NEW YORK ( TheStreet) -- The ex-dividend date for Helmerich & Payne (NYSE: HP) is Monday, February 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $58.96 as of 9:30 a.m. ET, the dividend yield is 0.5%. The average volume for Helmerich & Payne has been 1.7 million shares per day over the past 30 days. Helmerich & Payne has a market cap of $6.59 billion and is part of the basic materials sector and energy industry. Shares are up 4.2% year to date as of the close of trading on Thursday. Helmerich & Payne, Inc. engages in the contract drilling of oil and gas wells. It provides drilling rigs, equipments, personnel, and camps on a contract basis to explore for and develop oil and gas from onshore areas and fixed platforms, tension-leg platforms, and spars in offshore areas. The company has a P/E ratio of 14, below the average energy industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Helmerich & Payne as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Helmerich & Payne Ratings Report. See our dividend calendar or top-yielding stocks list.