Big Day On The Market; CNBC Crawler -- Among The Leaders: HP

HP is up almost 5%.

We wrote about HP just a few days ago when they announced a tripling of their dividend.  

Motley Fool took notice:

Although I can’t be certain, I don’t believe there is any other company in the market that has increased its dividend yield by 1,000% over the last five years, except for Helmerich & Payne. In my opinion, Helmerich & Payne is the quintessential dividend play in the energy space.

Helmerich & Payne has a massive fleet of rigs – most of which are U.S. based – and the company charges a hefty premium for its high-performance rigs. Over the last few years, the U.S. has placed an emphasis on domestic oil production, and is expected to increase oil production even more in upcoming years. Therefore, it is encouraging that Helmerich & Payne owns 330 land rigs with 296 being in the U.S. Thus, with demand increasing, and Helmerich & Payne having great supply and pricing power, I think it is a great investment moving forward.

MarketWatch took note also:

Helmerich & Payne Inc. shares came off of their intra-day high to close up 4.4%. The contract drilling company said earlier this month that it is raising its quarterly dividend to 50 cents a share from 15 cents, but the stock rose only 1.5% since the announcement. 

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you might have read here. 

Active rigs in North Dakota today? 184 (steady, but down slightly)