What Are Helmerich & Payne’s Management Estimates for Fiscal 4Q16?
In the US Land segment, Helmerich & Payne (HP) expects revenue days to see a 3% increase to 7% during fiscal 4Q16 compared to fiscal 3Q16.
Nov. 7 2016, Updated 11:04 a.m. ET
What does Helmerich & Payne’s management think?
Helmerich & Payne (HP) expressed optimism over rig count and activity revival in the upstream energy industry going forward.
What are Helmerich & Payne’s management estimates for fiscal 4Q16?
In the US Land segment, Helmerich & Payne (HP) expects revenue days to see a 3% increase to 7% during fiscal 4Q16 compared to fiscal 3Q16. In the Offshore segment, HP expects the average revenue days to increase 1% in fiscal 4Q16. It also expects the average rig margin per day to increase in this segment during this period.
In the International Land segment, HP expects revenue days to see a 5% increase to 10%, while the average rig margin per day is expected to decline slightly during the same period. Helmerich & Payne comprises 0.72% of the Guggenheim S&P 500 Pure Value ETF (RPV). The energy sector makes up 8.4% of RPV.
Next, we’ll discuss HP’s short interest and its implications.
