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Stock Market & Financial Investment News

News Breaks
March 5, 2014
09:15 EDTHP, YPFHelmerich & Payne confirms contract awards in Argentina with YPF SA
Helmerich & Payne (HP) confirmed that the company has entered into new drilling contracts with YPF Sociedad Anonima (YPF). The company plans to deploy ten existing FlexRigs from the U.S. to work in the Vaca Muerta play in the Neuquen Province in Argentina under five-year term contracts. The first rig is expected to commence drilling operations during the company's Q4. The remaining nine rigs are expected to be sequentially deployed, reaching full utilization by the end of the 2Q15. No other terms and conditions were disclosed.
News For HP;YPF From The Last 14 Days
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August 3, 2015
10:00 EDTHPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Networks (AMCX) upgraded to Overweight at Morgan Stanley... Assurant (AIZ) upgraded to Buy from Underperform at BofA/Merrill... BG Group (BRGYY) upgraded to Outperform from Neutral at Credit Suisse... CarMax (KMX) upgraded to Conviction Buy from Buy at Goldman... Extended Stay America (STAY) upgraded to Outperform from Neutral at Baird... Finish Line (FINL) upgraded to Buy from Neutral at Buckingham... First Potomac (FPO) upgraded on positive outlook at BMO Capital... Helmerich & Payne (HP) upgraded to Accumulate from Neutral at Global Hunter... Infineon (IFNNY) upgraded to Neutral from Underperform at BofA/Merrill... NVIDIA (NVDA) upgraded to Outperform from Neutral at Macquarie... Plexus (PLXS) upgraded to Buy from Neutral at Goldman... RAIT Financial (RAS) upgraded to Buy from Neutral at Ladenburg... Royal Dutch Shell (RDS.A) upgraded to Buy from Neutral at UBS... Torchmark (TMK) upgraded to Market Perform from Underperform at FBR Capital... WebMD (WBMD) upgraded to Buy from Neutral at SunTrust... WestRock (WRK) upgraded to Outperform from Market Perform at Wells Fargo... Whiting Petroleum (WLL) upgraded to Buy from Hold at Canaccord.
08:49 EDTHPHelmerich & Payne upgraded to Accumulate from Neutral at Global Hunter
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July 30, 2015
07:54 EDTHPHelmerich & Payne sees FY15 CapEx $1.3B
Depreciation expense is now expected to be approximately $580M, and general and administrative expenses are now expected to be approximately $130M for fiscal 2015. Furthermore, the company expects an effective income tax rate of approximately 34% for the fourth quarter of fiscal 2015.
07:54 EDTHPHelmerich & Payne sees Q4 revenue days to decrease 3%-4% in Q4
Excluding the impact from early termination revenue during the fourth quarter of fiscal 2015, the average rig revenue per day is expected to decrease to roughly $26,000, and the corresponding average rig expense per day is expected to decrease to roughly $13,900. As of today, the U.S. land segment has approximately 156 contracted rigs that are generating revenue and 186 idle rigs. In the offshore segment, the company expects the average rig margin per day to be approximately $10,500 during the fourth fiscal quarter and revenue days to be roughly flat as compared to the third quarter of fiscal 2015. In the international land segment, the company expects revenue days during the fourth fiscal quarter to be sequentially down by 10% to 15%. Excluding the impact from early termination revenue and also as compared to the third quarter of fiscal 2015, the average rig margin per day is expected to decline by approximately 30% to 35%.
06:20 EDTHPHelmerich & Payne reports Q3 EPS 83c, consensus 17c
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