Helmerich&Payne (HP)

Abro hilo para esta empresa que se dedica a la extracción de petróleo y gas natural.

No es muy conocida, pero lleva 46 años incrementando dividendos, aunque en general de manera muy lenta. En 2013 tuvo un incremento muy grande:

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A cotización actual da un 6.5% de rentabilidad por dividendo.

Ahora está en mínimos de 52 semanas y casi un 30% por debajo de la media de 1000 sesiones. La cotización se mueve con mucha alegría entre los 45$ y los 65$ actuales, así que también valdría para tener un tiempo, aprovecharse de la alta rentabilidad por dividendo y vender en la zona alta.

Esta situación no es casual, si nos atenemos a sus últimos resultados, ttrimestrales publicados el 24/07/2019:

Helmerich & Payne, Inc. (NYSE:HP) reported a net loss of $155 million or $(1.42) per diluted share from operating revenues of $688 million for the quarter ended June 30, 2019, compared to income of $61 million, or $0.55 per diluted share, on revenues of $721 million for the quarter ended March 31, 2019. The net loss per diluted share for the third fiscal quarter and the net income for second fiscal quarter include $(1.82) and $(0.01), respectively, of after-tax losses comprised of select items(3). For the third fiscal quarter select items(3) were comprised of:

  • $0.15 of after-tax gains pertaining to early termination compensation, gains on sales, and discrete tax adjustments
  • $(1.97) of after-tax losses pertaining to impairments of drilling equipment and spares mainly driven by the downsizing of the Flex4 rig fleet, inventory write-downs, abandonments and accelerated depreciation, and a non-cash fair market adjustment to our equity investments*

Net cash provided by operating activities was $250 million for the third quarter of fiscal 2019 compared to $200 million for the second fiscal quarter of fiscal 2019.*

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5 Me gusta

Fue una de mis primeras compras DGI, ya que filtrando la lista CCC es uno (o el más) cegador de los yields de aristócratas casi reyes.
Al ir reconvertiedo la cartera hacia posiciones más seguras la vendí porque no entraba en mis filtros de capitalización (algo menos de 5000M) y seguridad (ahora tiene 41 en SSD y me suena que entonces aún menos)

2 Me gusta

Fourth Quarter & Fiscal Year End Results (14/11/2019)

  • H&P generated $856 million in operating cash flow during fiscal 2019 representing
    an increase of approximately $300 million from the prior year
  • During the fourth fiscal quarter, even though completing an acquisition,
    repurchasing debt and shares, the Company increased its cash and short-term
    investment position by approximately $20 million from the prior quarter
  • Quarterly U.S. Land revenue decreased $39 million to $545 million sequentially,
    while operating margins decreased by $23 million to $188 million sequentially;
    revenue days decreased to 18,765 from 19,846 in the prior quarter
  • Quarterly U.S. Land adjusted average rig revenue of $25,365 per day decreased by
    roughly $400(1) per day, down approximately 2% sequentially, while quarterly U.S.
    Land adjusted average rig margin of roughly $10,400 per day decreased by
    approximately $520(1) per day, down roughly 5% sequentially

First Quarter Results (03/02/2020)

  • Quarterly U.S. Land revenue decreased $36 million to $509 million sequentially, while operating
    gross margins(1) decreased by $7 million to $182 million sequentially; revenue days decreased
    6% to 17,684 from 18,765 in the prior quarter
  • Both quarterly U.S. Land adjusted average rig revenue of $25,397(2) per day and U.S Land
    adjusted average rig margin of $10,410(2) per day were roughly flat sequentially
  • H&P’s drilling automation technology, AutoSlideSM, has been commercially deployed in six U.S.
    shale basins, and has drilled over 150 wells and 2.6 million feet
  • Approximately 10% of the Company’s active U.S. FlexRig® fleet operated under non-traditional
    dayrate contracts during the quarter
  • On December 13, 2019, Directors of the Company declared a quarterly cash dividend of $0.71
    per share
  • In 2020, the Company is celebrating its Centennial Anniversary and over 60 years as a public
    company

https://seekingalpha.com/news/3557015-helmerich-payne-reaffirms-0_71-dividend