The oil and gas drilling company continues its bullish trend in order to test new highest level.
From a fundamental viewpoint, the company is strong and has highly qualitative Surperformance ratings. Sales have increased by 80% since 2011, showing the growth potential of the company, and are expected to rise by 8% and 9% until 2015. Moreover, Thomson-Reuters consensus revised regularly upward EPS estimates of the company for the current year. The company is followed by 25 analysts and is supported by a strong buying consensus.
From a technical viewpoint, the security is trading in a bullish trend in the short and long term. Increasing moving averages on every time scales let think there will be no reversal in the coming trading sessions. This growth pattern should help to reach soon the USD 115 target.
According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the investor to aim at USD 115 target. A stop loss will be placed under the entry points to avoid the start of a consolidation phase.
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. 
