Even the best companies can find that expectations get so high that it's almost impossible not to disappoint the Street. Helmerich & Payne (NYSE:HP) is certainly one of the best companies in the energy services sector, as its AC drive FlexRigs have allowed the company to claim leadership in U.S. onshore contract drilling on the back of the surge in horizontal drilling in unconventional shales. Helmerich & Payne was hardly the only service company to sell off on calendar second quarter earnings but the shares aren't strikingly cheap today, even considering the company's growing international drilling business and its strong record of dividend growth.
Fiscal Q3 Results Weren't Bad, Just Not Quite Good Enough
While Helmerich & Payne...
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