sells
The Motley Fool ~ http://caps.fool.com/Ticker/HP.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/HP/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/HP/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/HP/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/HP/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/HP/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/HP/Statements.aspx?source=icasittab0000009
MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=HP
YCharts ~ http://ycharts.com/companies/HP
YCharts Performance ~ http://ycharts.com/companies/HP/performance
YCharts Dashboard ~ http://ycharts.com/companies/HP/dashboard
InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=HP&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=HP&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=HP&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=HP
Zacks Quote ~ http://www.zacks.com/stock/quote/HP
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=HP
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=HP
Knobias ~ http://knobias.10kwizard.com/files.php?sym=HP
StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=HP
Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/HP/HOT_TOPIC.html
Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=HP&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=HP®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=HP®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=HP®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=HP®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=HP®ion=USA&culture=en-us
CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=HP
TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=HP
OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=HP&searcharea=e&image1.x=0&image1.y=0
Insidercow ~ http://www.insidercow.com/history/company.jsp?company=HP&B1=Search%21
Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=HP
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=HP&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null
YouTube Symbol Search ~ http://www.youtube.com/results?search_query=HP
Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=HP
Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=HP
Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=HP
Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=HP
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=HP
Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=HP
Investorpoint ~ http://www.investorpoint.com/ enter "HP" and click search.
Hotstocked ~ http://www.hotstocked.com/ enter "HP" and click search.
Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=HP
Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=HP
DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=HP
SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=HP
OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=HP
Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "HP" and click search.
http://www.coordinatedlegal.com/SecretaryOfState.html
http://regsho.finra.org/regsho-Index.html
http://www.shortsqueeze.com/?symbol=HP&submit=Short+Quote%99
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=HP
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=HP
Check those searches for recent HP mentions. If HP is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
MACDlinks
~ Thursday! $HP ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!
~ $HP ~ Earnings expected on Thursday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=HP&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=HP&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=HP
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=HP#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=HP+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=HP
Finviz: http://finviz.com/quote.ashx?t=HP
~ BusyStock: http://busystock.com/i.php?s=HP&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=HP >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
~ $HP ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $HP ~ Earnings expected on Tuesday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=HP&p=d&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=HP&p=w&b=3&g=0&id=p54550695994
~ Barchart: http://barchart.com/quotes/stocks/HP?
~ OTC Markets: http://www.otcmarkets.com/stock/HP/company-info
~ Google Finance: http://www.google.com/finance?q=HP
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=HP#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=HP+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=HP
Finviz: http://finviz.com/quote.ashx?t=HP
~ BusyStock: http://busystock.com/i.php?s=HP&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=HP&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=HP
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=HP
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=HP
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=HP
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=HP
~ MarketWatch: http://www.marketwatch.com/investing/stock/HP/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=HP
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=HP
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=HP&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=HP&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=HP&size=l&frequency=60&color=g
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Sold 1/2 this morn for a real nice profit.
TULSA, Okla., Nov. 18, 2010 /PRNewswire-FirstCall/ -- Helmerich & Payne, Inc. (NYSE: HP) reported income from continuing operations of $286,081,000 ($2.66 per diluted share) from operating revenues of $1,875,162,000 for its fiscal year ended September 30, 2010, compared to income from continuing operations of $380,546,000 ($3.56 per diluted share) from operating revenues of $1,843,740,000 during the prior fiscal year ended September 30, 2009. Included in both fiscal 2010 and 2009 income from continuing operations is non-operating related income (after-tax) of $0.03 per diluted share. Non-operating items included income from the sale of assets during 2010 and 2009, and gains on the involuntary conversion of long-lived assets during 2009. The total reported loss for discontinued operations was $129,769,000 in fiscal 2010 and $27,001,000 in fiscal 2009, all of which corresponds to the Company’s former operations in Venezuela. Consequently, net income for fiscal 2010 amounted to $156,312,000, compared to $353,545,000 for fiscal 2009.
Income from continuing operations for the fourth quarter of fiscal 2010 was $83,291,000 ($0.77 per diluted share) from operating revenues of $558,957,000, compared to income from continuing operations of $54,976,000 ($0.51 per diluted share) from operating revenues of $358,276,000 during the fourth fiscal quarter of 2009, and income from continuing operations of $64,883,000 ($0.61 per diluted share) from operating revenues of $483,384,000 during the third fiscal quarter of 2010. Included in income from continuing operations for the third fiscal quarter of 2010 is a non-operating gain of $0.01 per diluted share. Net income for the fourth quarter of fiscal 2010 was $83,045,000 ($0.77 per diluted share), compared to net income of $51,488,000 ($0.48 per diluted share) during the fourth fiscal quarter of 2009, and a net loss of $36,715,000 (-$0.34 per diluted share) during the third fiscal quarter of 2010.
