Helmerich & Payne (HP)
Market Price (12/23/2025): $28.27 | Market Cap: $2.8 BilSector: Energy | Industry: Oil & Gas Drilling
Helmerich & Payne (HP)
Market Price (12/23/2025): $28.27Market Cap: $2.8 BilSector: EnergyIndustry: Oil & Gas Drilling
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 36% | Weak multi-year price returns2Y Excs Rtn is -62%, 3Y Excs Rtn is -108% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 71% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 83x | |
| Megatrend and thematic driversMegatrends include US Energy Independence, and Automation & Robotics. Themes include US Oilfield Technologies, and Advanced Drilling Automation. | Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 71% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -10% | ||
| Key risksHP key risks include [1] challenges in international operations, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 36% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Megatrend and thematic driversMegatrends include US Energy Independence, and Automation & Robotics. Themes include US Oilfield Technologies, and Advanced Drilling Automation. |
| Weak multi-year price returns2Y Excs Rtn is -62%, 3Y Excs Rtn is -108% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 71% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 83x |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 71% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -10% |
| Key risksHP key risks include [1] challenges in international operations, Show more. |
Why The Stock Moved
Qualitative Assessment
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Here are the key points explaining the stock movement of Helmerich & Payne (HP) by 36.6% for the approximate time period from August 31, 2025, to December 23, 2025:1. Strong Q4 2025 Revenue Performance: Helmerich & Payne reported robust revenue for the fourth quarter of fiscal year 2025 (ending September 2025), announced on November 17, 2025. The company's revenue reached $1.01 billion, which was a significant 45.8% increase year-over-year and surpassed analyst estimates of $972.79 million. This strong top-line growth likely contributed positively to investor sentiment.
2. Positive Q3 2025 Earnings Beat: Preceding the specified period, Helmerich & Payne announced its fiscal Q3 2025 earnings around August 6, 2025, where it surpassed both earnings and revenue estimates. The positive momentum from these better-than-expected results likely carried into the period starting August 31, 2025, providing a foundation for continued stock appreciation.
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Stock Movement Drivers
Fundamental Drivers
The 34.3% change in HP stock from 9/22/2025 to 12/22/2025 was primarily driven by a 22.9% change in the company's P/S Multiple.| 9222025 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 21.05 | 28.27 | 34.31% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 3428.06 | 3746.01 | 9.28% |
| P/S Multiple | 0.61 | 0.75 | 22.94% |
| Shares Outstanding (Mil) | 99.42 | 99.45 | -0.02% |
| Cumulative Contribution | 34.31% |
Market Drivers
9/22/2025 to 12/22/2025| Return | Correlation | |
|---|---|---|
| HP | 34.3% | |
| Market (SPY) | 2.7% | 46.1% |
| Sector (XLE) | 0.9% | 63.5% |
Fundamental Drivers
The 76.9% change in HP stock from 6/23/2025 to 12/22/2025 was primarily driven by a 45.8% change in the company's P/S Multiple.| 6232025 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 15.98 | 28.27 | 76.90% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 3084.86 | 3746.01 | 21.43% |
| P/S Multiple | 0.51 | 0.75 | 45.80% |
| Shares Outstanding (Mil) | 99.36 | 99.45 | -0.09% |
| Cumulative Contribution | 76.90% |
Market Drivers
6/23/2025 to 12/22/2025| Return | Correlation | |
|---|---|---|
| HP | 76.9% | |
| Market (SPY) | 14.4% | 33.6% |
| Sector (XLE) | 3.7% | 69.1% |
Fundamental Drivers
The -2.8% change in HP stock from 12/22/2024 to 12/22/2025 was primarily driven by a -28.0% change in the company's P/S Multiple.| 12222024 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 29.10 | 28.27 | -2.84% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2756.61 | 3746.01 | 35.89% |
| P/S Multiple | 1.04 | 0.75 | -28.01% |
| Shares Outstanding (Mil) | 98.75 | 99.45 | -0.70% |
| Cumulative Contribution | -2.85% |
Market Drivers
12/22/2024 to 12/22/2025| Return | Correlation | |
|---|---|---|
| HP | -2.8% | |
| Market (SPY) | 16.9% | 51.9% |
| Sector (XLE) | 8.6% | 74.9% |
Fundamental Drivers
The -33.8% change in HP stock from 12/23/2022 to 12/22/2025 was primarily driven by a -65.6% change in the company's P/S Multiple.| 12232022 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 42.69 | 28.27 | -33.78% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2058.94 | 3746.01 | 81.94% |
| P/S Multiple | 2.18 | 0.75 | -65.63% |
| Shares Outstanding (Mil) | 105.29 | 99.45 | 5.55% |
| Cumulative Contribution | -33.99% |
Market Drivers
12/23/2023 to 12/22/2025| Return | Correlation | |
|---|---|---|
| HP | -15.8% | |
| Market (SPY) | 47.7% | 45.2% |
| Sector (XLE) | 10.2% | 73.1% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HP Return | -44% | 6% | 115% | -23% | -8% | -9% | -18% |
| Peers Return | � | � | 89% | -16% | -21% | -3% | � |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 113% |
