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Helmerich & Payne, Inc. (HP)

Energy | Oil & Gas Drilling | Tulsa, United States | NYSE
38.86 USD +0.14 (0.362%) ⇧ (Oct. 13, 2026, 2:32 p.m. EDT)
Short-term:★★☆☆☆Long-term:★☆☆☆☆Dividends:★★☆☆☆
Hot Take ↕ | Oct. 10, 2026, 6 a.m. EDT

The investment case for Helmerich & Payne is currently broken by a severe multi-year structural decline. Despite the company paying a dividend, the underlying business has suffered three consecutive years of negative annual returns, culminating in a catastrophic 68.66% loss of value over the last nine years. The market has correctly identified this as a deteriorating asset, pricing in a future where the drilling equipment leader struggles to regain its footing. While the forward P/E looks attractive, it is a value trap built on negative earnings and shrinking revenue. The options market confirms this pessimism, with traders buying heavy insurance against a plunge to the low teens. Until the company demonstrates a sustained reversal in its multi-year price trajectory and operational fundamentals, the risk of permanent capital impairment far outweighs the appeal of the dividend.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.172092
AutoETS0.180345
AutoARIMA0.180606
AutoTheta0.248415

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 36%
H-stat 49.35
Ljung-Box p 0.000
Jarque-Bera p 0.061
Excess Kurtosis -1.36
Attribute Value
Sector Energy
Ex Dividend Date 2026-11-17
Last Dividend Date 2026-08-17
Debt to Equity Ratio 69.731
Revenue per Share 40.081
Market Cap 3,883,627,520
Forward P/E 24.97
Beta 0.69
Profit Margins -3.43%
Website https://www.hpinc.com

