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Helmerich & Payne

Onshore and offshore drilling services

Floorhand - No experience

Full-TimeUpdated on 10/15/2026Deadline 12/31/26
No salary listed
Entry
Añelo, Neuquén Province, Argentina
In Person
Manufacturing & Production OperationsMachine & Process Operation

About the job

Requirements
  • Completed technical secondary school or completed secondary school, verifiable.
  • Provide good personal references and a background certificate.
  • Experience in general labor, construction, metalworking, or related work is valued but is not required.
  • Use the assigned personal protective equipment and follow health, safety, and environmental procedures.
  • Communicate and coordinate adequately with other crew members.
  • Know how to use material safety data sheets.
  • Read a measuring tape and use internal- and external-diameter calipers.
Responsibilities
  • Attend pre-shift meetings and learn alarm types, evacuation and rescue procedures, emergency and fire drill roles, and how to respond to well-control events.
  • Remain at the work site until replaced by a qualified worker, and hand over relevant information about upcoming operations, equipment condition changes, and known risks at shift changes.
  • Follow company prevention and control standards and safe work procedures; promptly report hazardous conditions, workplace accidents, incidents, and unsafe conditions to supervisors.
  • Keep company facilities, work equipment, the rig floor, and work areas clean and orderly; avoid improvised repairs or procedures that could compromise safety or operations.
  • Know the locations and proper uses of available fire extinguishers.
  • Handle drill pipe and tubulars using approved procedures, including tripping pipe in and out of the hole, breaking and making connections, and using slips, manual and automatic tongs, winches, torque tools, and related equipment.
  • Align valves before operations, including standpipe valves, and perform the basic steps for connecting the top drive.
  • Connect and break stands while tripping pipe, using winches, the ST-80 torque wrench, manual tongs, and related equipment; know tubular torque and select appropriate subs, heads, safety valves, reducers, and lifting heads as operations require.
  • Handle tubulars on the rig floor using safety lines, ropes, and correct positioning; correctly use winches, rotary bushings, mud buckets, and elevators.
  • Maintain accurate counts and markings of pipe in and out of the well, organize pipe on pipe racks, assist with pipe measurement and preparation of the pipe tally, and measure outside diameter, inside diameter, bottom-hole assembly length, and drill pipe.
  • Perform casing operations safely and know how to assemble and disassemble the casing running tool.
  • Conduct pre-shift inspections and identify the equipment to be inspected; perform preventive maintenance and replace dies on the ST-80 torque wrench, manual tongs, elevators, slips, collars, and related equipment.
  • Grease and protect pipe boxes, pins, and shoulders, and use proper lifting procedures.
  • Follow maintenance procedures for running and cutting the drilling line and know the drilling-line clamp torque.
  • Apply appropriate grease at lubrication points on the top drive, drawworks, brake, traveling equipment, standpipe valves, chicksans, deadline anchor, winches, and torque and manual tongs.
  • Perform minor maintenance and inspections on the derrick; verify that cables and slings are fit for use; use brushes, gauges, thread protectors, and pipe grease appropriately.
  • Maintain, inspect, replace screens, and clean the shale shakers; adjust mud flow through the shaker screens and operate shaker-related equipment and controls.
  • Take mud samples, weigh mud, measure funnel viscosity, and record mud weight, funnel viscosity, pit volume, screen types, and times.
  • Use appropriate procedures to maintain, repair, and adjust solids-control equipment; assist with mud and chemical handling in accordance with health, safety, and environmental procedures; perform chemical mixing operations.
  • Inform the driller about changes in mud returns; align, fill, and circulate the trip tank as required.
  • Assist with or, under supervision, perform simple maintenance and repairs on blowout preventer equipment; understand ram configurations and the consequences of closing blind and shear rams, and be able to change rams.
  • Understand responsibilities during tripping, tank operations, and drilling, and follow procedures for well-control equipment operations and for nipple-up/nipple-down of blowout preventers, diverters, and valves while using appropriate personal protective equipment.
  • Follow procedures for rig assembly, disassembly, and mobilization; maintain cleanliness and order during maintenance, repair, and testing of area equipment, including mud pumps, engines, and tanks.
  • Assist with maintenance, repair, and testing of yard equipment in accordance with health, safety, and environmental procedures; maintain and care for tools.
  • Clean pits according to the applicable procedures.
  • Use lockout, tagout, and test procedures during maintenance.
  • Monitor mud pumps, report problems to a supervisor, and know how to switch the pump to the well and align valves.
  • Change pump piston lubrication water and replace pistons, liners, valves, seats, and other consumable parts.
  • Maintain an up-to-date record of mud-pump operating hours, including hours for modules, liners, pistons, valves, and seats.

