Asset Management One Co. Ltd. recently announced a new position in shares of Helmerich & Payne, Inc. (NYSE:HP). The acquisition involved purchasing 6,359 shares of the oil and gas company’s stock, valued at approximately $316,000 during the fourth quarter of last year. This move sparked interest among investors who looked at this information as an opportunity to explore potential earnings from this rising star.
Founded in 1920, Helmerich & Payne, Inc. has established itself as an industry leader in drilling productivity and reliability over the years. The company reputedly maintains high levels of integrity and innovation to provide top-notch customer service and favorable returns for its stakeholders.
On Friday, HP shares opened at $31.31 with a low 12-month estimate of $30.45 against a high of $54.59 within the same period. Furthermore, the company shows a quick ratio of 2.10, current ratio of 2.43 and debt-to-equity ratio stands at 0.20 which signals favorable financial activity.
At the time of writing this article HP had been trading with a market cap of $3.21 billion, PE ratio of 10.30 and a beta factor reflecting at1.65 indicating price appreciation possibilities based on comparative market analysis parameters.
It is noteworthy that HP had been experiencing negative trading trends despite its long-standing reputable name due to factors like intensive competition from similar companies such as Nabors Industries Ltd., Patterson-UTI Energy Inc., and Precision Drilling Corporation among others but due to boom experienced in oil and gas markets investors are banking on further growth for H&P operations.
As it is often said ‘only one who risks going too far can possibly find out how far they can go.’ It remains to be seen how the situation will play out before any long-term predictions about asset management from either company could be made known . Nonetheless, HP’s impressive form 13F results, stock pricing trends and market position reveal significant indicators of the company’s emerging prominence in asset management and oil exploration industries.
Helmerich & Payne: Delivering Industry-Leading Levels of Productivity and Reliability in Oil and Gas Drilling
Helmerich & Payne: Driving Industry-Leading Levels of Drilling Productivity and Reliability
Helmerich & Payne, Inc (H&P) is a publicly traded oil and gas drilling company that has been operating with the highest level of integrity, safety, and innovation for nearly a century. The company is committed to delivering industry-leading levels of drilling productivity and reliability while generating outstanding returns for shareholders.
Several institutional investors have recently added to or reduced their positions in H&P, demonstrating confidence in the company’s ability to achieve its goals. Hanseatic Management Services Inc., CENTRAL TRUST Co., Castleview Partners LLC, Wipfli Financial Advisors LLC, and Macquarie Group Ltd. are just some of the investors who have acquired stakes in H&P over recent months.
Equities research analysts have also offered insight into H&P’s performance and prospects. While some analysts have rated its stock as a “Hold” or “Sell,” others maintain a “Buy” rating on the basis of excellent results produced by the company.
The last earnings report issued by H&P (January 31st, 2017) revealed that it had achieved an EPS of $1.11 – significantly higher than consensus estimates – while revenues arrived at $719.60 million compared with expectations of $699.92 million. These figures demonstrate robust growth when compared with previous quarters.
H&P also announced its intention to pay a quarterly dividend on June 1st, 2017, which several stockholders welcomed enthusiastically as the ex-dividend on May 17th ensures that they will share in revenue generated during this period.
In short, Helmerich & Payne is one of America’s leading energy companies committed to efficiency and profitability while providing safe environments for employees to work in. Its successes over nearly 100 years demonstrate the sustainable business model it employs going forward towards tomorrow; therefore we can expect more exciting developments from this incredible company in the future.