Helmerich & Payne Down 16% in a Year: Is the Stock a Sell? [Yahoo! Finance]
Helmerich & Payne, Inc. (HP)
Last helmerich & payne, inc. earnings: 4/30 04:43 pm
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Source: Yahoo! Finance
Shares of oil and gas drilling contractor Helmerich & Payne HP have lost around 16% of their value in the past year, contrasting with the sector's increase of 2.2%. The S&P 500 Index has risen 32.5% over the same timeframe. HP One-Year Stock Performance Image Source: Zacks Investment Research Let's now take a close look at Helmerich & Payne, with an eye on where it stands after falling so much, along with what we can expect going forward. What's Dragging Down HP Stock? Investors seem to be worried about the declining rig count in North America and increased operational costs. Declining U.S. Drilling Activity: Helmerich & Payne faces downward pressure due to declining U.S. drilling activity, exacerbated by efficiency gains in horizontal drilling. While longer laterals have increased production, the sector is using fewer rigs, limiting HP's growth potential. With rig utilization at 62% as of July 2024 and public companies cutting back on drilling amid cost-cutting mergers,
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News
- Helmerich & Payne Down 10% in a Year: What Awaits the Stock? [Yahoo! Finance]Yahoo! Finance
- Why Is Helmerich & Payne (HP) Down 0.3% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Helmerich & Payne, Inc. Announces Release of its 2024 Sustainability ReportBusiness Wire
- Is Helmerich & Payne, Inc. (NYSE:HP) Trading At A 48% Discount? [Yahoo! Finance]Yahoo! Finance
- Helmerich & Payne Earnings Miss Estimates in Q4, Revenues Surpass [Yahoo! Finance]Yahoo! Finance
HP
Earnings
- 11/13/24 - Miss
HP
Sec Filings
- 12/23/24 - Form 8-K
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- HP's page on the SEC website