Helmerich & Payne is engaged in contract drilling of oil and gas wells for exploration and production companies. The equity shows a bullish trend since 2012.
“Surperformance” rating for the company are encouraging in both sections trading and investments. Revisions on EPS based on the last 12 months have increased by 16% for 2014 and 13% for 2015. In addition, the P/E ratio is quite low (13.8 time benefits) for the current year which means an attractive quality for an acquisition.
Technically speaking, the stock price shows an uptrend in the medium and long term and is actually testing the resistance level. This threshold, if preserved, will mean a downturn movement, but if broke it will reinforce the bullish trend even more because it also represents a positive exit from the bullish wedge.
In the case that a breakup of the resistance at USD 90.6 takes place investors could take a long position on the stock in order to profit from an acceleration process towards the midterm resistance at USD 100.8. The stop loss is placed below at USD 88.
Helmerich & Payne, Inc., through its subsidiaries, designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. The Company also develops and implements advanced automation, directional drilling and survey management technologies. Its segments include North America Solutions, Offshore Gulf of Mexico and International Solutions. The North America Solutions segment has operations which are located in Texas and other states, including Colorado, Louisiana and New Mexico. The Offshore Gulf of Mexico segment has operations that are located in Louisiana and in United States federal waters in the Gulf of Mexico. The International Solutions segment has rigs and/or services located in five international locations: Argentina, Bahrain, Colombia, the United Arab Emirates and Australia. The Company's fleet includes approximately 233 land rigs in the United States, 22 international land rigs and seven offshore platform rigs.
HELMERICH & PAYNE, INC. 
