IB Net Payout Yields Model

3 Takeaways From Helmerich & Payne's Earnings

For investors who only read the earnings headlines, a ton of additional information can usually be gleaned by reading the details of the earnings report and comparing to competitors. For investors interested in the domestic land-drilling market, Helmerich & Payne (NYSE: HP  ) happens to be one of the better providers of useful numbers.

The driller had some encouraging signs on new rig orders and increasing rig revenue per day, but the numbers show more stability than growth. As with Patterson-UTI Energy (NASDAQ: PTEN  ) and Nabors Industries (NYSE: NBR  ) , the troubling sign continues to be that customers want the new rigs at the expense of idled rigs.

Read the full article here.

Disclosure: No positions mentioned. Please review the disclaimer page for more details. 


Popular posts from this blog

Aurora Cannabis: Deal Or No Deal

C3.ai: Out Of Steam (Rating Downgrade)

Archer Aviation: Promising Developments