As of Oct. 10, 2026, 6 a.m. EDT: Speculators are aggressively positioning for downside protection, evidenced by massive open interest in deep out-of-the-money puts (strikes 10, 12.5, 17.5) expiring in late 2026 and early 2027. This 'insurance' buying suggests a fear of a significant drop to the low teens. Conversely, call activity is concentrated near the money or slightly out-of-the-money, indicating limited bullish conviction beyond current levels. The skew heavily favors hedging against further declines rather than betting on a recovery.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.57% 2.86% 3.96% 3.91%
Dividend History
Date Dividend Yield %
2026-08-18 0.25000 0.565739
2026-05-18 0.25000 0.601974
2026-02-13 0.25000 0.753012
2025-11-18 0.25000 0.941265
2025-08-15 0.25000 1.413228
2025-05-15 0.25000 1.375894
2025-02-14 0.25000 0.941974
2024-11-18 0.25000 0.743163
2024-08-16 0.42000 1.232033
2024-05-16 0.42000 1.099189
2024-02-12 0.42000 1.114354
2023-11-17 0.42000 1.103811
2023-08-16 0.48500 1.188143
2023-05-17 0.48500 1.527559
2023-02-13 0.48500 1.055036
2022-11-14 0.48500 0.941748
2022-08-16 0.25000 0.612895
2022-05-12 0.25000 0.566636
2022-02-10 0.25000 0.765931
2021-11-22 0.25000 1.007252
2021-08-16 0.25000 0.952381
2021-05-14 0.25000 0.851789
2021-02-11 0.25000 0.925583
2020-11-12 0.25000 1.511487
2020-08-14 0.25000 1.329080
2020-05-08 0.71000 4.004512
2020-02-07 0.71000 1.664713
2019-11-07 0.71000 1.740623
2019-08-09 0.71000 1.662374
2019-05-10 0.71000 1.235427
2019-02-07 0.71000 1.273543
2018-11-08 0.71000 1.138368
2018-08-16 0.71000 1.159373
2018-05-17 0.70000 0.954849
2018-02-09 0.70000 1.100283
2017-11-10 0.70000 1.203783
2017-08-16 0.70000 1.599269
2017-05-17 0.70000 1.234350
2017-02-09 0.70000 1.021898
2016-11-08 0.70000 1.120359
2016-08-11 0.70000 1.120717
2016-05-11 0.68800 1.156497
2016-02-10 0.68800 1.487246
2015-11-10 0.68800 1.175466
2015-08-12 0.68800 1.104511
2015-05-13 0.68800 0.907532
2015-02-11 0.68800 1.053437
2014-11-12 0.68800 0.804114
2014-08-13 0.68800 0.672795
2014-05-13 0.62500 0.579079
2014-02-12 0.62500 0.713389
2013-11-13 0.50000 0.649688
2013-08-13 0.50000 0.743384
2013-05-13 0.15000 0.242209
2013-02-13 0.15000 0.228380
2012-11-13 0.07000 0.149541
2012-08-13 0.07000 0.144928
2012-05-11 0.07000 0.152373
2012-02-13 0.07000 0.118024
2011-11-10 0.07000 0.130646
2011-08-11 0.07000 0.119986
2011-05-11 0.06000 0.102180
2011-02-11 0.06000 0.101283
2010-11-10 0.06000 0.133333
2010-08-11 0.06000 0.157233
2010-05-12 0.05000 0.132345
2010-02-10 0.05000 0.121951
2009-11-10 0.05000 0.128337
2009-08-12 0.05000 0.148721
2009-05-13 0.05000 0.160102
2009-02-11 0.05000 0.223914
2008-11-12 0.05000 0.204082
2008-08-13 0.05000 0.090465
2008-05-13 0.04500 0.076923
2008-02-13 0.04500 0.104603
2007-11-13 0.04500 0.146056
2007-08-13 0.04500 0.141732
2007-05-11 0.04500 0.139752
2007-02-13 0.04500 0.164835
2006-11-13 0.04500 0.184124
2006-08-11 0.04500 0.178218
2006-05-11 0.04150 0.106274
2006-02-13 0.04150 0.120290
2005-11-10 0.04150 0.155898
2005-08-11 0.04150 0.139472
2005-05-11 0.04150 0.201946
2005-02-11 0.04150 0.207968
2004-11-10 0.04150 0.292563
2004-08-11 0.04150 0.338086
2004-05-12 0.04000 0.317839
2004-02-11 0.04000 0.268276
2003-11-12 0.04000 0.314961
2003-08-13 0.04000 0.276148
2003-05-13 0.04000 0.272201
2003-02-12 0.04000 0.317460
2002-11-13 0.04000 0.319872
2002-10-01 4.59000 35.226401
2002-08-13 0.04000 0.228898
2002-05-13 0.03750 0.176678
2002-02-13 0.03750 0.256498
2001-11-13 0.03750 0.253807
2001-08-13 0.03750 0.257202
2001-05-11 0.01900 0.087256
2001-02-13 0.03750 0.138709
2000-11-13 0.03750 0.259179
2000-08-11 0.03750 0.213144
2000-05-11 0.03500 0.208955
2000-02-11 0.03500 0.293963
1999-11-10 0.03500 0.273839
1999-08-11 0.03500 0.239316
1999-05-12 0.03500 0.290155
1999-02-10 0.03500 0.411765
1998-11-10 0.03500 0.321839
1998-08-12 0.03500 0.366013
1998-05-13 0.03500 0.241901
1998-02-11 0.03500 0.247788
1997-11-12 0.03250 0.161742
1997-08-13 0.03250 0.199808
1997-05-13 0.03250 0.255528
1997-02-12 0.03250 0.290503
1996-11-13 0.03250 0.240185
1996-08-13 0.03250 0.329114
1996-05-13 0.03125 0.332226
1996-02-13 0.03125 0.371747
1995-11-13 0.03125 0.500000
1995-08-11 0.03125 0.436681
1995-05-09 0.03125 0.413223
1995-02-09 0.03125 0.500000
1994-11-08 0.03125 0.408163
1994-08-09 0.03125 0.473934
1994-05-10 0.03000 0.452830
1994-02-09 0.03000 0.417391
1993-11-08 0.03000 0.422907
1993-08-10 0.03000 0.370656
1993-05-10 0.03000 0.366412
1993-02-08 0.03000 0.472906
1992-11-09 0.03000 0.502618
1992-08-10 0.03000 0.500000
1992-05-11 0.02875 0.471795
1992-02-10 0.02875 0.541176
1991-11-08 0.02875 0.508287
1991-08-09 0.02875 0.486772
1991-05-09 0.02875 0.469388
1991-02-11 0.02875 0.416290
1990-11-08 0.02875 0.444444
1990-08-09 0.02750 0.325926
1990-05-09 0.02750 0.339768
1990-02-09 0.02750 0.297297
1989-11-09 0.02750 0.392857
1989-08-09 0.02625 0.352941
1989-05-09 0.02625 0.392523
1989-02-09 0.02625 0.466667
1988-11-01 0.02625 0.512195
1988-08-09 0.02500 0.470588
1988-05-10 0.02500 0.446927
1987-11-09 0.02500 0.540541
Additional Data
dividendRate 1.0
dividendYield 2.58
exDividendDate 2026-11-18
trailingAnnualDividendRate 1.0
trailingAnnualDividendYield 0.025826445
lastDividendValue 0.25
lastDividendDate 2026-08-18
dividendDate 2026-12-02

