Helmerich & Payne, Inc. (HP)

In the past six months, Helmerich & Payne's stock price has experienced movements influenced by several events. The stock saw a 49% gain over the preceding 90 days, although its year-to-date return was -30%. Key events include a favorable court ruling regarding Venezuela's expropriation, leadership restructuring, analyst rating updates, a fiscal Q4 2024 earnings report that missed estimates, and the suspension of its supplemental dividend.

The oil and gas industry, in which Helmerich & Payne operates, is characterized by high volatility and cyclicality. Completion services can be affected by seasonality, particularly during the holidays. The demand for drilling services is closely tied to oil prices and the investment decisions of exploration and production companies.

Helmerich & Payne, Inc. (HP) provides drilling solutions and technologies for oil and gas exploration and production companies, operating in the Energy sector. Its offerings include FlexRig® technology, directional drilling services, rig maintenance and support, well intervention, workover, and coiled tubing services. The company also holds and operates commercial real estate properties.

Helmerich & Payne's operations are segmented into North America Solutions, Offshore Gulf of Mexico, and International Solutions. The North America Solutions segment operates primarily in Texas, with a presence in other states. The Offshore Gulf of Mexico segment focuses on drilling operations in Louisiana and U.S. federal waters. Internationally, the company has a footprint in Saudi Arabia, Argentina, Bahrain, Australia, Colombia, and the United Arab Emirates.

Helmerich & Payne has a long-standing reputation in the drilling industry for innovation, operational excellence, and safety. A recent positive event was the favorable U.S. court ruling concerning Venezuela's expropriation of its rigs. No significant negative events impacting the company's brand reputation were found.

Helmerich & Payne's ownership is primarily institutional, with these investors holding approximately 85% of the company's shares. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, State Farm Mutual Automobile Insurance Co, Dimensional Fund Advisors Lp, and State Street Corp. Retail investors and insiders own the remaining 15%.