Helmerich & PayneHP
Market Cap: $3B
About: Helmerich & Payne maintains one of the largest fleets of land drilling rigs in the US. The company's FlexRig line is the leading choice to drill horizontal wells for production of US tight oil and gas. H&P is present in nearly every major US shale play and has a small but growing presence internationally.
Employees: 6,200
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
29% more call options, than puts
Call options by funds: $13.8M | Put options by funds: $10.7M
1.23% more ownership
Funds ownership: 106.31% [Q1] → 107.54% (+1.23%) [Q2]
5% less funds holding
Funds holding: 399 [Q1] → 381 (-18) [Q2]
11% less repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 148
13% less capital invested
Capital invested by funds: $4.42B [Q1] → $3.84B (-$581M) [Q2]
32% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 57
100% less funds holding in top 10
Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Goldman Sachs Neil Mehta 36% 1-year accuracy 9 / 25 met price target | 12%upside $34 | Sell Maintained | 29 Aug 2024 |
RBC Capital Keith Mackey 22% 1-year accuracy 4 / 18 met price target | 65%upside $50 | Sector Perform Maintained | 26 Jul 2024 |
B of A Securities Chase Mulvehill 17% 1-year accuracy 3 / 18 met price target | 32%upside $40 | Buy Maintained | 15 Jul 2024 |
Piper Sandler Ian Macpherson 100% 1-year accuracy 2 / 2 met price target | 19%upside $36 | Neutral Maintained | 15 Jul 2024 |
Financial journalist opinion
Based on 3 articles about HP published over the past 30 days