Monthly Win Rates [3] | |||||||
| HP Win Rate | 42% | 58% | 67% | 25% | 42% | 50% | |
| Peers Win Rate | � | 54% | 55% | 33% | 43% | 58% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| HP Max Drawdown | -71% | -5% | 0% | -37% | -15% | -52% | |
| Peers Max Drawdown | � | � | 0% | -32% | -30% | -41% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: PTEN, NBR, PDS, NE, VAL. See HP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/22/2025 (YTD)
How Low Can It Go
| Event | HP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -42.6% | -25.4% |
| % Gain to Breakeven | 74.2% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -72.9% | -33.9% |
| % Gain to Breakeven | 268.4% | 51.3% |
| Time to Breakeven | 755 days | 148 days |
| 2018 Correction | ||
| % Loss | -55.2% | -19.8% |
| % Gain to Breakeven | 123.1% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -76.5% | -56.8% |
| % Gain to Breakeven | 325.4% | 131.3% |
| Time to Breakeven | 1,789 days | 1,480 days |
Compare to PTEN, NBR, NE, RIG, VAL
In The Past
Helmerich & Payne's stock fell -42.6% during the 2022 Inflation Shock from a high on 11/22/2022. A -42.6% loss requires a 74.2% gain to breakeven.
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Helmerich & Payne, Inc., together with its subsidiaries, provides drilling services and solutions for exploration and production companies. The company operates through three segments: North America Solutions, Offshore Gulf of Mexico, and International Solutions. The North America Solutions segment drills primarily in Colorado, Louisiana, Montana, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia, and Wyoming. It also focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement. The Offshore Gulf of Mexico segment has drilling operations in Louisiana and in U.S. federal waters in the Gulf of Mexico. The International Solutions segment conducts drilling operations in Argentina, Bahrain, Colombia, and the United Arab Emirates. As of September 30, 2021, the company operated a fleet of 236 land rigs in North America; 30 international land rigs; and 7 offshore platform rigs. It also owns, develops, and operates commercial real estate properties. The company's real estate investments include a shopping center comprising approximately 390,000 leasable square feet; and approximately 176 acres of undeveloped real estate located in Tulsa, Oklahoma. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.
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- The Enterprise Rent-A-Car of oil drilling rigs.
- The Caterpillar of advanced oil drilling services.
- The Tesla of oil drilling technology and services.
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- Contract Drilling Services: Provides advanced, high-performance AC drive drilling rigs (FlexRigs) and skilled crews for the onshore drilling of oil and natural gas wells.
- Drilling Technology Solutions: Offers a suite of software, hardware, and data analytics tools designed to enhance drilling efficiency, wellbore accuracy, and overall operational performance for customers.
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For the public company Helmerich & Payne (symbol: HP), its major customers are other companies in the oil and gas exploration and production (E&P) sector.
Helmerich & Payne (HP) primarily sells its advanced drilling rigs and services to other companies. According to its public filings, HP does not typically disclose specific major customers by name because no single customer has accounted for 10% or more of its consolidated operating revenues in recent fiscal years. Instead, HP serves a diverse customer base, which can be broadly categorized as follows:
- Independent Oil and Gas Companies: These are companies primarily focused on exploration and production activities, typically without significant refining or marketing operations. They range from large independents to smaller regional players. Examples of such companies (which may or may not be direct customers of HP at any given time) include:
- EOG Resources (NYSE: EOG)
- ConocoPhillips (NYSE: COP)
- Occidental Petroleum (NYSE: OXY)
- Integrated Oil and Gas Companies: These are large, multinational companies involved in all aspects of the oil and gas industry, encompassing exploration, production, refining, transportation, and marketing. Examples of such companies (which may or may not be direct customers of HP at any given time) include:
- ExxonMobil (NYSE: XOM)
- Chevron (NYSE: CVX)
- BP plc (NYSE: BP)
- Shell plc (NYSE: SHEL)
- National Oil and Gas Companies: These are typically state-owned or state-controlled entities that manage the oil and gas resources of their respective countries. While many are not publicly traded on major Western exchanges, some have publicly traded components. Examples of the types of entities that fall into this category (some of which are public or have public subsidiaries, and may or may not be direct customers of HP at any given time) include:
- Petrobras (NYSE: PBR) (Brazilian national oil company)
- Saudi Aramco (TADAWUL: 2222) (Saudi Arabian national oil company, traded on the Tadawul exchange)
- Various other state-owned entities or their subsidiaries in regions where HP operates.