Segment operating income for U.S. land operations was $118,894,000 for the fourth fiscal quarter of 2010, compared with $90,137,000 for last year’s fourth fiscal quarter and $103,138,000 for this year’s third fiscal quarter. The sequential increase in segment operating income was primarily attributable to the continuing recovery in U.S. land drilling activity, as quarterly revenue days increased to 16,303 from 14,374 during this year’s third fiscal quarter, and average revenue per day increased by $695 to $24,385 from $23,690. Excluding early contract termination related revenue and customer requested delivery delay revenue for new build rigs, the average rig revenue per day for the fourth quarter increased by $1,062 to $24,065 from $23,003 during the third quarter, and the corresponding average rig margin per day for the fourth quarter increased by $547 to $11,013. Average rig expense per day increased by $515 from $12,539 during the third quarter to $13,054 during the fourth quarter. The quarterly increase in average rig expense per day was mostly attributable to approximately $350 per day related to expenses that the Company does not expect to incur going forward.
Rig utilization for the Company’s U.S. land segment was 82% for this year’s fourth fiscal quarter, compared with 55% for last year’s fourth fiscal quarter and 76% for this year’s third fiscal quarter. At September 30, 2010, the Company’s U.S. land segment had 185 contracted rigs and 35 idle rigs. The 185 contracted rigs included 127 rigs under term contracts, one of which was a new FlexRig®* waiting on a customer that requested a delivery delay.
Helmerich & Payne, Inc. also announced today that the Company has signed contracts to build and operate four additional FlexRigs. These rigs will be built and operated in the U.S. under multi-year term contracts that provide attractive dayrates and economic returns. Since March 2010, the Company has announced contracts for the construction of 23 new build FlexRigs, of which 11 have already been completed. The remaining 12 are expected to be delivered during the first three quarters of fiscal 2011.
President and CEO Hans Helmerich commented, “While industry rig counts in the U.S. land sector have exceeded most expectations in 2010, they are currently still about 20% below the previous cyclical peak. Notably, we have surpassed our previous record during that peak and now have the highest level of activity in the ninety-year history of the Company. Today, we announced contracts for four new build FlexRigs in addition to the 19 announced earlier this year. With over 200 H&P-designed and built FlexRigs over the last 12 years, and with well over 700 rig years of FlexRig operating experience, our ability to build a better rig for less, and to attain a higher dayrate and margin for that rig, remains unmatched.”
Segment operating income for the Company’s offshore operations was $13,107,000 for the fourth fiscal quarter of 2010, compared with $12,023,000 for last year’s fourth fiscal quarter and $11,231,000 for this year’s third fiscal quarter. Although the level of activity (number of revenue days) in this segment was relatively flat as compared to the third fiscal quarter, the average rig margin per day sequentially increased by $1,799 to $22,581 during this year’s fourth fiscal quarter. This increase resulted from a favorable impact of approximately $2,000 per day related to a reduction of certain expenses during the quarter that is not expected to recur going forward.
The Company’s international land operations reported segment operating income of $15,485,000 for this year’s fourth fiscal quarter, compared with a loss of $1,511,000 for last year’s fourth fiscal quarter and income of $9,893,000 for the third fiscal quarter of 2010. The number of revenue days for the fourth quarter increased by approximately five percent as compared to the third quarter. Operating income for the segment significantly increased quarter to quarter. The sequential increase was primarily attributable to early contract termination revenue from two of the six rigs that were assigned to the Company’s operations in Mexico. Excluding the impact corresponding to these early contract terminations, the average rig margin per day for the fourth quarter declined by $664 to $9,528 from $10,192 during the third quarter.
Helmerich & Payne, Inc. is primarily a contract drilling company. As of November 18, 2010, the Company’s existing fleet included 224 land rigs in the U.S., 28 international land rigs and nine offshore platform rigs. In addition, the Company is scheduled to complete another 12 new H&P-designed and operated FlexRigs under long-term contracts with customers. Upon completion of these commitments in fiscal 2011, the Company’s global land fleet is expected to include a total of 213 FlexRigs.
