Helmerich & Payne, Inc.: Complete Fleet Analysis And 3rd Quarter Result
- Helmerich & Payne is a top-tier contract driller both on land and offshore, with operations worldwide. Its main land operations are located in the USA, with 292 active rigs.
- The Company has strong financial results with a growing backlog of $4.8 billion; and a low-level long-term debt. The company's technology "FlexRig" is recognized as the best in the industry.
- H&P is a solid business with a definitive future growth potential, especially in the US market and its amazing "shale revolution." H&P is a long-term BUY.