Helmerich & Payne, Inc.
boothcheck covers Helmerich & Payne, Inc. (HP) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 27, 2026.
• Helmerich & Payne is the largest US land driller, renting its FlexRig fleet to oil and gas producers, and management said the most recent quarter likely marked the trough for North America rig count and margins as drilling demand begins to improve. [Source: fiscal Q2 2026 earnings call] • The biggest near-term drag is international: the International Solutions segment posted an operating loss of nearly $100 million from reactivating rigs in Saudi Arabia and supply-chain disruption tied to Midd
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358 institutional managers reported holding HP in 13F filings for the quarter ended 2026-03-31. 55 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 7.6M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (6.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
HP has cut its share count 7.4% over the past five years, spending $377.60M on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting); the current rate is $0.25 a share annually. Cash returned over the past three years: $368.73M in dividends and $53.39M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at HP over the trailing three years: 2024: 1 buy totaling $100k; 2025: 3 buys totaling $1.66M. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
HP's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-27 | +5.1% | -1.3% |
| 2023-11-09 | -3.0% | -10.2% |
| 2024-01-30 | +12.8% | +5.0% |
| 2024-04-25 | -4.4% | -12.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
HP's latest 8-K filings: 2026-06-03 (items 8.01); 2026-05-06 (items 2.02, 9.01); 2026-03-16 (items 5.02, 7.01, 9.01); 2026-03-06 (items 5.02, 5.07); 2026-03-04 (items 8.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.