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 Earnings Miss Estimates in Q4, Revenues Surpass [Yahoo! Finance]Yahoo! Finance
- Helmerich & Payne, Inc. (NYSE: HP) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Helmerich & Payne, Inc. (NYSE: HP) had its price target lowered by analysts at Barclays PLC from $39.00 to $36.00. They now have an "equal weight" rating on the stock.MarketBeat
- Helmerich & Payne, Inc. (NYSE: HP) had its price target lowered by analysts at Royal Bank of Canada from $44.00 to $41.00. They now have a "sector perform" rating on the stock.MarketBeat
- Are You a Value Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
HP
Earnings
- 11/13/24 - Miss
HP
Sec Filings
- 11/13/24 - Form 10-K
- 11/13/24 - Form 8-K
- 10/18/24 - Form SC
- HP's page on the SEC website