Full-Time
Operations Engineer
Helmerich & Payne
1,001-5,000 employees
Onshore and offshore drilling services
No salary listed
Covington, LA, USA
In Person
Bachelor's
 Mechanical Engineering (1) |
|---|
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- A Bachelor’s Degree is required.
- Familiarity with American Petroleum Institute specification and recommended practices is required.
- Familiarity with Federal Outer Continental Shelf regulatory requirements under Title 30 CFR 250 is required.
- Knowledge of drilling operations and equipment is required.
- Ability to work with multiple engineering disciplines and operational groups is required.
- Understanding of H&P’s external customer base and their support demands, including technical specifications, is required.
- A strong commitment to safety by design is required.
- Demonstrated commitment to safety leadership is required.
- Ability to create and read engineering drawings to communicate new ideas and products is required.
- Ability to analyze rig platform problems and support technical service and solutions for equipment, structural, and operational problems is required.
- Strong PC-based software application skills, including Excel and Word, are required.
- Solid documentation and organization skills are required.
- Strong oral and written communication skills are required.
- The candidate must be ethical, self-motivated, and able to set and achieve goals.
- Demonstrate a workplace committed to the H&P Way.
- Serve as a liaison with operator and company personnel.
- Provide H&P Rig Superintendents with technical support as needed.
- Define project objectives and develop operating plans, including manpower requirements, in compliance with senior management decisions related to the rig platform.
- Prepare, review, and participate in performance review meetings with the customer, using data to demonstrate the value H&P brings to the operation and identify ways to improve.
- Analyze drilling operations, including safety, and recommend procedural changes to meet goals and objectives.
- Identify, develop, and recommend revisions to standards, operating procedures, and new programs to improve efficiency.
- Participate in planning and support rig platform structural inspections, maintenance, and critical equipment certification; analyze inspection reports and ensure actions are taken to resolve issues identified during inspections.
- Create and read engineering drawings to communicate new ideas and products.
- Monitor the condition of drilling rigs and equipment to ensure preventive maintenance procedures are followed.
- Prepare reports for managerial review concerning drilling progress, operational problems, and equipment requirements.
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
Flexible Spending or Health Savings Accounts
Learning & Development Opportunities
Educational Assistance
Parental & Adoption Benefits
Disability Coverage
Employee Assistance Program
Flexible Scheduling
Flex-scheduling available for qualifying positions to achieve work-life integration
401k match
Paid Leave Plans
Leave Plans
Leave Plans
504
Company News
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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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.
Helmerich & Payne has secured a long-term FlexRig contract with Formentera Partners, Daly Waters Energy, and INPEX in Australia's Beetaloo Basin, locking in drilling capacity into the next decade. The deal follows the company's fiscal Q3 2026 results showing quarterly revenue of $1.03 billion and net income of $75.68 million. The firm also raised its North America rig-count guidance and announced a $0.25 cash dividend. Shares have climbed to $37.10, posting an 8.61% return over seven days and 23.91% year to date. The one-year total shareholder return stands at 119.57%. Analysts maintain a consensus price target of $41.47, suggesting potential upside from current levels.
Helmerich & Payne reported third-quarter revenue of $1.03 billion for the period ended June 2026, down 0.6% year-over-year but beating the consensus estimate by 4.7%. The company posted a loss of $0.11 per share, missing expectations of $0.11 profit and contrasting with $0.22 earnings in the prior-year quarter. North America Solutions generated $562.9 million in operating revenue, exceeding the $548.37 million analyst estimate despite a 5% yearly decline. The segment's operating income reached $140.31 million, surpassing the $130.81 million consensus. Offshore Solutions revenue hit $174.41 million, beating estimates and rising 7.8% year-over-year. International Solutions brought in $250.12 million, above the $239.85 million forecast but down 5.9% annually. The company operated 142 average active rigs in North America, closely matching analyst projections.
Helmerich & Payne reported second quarter 2026 results that exceeded analyst expectations. The land drilling contractor posted revenue of $1.03 billion, beating estimates of $982.1 million by 5.4%, though sales were flat year on year. The company's GAAP earnings per share came in at $0.74, significantly above the consensus estimate of -$0.15. Adjusted EBITDA reached $236.1 million with a 22.8% margin, beating forecasts by 10.2%. Operating margin improved to 18.2%, up from -12.3% in the same quarter last year. The company operates the largest fleet of super-spec rigs in North America, providing drilling services to oil and gas companies. Over the past five years, Helmerich & Payne achieved 30.3% annualised revenue growth.