Scoop These Up Before the Snap-Back
This HP is not the tech giant that may be coming to mind. It's Helmerich & Payne (HP), a contract-drilling service to the oil-and-gas industry that's conservativeley managed -- a big plus in a volatile industry. Its balance sheet is beautiful, the CEO is not overpaid and it pays a small dividend.
The shares look really good at Thursday's close of $42.29. The stock was down $3.31, or a stunning 7.24%. That puts HP at just 8.7x its fiscal 2012 earnings estimate of $4.88 per share, and an even lower 8x the consensus view of $5.28 in fiscal 2013. (Fiscal years end Sept. 30 of the same year)....198 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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