Recap: Helmerich & Payne Q1 Earnings

Shares of Helmerich & Payne HP were unchanged in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 730.77% year over year to ($0.82), which missed the estimate of ($0.79).

Revenue of $246,377,000 decreased by 59.92% from the same period last year, which beat the estimate of $236,120,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Helmerich & Payne hasn't issued any revenue guidance for the time being.

Recent Stock Performance

52-week high: $46.37

52-week low: $12.40

Price action over last quarter: Up 28.62%

Company Profile

Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. tight oil and gas basin and also has a small presence internationally.