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John W. Lindsay, Chief Executive Officer
Mr. Lindsay has served as President and Chief Executive Officer of Helmerich & Payne, Inc. since 2014, having joined the company as a drilling engineer in 1987. He progressively advanced through various leadership roles, including Vice President of U.S. Land Operations, Executive Vice President of U.S. and International Operations, and Chief Operating Officer. During his tenure as CEO, Helmerich & Payne has acquired four software companies: MOTIVE, MagVar, AJC, and DrillScan, which complement the company's FlexRig technology. Mr. Lindsay serves on the board of Arcosa Inc. and is a member of the University of Tulsa Petroleum Engineering Advisory Board, the Tulsa Regional Chamber Board of Directors, and The Nature Conservancy Oklahoma Chapter Board.J. Kevin Vann, Senior Vice President and Chief Financial Officer
Mr. Vann was appointed Chief Financial Officer of Helmerich & Payne, Inc. effective August 5, 2024, succeeding Mark W. Smith upon his retirement. He brings extensive public company financial and accounting experience in the oil and gas industry. Prior to joining H&P, Mr. Vann served as Chief Financial Officer at WPX Energy, Inc. from 2014 to 2021. He was also involved in the leadership of the WPX spinoff and its eventual sale to Devon Energy. Before his CFO role at WPX, he held positions as Chief Accounting Officer and Controller for the company from 2012 to 2014. From 2007 to 2011, he served as Controller of the exploration and production business of The Williams Companies, Inc., and held various other financial and accounting roles at Williams from 1998 to 2006. His background includes experience in mergers and acquisitions.Raymond John "Trey" Adams III, President
Mr. Adams was promoted to President of Helmerich & Payne, Inc., effective October 1, 2025, and will oversee all revenue-generating business units. He joined the company in 2008 and has held various roles, including Senior Vice President, Global Commercial, Sales, & Marketing since January 2025, and Vice President of Digital Operations, Sales, & Marketing for Helmerich & Payne Technologies, LLC. He is recognized for his work in blending drilling expertise with technology solutions.Michael P. Lennox, Executive Vice President of Western Hemisphere Land Operations
Mr. Lennox was elevated to Executive Vice President of Western Hemisphere Land Operations, effective October 1, 2025. He joined H&P in 2008 as an engineer trainee and has guided H&P's largest business segment, setting high standards for safety, performance, and culture. He previously served as Senior Vice President, Americas Operations, overseeing rig operations in the western hemisphere, and was Vice President, U.S. Land Operations. He has been instrumental in integrating H&P and KCAD operations in South America.John R. Bell, Executive Vice President of Eastern Hemisphere Land Operations
Mr. Bell was promoted to Executive Vice President of Eastern Hemisphere Land Operations, effective October 1, 2025. He joined H&P in 1998 as a Business Systems Analyst and has a proven track record of global growth and innovation. He pioneered H&P's FlexRig operations in the Middle East, played a central role in the KCAD acquisition, and led successful entries into Saudi Arabia and Australia. Prior to this role, he was the Senior Vice President of Integration Execution & Operations and has held various senior leadership positions within H&P, including Vice President of Human Resources and Vice President of Corporate Services.AI Analysis | Feedback
The key risks to Helmerich & Payne's business include the inherent cyclicality and volatility of the oil and gas market, challenges in international operations coupled with geopolitical instability, and integration and impairment risks stemming from acquisitions and increased leverage.
- Market Cyclicality and Volatility of Oil & Gas Prices: Helmerich & Payne's demand and profitability are highly susceptible to the cyclical nature of the oil and gas industry, which is driven by volatile commodity prices, capital expenditure cycles, and global geopolitical tensions. Fluctuations in oil prices directly impact exploration and production activities, leading to potential decreases in demand for H&P's drilling services and subsequently affecting revenues.
