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Helmerich & Payne, Inc. (HP) 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.
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. The company was founded in 1920.
On April 27th, HP reported a 2nd Quarter March 2022 loss of $0.17 per share on revenue of $467.6 million. The consensus estimate was a loss of $0.32 per share on revenue of $446.9 million. Revenue grew 57.9% on a year-over-year basis. Shares are heading higher following their upward trend.
Entry Point: $47.00
Stop Loss: $44.25
Trading Range: $20.93 to $50.89
Target Price: $51.50
