Helmerich and Payne - By Prescription Only

For fiscal 2017 the story was earnings. The company acquired great technology during the year with the acquisition of Motive Technologies and their proprietary Bit Guidance System, but the acquisition happened too late in the fiscal year for it to help earnings. In the end, y-o-y earnings decreased by 23%. Debt remained at prior year levels, Free Cash Flow was lower by 32%, Capex was up 55%, Cash and Short-Term Investments were lower by 41%, the company still has $1.3 billion in deferred taxes. In addition, the company is still battling the Venezuelan government over the nationalization of the company's in country assets. Good luck with that.

Helmerich and Payne, Inc. (NYSE: HP) - FYE 09/2017 - FAIRLY VALUED - The stock is currently trading at levels in line with my $59 fair value estimate - Please See Linked Worksheet

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