About the company

Helmerich & Payne provides drilling services for oil and gas on land, internationally, and offshore. It operates and maintains drilling rigs and related equipment to enable customers to extract resources, using advanced rig technologies and drilling solutions to boost productivity, reliability, and safety. The company differentiates itself through deep industry experience (dating back to 1920), a reputation as a trusted partner, and a focus on dependable performance, safety, and efficiency for customers. Its primary goal is to help customers increase drilling productivity, minimize downtime, and improve safety and efficiency across all rig operations.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Tulsa, Oklahoma

Founded

1920

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Simplify's Take

What believers are saying

  • August 2026 Q3 backlog reached $9.1 billion, after new offshore extensions.
  • Beetaloo Basin FlexRig contract secures Australian drilling capacity through 2032 options.
  • North America reactivated 10 rigs in Q3 2026, lifting margins and activity.

What critics are saying

  • August 2026 adjusted EPS missed by $0.20, signaling pricing pressure and execution volatility.
  • Middle East disruptions already suspended Iraq and Bahrain rigs; renewed unrest hits utilization fast.
  • The $350 million bond due 2027 plus insider selling pressures returns if cash flow weakens.

What makes Helmerich & Payne unique

  • H&P runs North America's largest super-spec FlexRig fleet, with high-efficiency rapid mobilization.
  • Offshore O&M contracts in Azerbaijan and Saudi Arabia create recurring, multi-year cash flows.
  • Global presence across U.S., Australia's Beetaloo, Saudi Arabia, and Argentina diversifies rig demand.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Health Savings Account/Flexible Spending Account
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Parental Leave
  • Family Planning Benefits
  • Fertility Treatment Support
  • Adoption Assistance

Company News

Yahoo Finance
Oct 12th, 2026
Helmerich & Payne: 30.3% annual revenue growth offset by weak gross margins

Helmerich & Payne (NYSE: HP), which runs the largest fleet of super-spec drilling rigs in North America, trades at $39.88 per share. The stock has gained 11.6% over six months, slightly behind the S&P 500's 12.8%. The company's revenue grew 30.3% a year over the last five years, ahead of the average upstream and integrated energy company. Its EBITDA margin rose 6.3 percentage points over the past year to 21.8% for the trailing 12 months, helped by operating leverage. One concern is weak profitability. Gross margin averaged 35.1% over five years, which means the company may struggle more than peers if commodity prices fall. The stock trades at 29.2 times forward earnings.

Yahoo Finance
Oct 8th, 2026
HP eyes stronger fiscal 2027 margins as ExxonMobil expands FlexRobotics deployment to 9 systems

Helmerich & Payne expects direct margins across its North America, International and Offshore Solutions businesses to reach the high end of fiscal fourth-quarter guidance. The company's North America Solutions average rig count is projected near the high end of its range, whilst International Solutions is expected to generate direct margins of around $45 million. Management anticipates overall direct margins in fiscal 2027 will exceed fiscal 2026 levels, supported by customer discussions and contracting activity. The company remains committed to reducing leverage to approximately 1x net debt to adjusted EBITDA by calendar year-end 2027. Separately, ExxonMobil is expanding its deployment of Helmerich & Payne's FlexRobotics technology from two systems to nine over the next 12 months. The automation technology is designed to reduce employee exposure to higher-risk tasks whilst improving operating efficiency.

Yahoo Finance
Oct 7th, 2026
H&P expects Q4 direct margins near high-end of guidance, eyes stronger fiscal 2027

Helmerich & Payne expects to report strong operational and financial results for its fourth quarter of fiscal 2026, with direct margins for its North America Solutions, International Solutions, and Offshore Solutions businesses all at or near the high end of previously issued guidance ranges. The International Solutions segment is expected to report direct margins of around $45 million during the quarter. North America Solutions average rig count is anticipated near the high end of guidance, whilst International and Offshore Solutions are expected near the midpoint of their respective ranges. Looking ahead to fiscal 2027, the company maintains a constructive outlook, expecting stronger overall direct margins compared to 2026. The firm remains committed to reaching approximately 1x net debt to adjusted EBITDA by calendar year-end 2027 whilst maintaining its base dividend.

MarketBeat
Sep 3rd, 2026
Helmerich & Payne (NYSE:HP) trading down 4.5% - here's what happened.

