Another Rare Buying Opportunity: Another Energy-Related Company Down In Trading Today: HP -- Helmerich and Payne -- FlexRigs

From Yahoo!InPlay, Helmerich and Payne misses forecasts, beats on revenues:

Helmerich & Payne misses by $0.04, beats on revs (HP) 69.98 : Reports Q2 (Mar) earnings of $0.93 per share, excluding non-recurring items, $0.04 worse than the Thomson Reuters consensus of $0.97; revenues rose 38.3% year/year to $604 mln vs the $592.4 mln consensus. Co also announced today that it signed contracts to build and operate eight additional FlexRigs, bringing to 14 the number of additional FlexRig commitments announced since the Company's January 27, 2011, earnings release. These rigs will be built and operated in the U.S. under multi-year term contracts that provide attractive dayrates and economic returns. Since March 2010, the co has announced contracts for the construction of 45 new build FlexRigs, of which 26 have been completed. The remaining 19 rigs are expected to be delivered during calendar 2011.