Helmerich & Payne, Inc. (HP) reported a fourth-quarter fiscal 2024 adjusted net income of 76 cents per share, which missed the Zacks Consensus Estimate of 79 cents. The underperformance was due to weakness in the company's International Solutions and Gulf of Mexico segments.However, the bottom line topped the year-ago quarter’s reported figure of 69 cents per share. This was due to an improvement in the company's North America Solutions segment.Operating revenues of $693.8 million outpaced the Zacks Consens ...

Helmerich & Payne (HP) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.80%. A quarter ago, it was expected that this oil and gas well-drilling contractor would post earnings of $0.77 per share when it actually produced earnings of $0.92, delivering a surprise of 19.48%.Over the las ...

Helmerich & Payne (HP) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on November 13, 2024, might help the stock move higher if these key numbers are bett ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Helmerich & Payne (HP) , which belongs to the Zacks Oil and Gas - Drilling industry, could be a great candidate to consider. This oil and gas well-drilling contractor has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 10.33%. For the most recent q ...

Shares of oil and gas drilling contractor Helmerich & Payne (HP) have lost around 16% of their value in the past year, contrasting with the sector's increase of 2.2%. The S&P 500 Index has risen 32.5% over the same timeframe. HP One-Year Stock Performance Image Source: Zacks Investment Research Let's now take a close look at Helmerich & Payne, with an eye on where it stands after falling so much, along with what we can expect going forward. What's Dragging Down HP Stock? Investors seem to be worried about t ...

Shares of oil and gas drilling contractor Helmerich & Payne (HP) slipped to a 52-week low of $31.98 per share on Aug. 30, before closing a tad higher at $32.60. Year to date, Helmerich & Payne has lost almost 10% of its value, contrasting with the sector's increase of 4.9%. Meanwhile, the S&P 500 Index has risen 18.4% over the same timeframe. The company has also fared worse than its peers like Nabors Industries (NBR) and Diamond Offshore Drilling (DO) . YTD Price Comparison Image Source: Zacks Investment R ...

The conflict in the Middle East is only getting worse. After an attack on Israel last week and a subsequent attack on Lebanese leaders, both in Lebanon and Iran, tensions have definitely risen. Antony Blinken, the Secretary of State, has indicated that Iran is likely to strike back within the next 24-48 hours. While the world is on edge, instability in the region will also have a significant impact on oil. As I'm sure many of you know, the Middle East is a hub for fossil fuel extraction, with black gold bei ...

Helmerich & Payne, Inc. (HP) , a leading provider of drilling solutions, recently announced that it has entered into an agreement to acquire KCA Deutag International Limited ("KCA Deutag") for $1.9725 billion in cash. KCA Deutag is a global drilling company with a strong presence in the Middle East, South America, Europe and Africa. The company also operates offshore management contracts in the North Sea, Angola, Azerbaijan and Canada. The acquisition is expected to significantly increase HP's presence in t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q HELMERICH & PAYNE, INC. (Exact name of registrant as specified in its charter) Delaware 73-0679879 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or f ...

Helmerich & Payne, Inc. (HP) reported a fiscal third-quarter 2024 adjusted net income of 92 cents per share, which beat the Zacks Consensus Estimate of 77 cents. The outperformance signifies an improvement in the company's Offshore Gulf of Mexico Segment performance. However, the bottom line was below the year-ago quarter's reported figure of $1.09. This was primarily due to the poor performance of the company's International Solutions and North America Solutions segments. Operating revenues of $697.7 milli ...