Helmerich & Payne, Inc. Announces Second Quarter Results

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UPDATE: Goldman Sachs Upgrades Helmerich & Payne (HP) to Buy

April 27, 2015 6:45 AM EDT

(Updated - April 27, 2015 10:12 AM EDT)

Goldman Sachs upgraded Helmerich & Payne (NYSE: HP) from Neutral to Buy with a price target of $85.00 (from $51.00). Analyst Waqar Syed noted its high exposure to increased demand for high-spec US land rigs in 2016.

"HP has the largest inventory of... More

Helmerich Payne (HP) Posts Q1 GAAP EPS of $1.37

April 23, 2015 6:52 AM EDT

Helmerich Payne (NYSE: HP) reported Q2 EPS of $1.37, versus the analyst estimate of $0.20. Revenue for the quarter came in at $883.05 million versus the consensus estimate of $764.9 million.

Included in net income per diluted share corresponding to this year's second fiscal quarter are approximately $0.44 of... More