Helmerich & Payne Hits 52-Week Low: Should You Still Hold HP Stock? [Yahoo! Finance]
Helmerich & Payne, Inc. (HP)
Last helmerich & payne, inc. earnings: 4/30 04:43 pm
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Source: Yahoo! Finance
Year to date, Helmerich & Payne has lost almost 10% of its value, contrasting with the sector's increase of 4.9%. Meanwhile, the S&P 500 Index has risen 18.4% over the same timeframe. The company has also fared worse than its peers like Nabors Industries NBR and Diamond Offshore Drilling DO. YTD Price Comparison Image Source: Zacks Investment Research What's Dragging Down HP Stock? Investors seem to be worried about the declining rig count in North America and increased operational costs. Lower Rig Count: Helmerich & Payne faces challenges from a declining rig count and maturing shale drilling. The North America Solutions segment saw its average contracted rig count drop to 150 in the fiscal third quarter of 2024 from 155 in the previous three-month period, reflecting slowing demand and contract churn. Additionally, the U.S. shale industry's maturation has led to flattened production growth in key basins like the Permian. These factors could impact HP's revenue stability and
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HP
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