Info Dump

Attribute Value
52 Week Change 0.7042253
Address1 222 North Detroit Avenue
Address2 Suite 1400
All Time High 118.95
All Time Low 3.375
Ask 39.03
Ask Size 100
Audit Risk 9
Average Analyst Rating 2.5 - Buy
Average Daily Volume10 Day 979,320
Average Daily Volume3 Month 1,200,237
Average Volume 1,200,237
Average Volume10Days 979,320
Beta 0.689
Bid 38.98
Bid Size 100
Board Risk 5
Book Value 25.757
City Tulsa
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 38.86
Current Ratio 1.962
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 39.4566
Day Low 38.32
Debt To Equity 69.731
Display Name Helmerich & Payne
Dividend Date 1,796,169,600
Dividend Rate 1.0
Dividend Yield 2.58
Earnings Call Timestamp End 1,786,024,800
Earnings Call Timestamp Start 1,786,024,800
Earnings Timestamp 1,785,960,000
Earnings Timestamp End 1,794,859,200
Earnings Timestamp Start 1,794,859,200
Ebitda 828,084,992
Ebitda Margins 0.20723
Enterprise To Ebitda 6.759
Enterprise To Revenue 1.401
Enterprise Value 5,596,682,752
Eps Current Year -0.26226
Eps Forward 1.55627
Eps Trailing Twelve Months -1.43
Esg Populated 0
Ex Dividend Date 1,794,960,000
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 41.193
Fifty Day Average Change -2.3330002
Fifty Day Average Change Percent -0.056635838
Fifty Two Week Change Percent 70.42253
Fifty Two Week High 48.17
Fifty Two Week High Change -9.309998
Fifty Two Week High Change Percent -0.19327378
Fifty Two Week Low 22.19
Fifty Two Week Low Change 16.67
Fifty Two Week Low Change Percent 0.7512393
Fifty Two Week Range 22.19 - 48.17
Financial Currency USD
First Trade Date Milliseconds 340,464,600,000
Five Year Avg Dividend Yield 3.54
Float Shares 96,099,291
Forward Eps 1.55627
Forward P E 24.969961
Free Cashflow 493,073,888
Full Exchange Name NYSE
Full Time Employees 15,700
Fullday Change 0.13999939
Fullday Change Percent 0.36156866
Fullday Price 38.86
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.31845
Gross Profits 1,272,508,032
Has Pre Post Market Data 1
Held Percent Insiders 0.03815
Held Percent Institutions 1.04835
Implied Shares Outstanding 99,938,945
Industry Oil & Gas Drilling
Industry Disp Oil & Gas Drilling
Industry Key oil-gas-drilling
Ir Website http://www.hpinc.com/investor1.htm
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,787,011,200
Last Dividend Value 0.25
Last Fiscal Year End 1,759,190,400
Last Split Date 1,152,489,600
Last Split Factor 2:1
Long Business Summary Helmerich & Payne, Inc., together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies. The company operates through North America Solutions, Offshore Solutions, and International Solutions segments. The North America Solutions segment conducts operations primarily in Texas. The Offshore Solutions segment has drilling operations in Louisiana and in U.S. federal waters the North Sea and Norwegian Sea off the coast of Norway, Caspian Sea and other international waters. The International Solutions segment conducts drilling operations in Saudi Arabia, Argentina, Bahrain, Oman, Germany, and Kuwait. The company focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement. It also owns and operates commercial real estate properties. In addition, the company's real estate investments include a shopping center. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.
Long Name Helmerich & Payne, Inc.
Market us_market
Market Cap 3,883,627,520
Market State REGULAR
Max Age 86,400
Message Board Id finmb_278341
Most Recent Quarter 1,782,777,600
Net Income To Common -138,668,000
Next Fiscal Year End 1,790,726,400
Non Diluted Market Cap 3,953,584,664
Number Of Analyst Opinions 16
Open 39.05
Operating Cashflow 579,628,032
Operating Margins 0.05096
Overall Risk 2
Payout Ratio 0.6091
Peg Ratio 6.81
Phone 918 742 5531
Previous Close 38.72
Price Eps Current Year -148.17357
Price Hint 2
Price To Book 1.5087161
Price To Sales Trailing12 Months 0.9718807
Profit Margins -0.03428
Quick Ratio 1.375
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.47059
Region US
Regular Market Change 0.13999939
Regular Market Change Percent 0.36156866
Regular Market Day High 39.4566
Regular Market Day Low 38.32
Regular Market Day Range 38.32 - 39.4566
Regular Market Open 39.05
Regular Market Previous Close 38.72
Regular Market Price 38.86
Regular Market Time 1,791,916,377
Regular Market Volume 376,689
Return On Assets 0.00937
Return On Equity -0.04639
Revenue Growth -0.006
Revenue Per Share 40.081
Sand P52 Week Change 0.17502642
Sector Energy
Sector Disp Energy
Sector Key energy
Share Holder Rights Risk 1
Shares Outstanding 99,938,945
Shares Percent Shares Out 0.0688
Shares Short 6,871,455
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 7,283,017
Short Name Helmerich & Payne, Inc.
Short Percent Of Float 0.09819999
Short Ratio 5.48
Source Interval 15
State OK
Symbol HP
Target High Price 51.0
Target Low Price 32.0
Target Mean Price 45.6875
Target Median Price 47.5
Total Cash 231,387,008
Total Cash Per Share 2.315
Total Debt 1,862,115,968
Total Revenue 3,995,992,064
Tradeable 0
Trailing Annual Dividend Rate 1.0
Trailing Annual Dividend Yield 0.025826445
Trailing Eps -1.43
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 36.68425
Two Hundred Day Average Change 2.1757507
Two Hundred Day Average Change Percent 0.059310213
Type Disp Equity
Volume 376,689
Website https://www.hpinc.com
Zip 74,120