Helmerich & Payne (NYSE:HP) trading down 4.5% - here's what happened. September 3, 2026 Key points. * Helmerich & Payne shares fell 4.5% to about $45.50 in midday trading, with volume 77% below the average session level. * The company reported a quarterly loss of $0.11 per share, missing analysts' $0.09 profit estimate, while revenue of $1.03 billion topped expectations but declined slightly year over year. * Analysts' consensus rating remains Hold with a $41 price target, while insiders sold 110,673 shares worth approximately $4.86 million over the past 90 days. * MarketBeat previews the top five stocks to own by October 1st. Shares of Helmerich & Payne, Inc. (NYSE:HP - Get Free Report) traded down 4.5% on Thursday. The company traded as low as $45.65 and last traded at $45.5020. 324,529 shares were traded during mid-day trading, a decline of 77% from the average session volume of 1,403,101 shares. The stock had previously closed at $47.64. Analysts set new price targets. A number of analysts have commented on HP shares. Royal Bank Of Canada boosted their price objective on Helmerich & Payne from $38.00 to $40.00 and gave the stock a "sector perform" rating in a report on Friday, May 8th. Susquehanna increased their price target on Helmerich & Payne from $40.00 to $44.00 and gave the company a "positive" rating in a report on Friday, August 7th. Wall Street Zen upgraded shares of Helmerich & Payne from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. The Goldman Sachs Group upped their target price on shares of Helmerich & Payne from $35.00 to $41.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 3rd. Finally, Barclays raised their target price on Helmerich & Payne from $47.00 to $50.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $41.00. Helmerich & Payne trading down 4.9%. The firm has a market cap of $4.53 billion, a P/E ratio of -32.13 and a beta of 0.66. The company has a current ratio of 1.96, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69. The company's fifty day moving average price is $37.18 and its two-hundred day moving average price is $36.85. Discover more Stock Split Calculator Live News Feed Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.20). Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same quarter in the previous year, the business earned $0.22 EPS. The firm's quarterly revenue was down .6% on a year-over-year basis. As a group, sell-side analysts predict that Helmerich & Payne, Inc. will post -0.18 EPS for the current fiscal year. Insider buying and selling. In related news, SVP Cara M. Hair sold 11,149 shares of the firm's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $44.27, for a total transaction of $493,566.23. Following the completion of the transaction, the senior vice president directly owned 136,095 shares of the company's stock, valued at approximately $6,024,925.65. This trade represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Hans Helmerich sold 94,470 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $43.90, for a total transaction of $4,147,233.00. Following the completion of the sale, the director owned 20,000 shares of the company's stock, valued at approximately $878,000. This represents a 82.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 110,673 shares of company stock valued at $4,864,590 over the last 90 days. Company insiders own 4.40% of the company's stock. Institutional trading of Helmerich & Payne. Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in Helmerich & Payne by 2,433.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 1,582 shares during the last quarter. Leonteq Securities AG acquired a new position in Helmerich & Payne during the fourth quarter worth $26,000. Parallel Advisors LLC lifted its position in Helmerich & Payne by 407.1% during the 3rd quarter. Parallel Advisors LLC now owns 2,226 shares of the oil and gas company's stock worth $49,000 after acquiring an additional 1,787 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Helmerich & Payne by 24.3% during the fourth quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company's stock valued at $65,000 after purchasing an additional 445 shares in the last quarter. Finally, Strs Ohio purchased a new position in Helmerich & Payne during the first quarter valued at approximately $101,000. 96.05% of the stock is currently owned by institutional investors. About Helmerich & Payne. Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide. Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Helmerich & Payne, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Helmerich & Payne wasn't on the list. While Helmerich & Payne currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. 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Yahoo Finance
Aug 14th, 2026
Helmerich & Payne beats revenue expectations with $1.03B despite flat growth and EPS miss

Helmerich & Payne reported second-quarter revenue of $1.03 billion, beating analyst estimates of $982.1 million despite flat year-on-year sales. The company attributed the performance to increased rig reactivations in North America, expansion in Argentina, and resilient offshore operations. Adjusted EBITDA reached $234.2 million, exceeding expectations of $214.1 million with a 22.6% margin. Operating margin improved to 18.2%, up from negative 12.3% in the prior-year quarter. CEO Raymond John Adams highlighted the company's ability to deliver margin growth whilst reactivating 10 rigs across its Lower 48 fleet. Technology-driven efficiencies helped offset volatility in the Middle East and challenging pricing conditions. However, adjusted earnings per share of negative $0.11 significantly missed analyst estimates of $0.10.