Helmerich & Payne, Inc.’s conference call/webcast is scheduled to begin this morning at 11:00 a.m. ET (10:00 a.m. CT) and can be accessed at www.hpinc.com under Investors. If you are unable to participate during the live webcast, the call will be archived on H&P’s website indicated above.
Statements in this release and information disclosed in the conference call and webcast that are “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 are based on current expectations and assumptions that are subject to risks and uncertainties. For information regarding risks and uncertainties associated with the Company’s business, please refer to the “Risk Factors” and “Management’s Discussion & Analysis of Financial Condition and Results of Operations” sections of the Company’s SEC filings, including but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. As a result of these factors, Helmerich & Payne, Inc.’s actual results may differ materially from those indicated or implied by such forward-looking statements.
High-Tech Pay Dirt
By SANDRA WARD
WHEN THE WORLD'S OIL AND GAS PRODUCERS need a hand in drilling, they increasingly turn to Helmerich & Payne, perhaps the most efficient contract driller in the business.
The Tulsa, Okla.-based company (ticker: HP) has been expanding briskly and putting up record profits, even though the daily rates that energy outfits pay for contracted land rigs peaked more than a year ago. Its market share has more than doubled in the past three or four years, and the company expects to double its share again.
"What we are seeing is an opportunity to take market share...in a softer environment, because there is such a need for reinvestment and retooling,'' says CEO Hans Helmerich, the grandson of Walter Hugo Helmerich, a barnstorming pilot turned wildcatter who founded the company in 1920. Helmerich & Payne has been providing rigs and crews, mostly for land-based drilling, ever since.
Nowadays, the key is Helmerich & Payne's technologically advanced FlexRigs, which are more nimble than conventional rigs and better suited for the new demands of the exploration business. Gear like this means big savings for producers -- and steady orders for Helmerich & Payne. Result: The company has been able to increase its count of active rigs and maintain relatively strong daily-rate margins, all in the face of fierce competition.
The company's FlexRigs, like this one near Parachute, Colo., can ply shallow wells by drilling horizontally.
While Helmerich's average daily-rig margin -- the difference between a rig's daily revenues and its expenses -- declined by 8% in the fourth quarter, to $12,221, it was still 40% higher than those of its four largest competitors in the U.S.: Nabors (NBR); Patterson-UTI (PTEN);Grey Wolf (GW); and Unit (UNT). Moreover, the average number of active rigs at Helmerich rose by 38% in the fourth quarter from a year earlier, while its four major competitors combined witnessed a net reduction of 14%.
Now, as the industry enters a down-cycle resulting from too many rigs, industry watchers expect the company's results to continue to hold up better than others because of its standard-setting equipment, strong balance sheet, high return on capital, experienced crews, and, above all, smart management.
Even in a softening market that has seen many rigs idled, Helmerich & Payne has kept winning orders, and its rig-utilization rate stands at 95%, compared with 70% for its competitors. This lends support to the notion that there is an important segmentation going on in the drilling market, one that favors those with the most advanced and cost-effective rigs and punishes those with older, less-advanced rigs. The average age of rigs in the industry is 30 years old, compared with an average age of nine to 10 years for Helmerich & Payne's rigs.
The Bottom Line
The shares, up nearly 45% since the start of 2007, look poised to climb by at least another 40%, even as rivals with older gear are punished."They are really differentiating themselves from the competition," says Matt Lamphier, an analyst at Arnhold and S. Bleichroeder's First Eagle Funds, which holds Helmerich & Payne stock. "They are not accelerating, but they are weathering a drilling slump in North America better than their competition. These guys are executing in a flattish environment pretty well."
Helmerich & Payne is expected to post net income of $3.90 a share in fiscal 2008 (ending September), compared with $3.54 a share for 2007.
Richard Arvedlund, a money manager at Cypress Capital Management in Delaware, holds shares and looks for a target price in the 50 to 60 range. That's up between 40% and 68% from the current level of about $35.70 a share and based on his assessment that Helmerich & Payne should trade at 13 times his earnings estimate of $4 a share for fiscal 2008, up from the current price-earnings multiple of nine. Helmerich, he says, deserves to trade at a premium to other land drillers.
THE COMPANY IS HARDLY STANDING still. In one promising move, it plans to increase its international exposure, where day rates are still rising and rig fleets are old and tired. It's pursuing new business in both Russia and North Africa. Currently, the bulk of Helmerich & Payne's fleet is U.S.-based; the company has 164 U.S. land rigs; 27 international land rigs; and nine offshore platform rigs.