- Challenges in International Operations and Geopolitical Risks: The company faces significant risks associated with its international operations, particularly evident in regions like Saudi Arabia, where political, regulatory, and economic instability can lead to operational disruptions. A notable example includes rig suspensions in Saudi Arabia due to a shift in the country's energy strategy towards unconventional gas exploration, impacting H&P's conventional drilling fleet and overall operational capacity. Geopolitical events in regions such as the Middle East and Latin America can result in project delays or cancellations.
- Integration and Impairment Risks from Acquisitions and High Leverage: Acquisitions, such as that of KCA Deutag, introduce operational, integration, and financial risks. Helmerich & Payne has experienced goodwill impairments, underscoring the challenge of successfully integrating acquired operations and realizing anticipated benefits. Post-acquisition, the company also faces elevated leverage, which increases interest expenses and financial risk, necessitating close monitoring for potential impairment.
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The accelerating global energy transition and decarbonization efforts represent a clear emerging threat. This trend, driven by environmental concerns, government policies, and increasing investment in renewable energy sources, poses a fundamental threat to the long-term demand for oil and natural gas, the primary commodities that Helmerich & Payne's drilling rigs are used to extract. As the world shifts away from fossil fuels, the addressable market for drilling services may contract, leading to reduced demand for rigs, lower utilization rates, and downward pressure on day rates for HP's services over time.
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Helmerich & Payne (HP) primarily provides contract drilling services and solutions for oil and gas exploration and production companies globally, with operations segmented into North America, the Offshore Gulf of Mexico, and International Solutions.
Addressable Markets for Helmerich & Payne's Main Products and Services:
- North America Solutions (Land Rigs): The drilling rig market in the United States, a key region for Helmerich & Payne's North America Solutions segment, was valued at approximately USD 18.82 billion in 2023 and is projected to reach USD 26.57 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 5.76%. North America as a whole held the largest revenue share in the global drilling rig market in 2024, at 38.5%, with the U.S. contributing the most within this region.
- Offshore Gulf of Mexico (Offshore Platform Rigs): The U.S. offshore drilling market was valued at USD 2.08 billion in 2022 and is projected to grow at a CAGR of 6.25% through the forecast period. Furthermore, North America held a significant share of the global offshore contract drilling market, with an estimated value of USD 22.0 billion in 2023, which is expected to rise to USD 28.4 billion by 2032.
- International Solutions (International Land Rigs): Helmerich & Payne conducts international drilling operations in regions such as Argentina, Bahrain, Colombia, and the United Arab Emirates. The broader global drilling rig market, which encompasses international land drilling, was estimated at USD 83.58 billion in 2024 and is projected to grow to USD 138.61 billion by 2033, with a CAGR of 6.0% from 2025 to 2033. Another estimate places the global drilling rig market at USD 99.66 billion in 2025. The global oil and gas wells drilling services market, which includes international operations, was valued at $50.21 billion in 2024 and is projected to grow to $59.12 billion in 2029.
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Helmerich & Payne (HP) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- International Expansion and Market Penetration: The company's acquisition of KCA Deutag is a significant step to establish H&P as a global leader in onshore drilling solutions, expanding its geographic and operational mix. This expansion includes the successful deployment of eight super-spec FlexRigs to Saudi Arabia for unconventional natural gas drilling, a move expected to contribute approximately $20 million of incremental EBITDA once fully operational. Management views the KCA Deutag acquisition and organic growth initiatives as providing a market-leading position in the Middle East and accelerating its international growth strategy.
- Sustained Strong Performance and Market Share in North American Solutions: Helmerich & Payne continues to maintain a strong market share in North America, particularly in the Permian Basin, with over 35% market share of super-spec rigs. The company anticipates generating at least $1 billion of annual direct margin in its North America Solutions segment for fiscal 2025, supported by a significant term-contract backlog of approximately $700 million. H&P's strategy includes a focus on performance contracts and maintaining strong direct margins in this segment.
- Leveraging Technology and Innovation for Enhanced Drilling Productivity: H&P emphasizes a strategy focused on long-term profitable growth and forward-looking products and services. The company is committed to technologies and innovation that enhance efficiency and deliver desired drilling outcomes for its customers, including investments in innovative equipment and technology-driven solutions.
