Helmerich & Payne Inc (HP) Files 10-K for the Fiscal Year Ended on September 30, 2018

GuruFocus.com

Fri, Nov 16, 2018, 8:48 PM

Helmerich & Payne Inc (HP) files its latest 10-K with SEC for the fiscal year ended on September 30, 2018. Helmerich & Payne Inc is engaged in contract drilling of oil and gas wells for oil and gas exploration and production companies. Its business comprises of three reportable segments, U.S. Land, Offshore and International Land. Helmerich & Payne Inc has a market cap of $6.82 billion; its shares were traded at around $62.59 with a P/E ratio of 15.10 and P/S ratio of 2.93. The dividend yield of Helmerich & Payne Inc stocks is 4.50%.

Warning! GuruFocus has detected 2 Warning Sign with HP. Click here to check it out.
HP 15-Year Financial Data
The intrinsic value of HP
Peter Lynch Chart of HP

For the last quarter Helmerich & Payne Inc reported a revenue of $696.8 million, compared with the revenue of $532.3 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $2.5 billion, an increase of 37.8% from last year. For the last five years Helmerich & Payne Inc had an average revenue decline of 11.8% a year.

The reported diluted earnings per share was $4.37 for the year. The Helmerich & Payne Inc had an operating margin of 1.29%, compared with the operating margin of -10.7% a year before. The 10-year historical median operating margin of Helmerich & Payne Inc is 27.38%. The profitability rank of the company is 5 (out of 10).

At the end of the fiscal year, Helmerich & Payne Inc has the cash and cash equivalents of $284.4 million, compared with $521.4 million in the previous year. The long term debt was $494.0 million, compared with $492.9 million in the previous year. The interest coverage to the debt is 1.3, which is not a favorable level. Helmerich & Payne Inc has a financial strength rank of 6 (out of 10).

At the current stock price of $62.59, Helmerich & Payne Inc is traded at 16% premium to its historical median P/S valuation band of $53.98. The P/S ratio of the stock is 2.93, while the historical median P/S ratio is 2.53. The stock gained 20.31% during the past 12 months.

For the complete 20-year historical financial data of HP, click here.

This article first appeared on GuruFocus.