Helmerich & Payne management said fiscal Q4 segment margins will land at or near the high end of guidance and announced a larger FlexRobotics deployment with ExxonMobil. The stock last closed at $39.64, with a 7 day share price return of 6.73%, a 90 day share price return of 21.04%, a 30 day share price return of negative 10.64%, a year to date share price return of 32.40% and a 1 year total shareholder return of 71.47%. The most followed narrative values Helmerich & Payne at $44.75, roughly 11% above the last close, a gap that hinges on converting technology and global rig deployments in Vaca Muerta, the Middle East and offshore into consistent direct margins and free cash flow. Risks to that story include drilling overcapacity pressuring dayrates and conflict-related disruptions hitting international margins.
Helmerich and Payne IncManagement guided fiscal Q4 segment margins to the high end of guidance.
Exxon Mobil CorpExxonMobil is expanding its FlexRobotics deployment with Helmerich & Payne.