- Growth in Natural Gas Demand: With the acquisition of KCA Deutag, Helmerich & Payne has increased exposure to international markets, including countries with substantial proven natural gas reserves. This positioning allows H&P to capitalize on the sustained demand for natural gas, which is seen as crucial for its growth in the coming years despite increasing calls for renewables.
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Here is a summary of Helmerich & Payne's capital allocation decisions over the last 3-5 years:Share Repurchases
- A share repurchase authorization was noted on June 7, 2023.
- In fiscal year 2023, approximately $450 million was returned to shareholders, which included opportunistic share repurchases.
- For fiscal year 2024, roughly $200 million of free cash flow was allocated to a base dividend, a supplemental dividend, and share repurchases.
Outbound Investments
- Helmerich & Payne completed the acquisition of KCA Deutag in January 2025, a strategic move valued at approximately $5.5 billion.
- This acquisition positions H&P as a global leader in onshore drilling solutions and aims to accelerate international growth, particularly in the Middle East.
- The acquisition is expected to generate $50-$75 million in synergies and other cost savings for the remainder of fiscal 2025.
Capital Expenditures
- For fiscal year 2025, gross capital expenditures are expected to be between $360 million and $395 million, inclusive of expanded international business post-acquisition.
- Capital expenditures for fiscal year 2024 were approximately $495.07 million. This increase was primarily driven by the timing of procurement for equipment overhauls and long-term projects, including international expansion.
- In prior fiscal years, capital expenditures were approximately $395.46 million in 2023, $272.54 million in 2022, and $82.15 million in 2021.
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WHD | Cactus | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 12.1% | 12.1% | 0.0% |
| 10172025 | OVV | Ovintiv | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 6.1% | 6.1% | 0.0% |
| 10102025 | COP | ConocoPhillips | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 7.5% | 7.5% | -2.3% |
| 10102025 | HAL | Halliburton | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 29.1% | 29.1% | -0.7% |
| 10102025 | OXY | Occidental Petroleum | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -3.9% | -3.9% | -7.1% |
Research & Analysis
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Peer Comparisons for Helmerich & Payne
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 39.13 |
| Mkt Cap | 2.5 |
| Rev LTM | 3,283 |
| Op Inc LTM | 248 |
| FCF LTM | 229 |
| FCF 3Y Avg | 248 |
| CFO LTM | 597 |
| CFO 3Y Avg | 655 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.7% |
| Rev Chg 3Y Avg | 23.8% |
| Rev Chg Q | -1.7% |
| QoQ Delta Rev Chg LTM | -0.4% |
| Op Mgn LTM | 9.0% |
| Op Mgn 3Y Avg | 12.1% |
| QoQ Delta Op Mgn LTM | -0.7% |
| CFO/Rev LTM | 21.8% |
| CFO/Rev 3Y Avg | 22.5% |
| FCF/Rev LTM | 8.2% |
| FCF/Rev 3Y Avg | 8.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.5 |
| P/S | 0.6 |
| P/EBIT | 4.9 |
| P/E | 6.1 |
| P/CFO | 3.8 |
| Total Yield | 7.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 6.1% |
| D/E | 0.7 |
| Net D/E | 0.6 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 6.9% |
| 3M Rtn | 14.5% |
| 6M Rtn | 28.5% |
| 12M Rtn | 1.5% |
| 3Y Rtn | -29.5% |
| 1M Excs Rtn | 4.2% |
| 3M Excs Rtn | 9.7% |
| 6M Excs Rtn | 20.6% |
| 12M Excs Rtn | -16.2% |
| 3Y Excs Rtn | -101.1% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $28.27 | |
| Market Cap ($ Bil) | 2.8 | |
| First Trading Date | 10/15/1980 | |
| Distance from 52W High | -19.4% | |
| 50 Days | 200 Days | |
| DMA Price | $26.80 | $20.90 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 5.5% | 35.2% |
| 3M | 1YR | |
| Volatility | 43.0% | 56.0% |
| Downside Capture | 116.14 | 124.33 |