Most of those rigs are FlexRigs, a design introduced in 1998 and now in its fourth generation of development. The new rigs are in high demand because of new challenges in exploration: About 45% of natural gas in the U.S. is now coming from what's considered to be "unconventional" wells, compared with 26% in 1996. These are wells that are often shallower and more technically demanding, requiring drilling at a horizontal angle to release gas.
Helmerich & Payne's FlexRigs allow oil and gas producers to save an average $158,800 per well. That's because they drill faster with fewer people and can be moved easily between wells, meaning less downtime. FlexRigs are also considered safer than most.
Oklahoma City-based Devon Energy (DVN), the No. 1 producer in the Barnett Shale natural gas field of North Texas, has 16 FlexRigs there and is expecting delivery of two more. "We are using the heck out of those things," says Devon spokesman Chip Minty. Williams Cos. (WMB), a Tulsa-based natural-gas producer, has leased 10 FlexRigs to extract gas from Colorado's Piceance Basin.
Of course, the fate of the U.S. drillers is largely tied to the price of natural gas. While the price of natural gas has been relatively stable in the past year, at around $7.50 per million British thermal units, the short-term outlook has grown more unfavorable because of concern about rising natural-gas inventories, imports of liquid natural gas and cutbacks in Canadian production that could drive more Canadian drillers into the U.S.
The rough conditions for contract drillers will doubtless spark more consolidation. But Helmerich & Payne, with a market value of $3.7 billion, is unlikely to participate, viewing deals as dilutive to quality and performance, says Hans Helmerich. "It is clear to us that we can have organic growth that has scale and significance,'' he says.
In an industry famous for booms and busts, that kind of independent thinking could reward shareholders for years to come.
THE COMPANY IS HARDLY STANDING still. In one promising move, it plans to increase its international exposure, where day rates are still rising and rig fleets are old and tired. It's pursuing new business in both Russia and North Africa. Currently, the bulk of Helmerich & Payne's fleet is U.S.-based; the company has 164 U.S. land rigs; 27 international land rigs; and nine offshore platform rigs.
Most of those rigs are FlexRigs, a design introduced in 1998 and now in its fourth generation of development. The new rigs are in high demand because of new challenges in exploration: About 45% of natural gas in the U.S. is now coming from what's considered to be "unconventional" wells, compared with 26% in 1996. These are wells that are often shallower and more technically demanding, requiring drilling at a horizontal angle to release gas.
Helmerich & Payne's FlexRigs allow oil and gas producers to save an average $158,800 per well. That's because they drill faster with fewer people and can be moved easily between wells, meaning less downtime. FlexRigs are also considered safer than most.
Oklahoma City-based Devon Energy (DVN), the No. 1 producer in the Barnett Shale natural gas field of North Texas, has 16 FlexRigs there and is expecting delivery of two more. "We are using the heck out of those things," says Devon spokesman Chip Minty. Williams Cos. (WMB), a Tulsa-based natural-gas producer, has leased 10 FlexRigs to extract gas from Colorado's Piceance Basin.
Of course, the fate of the U.S. drillers is largely tied to the price of natural gas. While the price of natural gas has been relatively stable in the past year, at around $7.50 per million British thermal units, the short-term outlook has grown more unfavorable because of concern about rising natural-gas inventories, imports of liquid natural gas and cutbacks in Canadian production that could drive more Canadian drillers into the U.S.
The rough conditions for contract drillers will doubtless spark more consolidation. But Helmerich & Payne, with a market value of $3.7 billion, is unlikely to participate, viewing deals as dilutive to quality and performance, says Hans Helmerich. "It is clear to us that we can have organic growth that has scale and significance,'' he says.
In an industry famous for booms and busts, that kind of independent thinking could reward shareholders for years to come.
BANGALORE, Nov 15 (Reuters) - Helmerich & Payne Inc (HP.N: Quote, Profile, Research) posted higher quarterly results, as revenue from its U.S. land drilling operations rose 34 percent, helped by a higher number of rigs and rig activity days, sending shares up 8.4 percent.
For the fourth quarter, the contract drilling company earned $116.4 million, or $1.10 a share, compared with $98.5 million, or 93 cents a share, a year ago.
Followers
|
12
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
80
|
Created
|
11/16/07
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |