Helmerich & Payne Drills For Oil & Gas Production

This week I'm seeking a prestigious and long-term dividend-paying stock from the energy sector. 

That sector includes six industries all related to bringing oil and gas to market. They are as follows: drilling, exploration and production (E&P), equipment and services, integrated, midstream, refining & marketing. All such oily and gassy enterprises.

Today I'm reviewing a mid-cap oil and gas drilling firm named Helmerich & Payne Inc. Its trading ticker symbol is HP.

Helmerich & Payne Inc is engaged in contract drilling of oil and gas wells for oil and gas exploration and production companies. Its business comprises three reportable segments, U.S. Land, Offshore and International Land. 

The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming. The Offshore segment has drilling operations in the Gulf of Mexico. The International Land segment conducts drilling operations in Colombia, Argentina, Bahrain, and the United Arab Emirates. 

As of September 30, 2017, the company operated a fleet of 350 land rigs in the United States; 38 international land rigs; and 8 offshore platform rigs. 

In addition, it owns, develops, and operates commercial real estate properties; and researches and develops a rotary steerable technology.

Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.

I use three key data points to gauge the value of any dividend equity or fund like Helmerich & Payne Inc. (HP): 

(1) Price

(2) Dividends

(3) Returns

Besides those three, four more keys will finally unlock an equity or fund in which to invest.

But those first three primary keys, best tell whether a company has made, is making, and will make money. 

HP Price

HP's price per share was $70.11 at yesterday's market close. A year ago its price was $51.26 for a gain of $18.85 per share.  

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Disclosure: Graphs and charts were compiled by Rydlun & Co., LLC from data derived from www.ycharts. com; www.finance.yahoo.com; analyst mean target price by Thomson/First Call in Yahoo ...

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