| Upside Capture | 245.61 | 102.62 |
| Correlation (SPY) | 46.4% | 51.8% |
HP Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.36 | 1.63 | 1.47 | 1.39 | 1.49 | 1.25 |
| Up Beta | 1.33 | 0.75 | 1.28 | 0.73 | 1.34 | 1.06 |
| Down Beta | 2.28 | 1.85 | 1.77 | 1.55 | 2.27 | 1.91 |
| Up Capture | 167% | 288% | 224% | 268% | 86% | 60% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 13 | 25 | 36 | 67 | 118 | 367 |
| Down Capture | 100% | 117% | 85% | 91% | 113% | 105% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 7 | 17 | 27 | 59 | 130 | 382 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of HP With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| HP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -9.4% | 5.5% | 14.7% | 67.3% | 6.8% | -0.5% | -16.6% |
| Annualized Volatility | 55.9% | 24.6% | 19.7% | 19.3% | 15.2% | 17.6% | 35.4% |
| Sharpe Ratio | 0.03 | 0.17 | 0.57 | 2.54 | 0.23 | -0.18 | -0.25 |
| Correlation With Other Assets | 75.2% | 52.6% | 7.3% | 51.5% | 38.4% | 21.2% | |
ETFs used for asset classes: Sector ETF = XLE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of HP With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| HP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 7.5% | 22.0% | 15.0% | 18.9% | 11.8% | 5.1% | 35.8% |
| Annualized Volatility | 50.0% | 26.7% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | 0.33 | 0.75 | 0.71 | 0.98 | 0.51 | 0.18 | 0.63 |
| Correlation With Other Assets | 75.3% | 39.8% | 13.1% | 53.1% | 28.7% | 17.5% | |
ETFs used for asset classes: Sector ETF = XLE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 10-Year Data
| Comparison of HP With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| HP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -1.2% | 8.1% | 14.9% | 14.9% | 6.7% | 5.5% | 69.9% |
| Annualized Volatility | 51.7% | 29.8% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.19 | 0.32 | 0.71 | 0.84 | 0.30 | 0.23 | 0.90 |
| Correlation With Other Assets | 78.6% | 50.1% | 7.7% | 54.7% | 38.2% | 13.1% | |
ETFs used for asset classes: Sector ETF = XLE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/17/2025 | -3.8% | -3.1% | |
| 8/6/2025 | 3.2% | 15.9% | 32.2% |
| 5/7/2025 | -3.5% | -1.2% | -10.7% |
| 2/5/2025 | -16.5% | -18.8% | -22.2% |
| 11/13/2024 | -6.2% | -6.1% | -6.5% |
| 7/24/2024 | 8.8% | 7.1% | -13.1% |
| 4/24/2024 | -4.7% | -9.9% | -11.6% |
| 1/29/2024 | 12.0% | 2.4% | 7.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 11 | 10 |
| # Negative | 16 | 13 | 14 |
| Median Positive | 7.3% | 7.1% | 18.8% |
| Median Negative | -3.8% | -8.4% | -12.9% |
| Max Positive | 12.0% | 18.3% | 33.5% |
| Max Negative | -16.5% | -18.8% | -24.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11212025 | 10-K 9/30/2025 |
| 6302025 | 8112025 | 10-Q 6/30/2025 |
| 3312025 | 5092025 | 10-Q 3/31/2025 |
| 12312024 | 2052025 | 10-Q 12/31/2024 |
| 9302024 | 11132024 | 10-K 9/30/2024 |
| 6302024 | 7252024 | 10-Q 6/30/2024 |
| 3312024 | 4242024 | 10-Q 3/31/2024 |
| 12312023 | 1292024 | 10-Q 12/31/2023 |
| 9302023 | 11082023 | 10-K 9/30/2023 |
| 6302023 | 7262023 | 10-Q 6/30/2023 |
| 3312023 | 4262023 | 10-Q 3/31/2023 |
| 12312022 | 1302023 | 10-Q 12/31/2022 |
| 9302022 | 11172022 | 10-K 9/30/2022 |
| 6302022 | 7272022 | 10-Q 6/30/2022 |
| 3312022 | 4272022 | 10-Q 3/31/2022 |
| 12312021 | 1312022 | 10-Q 12/31/2021 |
Insider Activity
Expand for More| Owner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | Momper Sara Marie | VP, CAO | 8192025 | Sell | 17.83 | 6,700 | 119,461 | 390,620 | Form |
| 1 | Foutch Randy A | 2192025 | Buy | 26.25 | 3,800 | 99,750 | 803,880 | Form | |
| 2 | Chariag Belgacem | 2112025 | Buy | 27.08 | 37,356 | 1,011,600 | 1,478,730 | Form | |
| 3 | LINDSAY JOHN W | PRESIDENT AND CEO | 2112025 | Buy | 27.55 | 20,000 | 551,000 | 19,042,946 | Form |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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