Latest news with #HelmerichAndPayne
Yahoo
21-07-2025
- Business
- Yahoo
Helmerich & Payne (HP) Fell by Almost 10% This Week. Here is Why.
The share price of Helmerich & Payne, Inc. (NYSE:HP) fell by 9.61% between July 11 and July 18, 2025, putting it among the Energy Stocks that Lost the Most This Week. An offshore drilling rig in the Gulf of Mexico surrounded by a sea of blue. Helmerich & Payne, Inc. (NYSE:HP), together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies. Helmerich & Payne, Inc. (NYSE:HP) was also among the oilfield services stocks that fell heavily recently following reports of a sharp slowdown in drilling activity due to declining crude oil prices and the widespread economic uncertainty. This has led to analysts dropping their expectations regarding the sector's earnings in Q2 2025, leading to an overall bearish sentiment by investors. It must be mentioned that Helmerich & Payne, Inc. (NYSE:HP) was also dealt a blow last month after the company announced contract suspensions on nine additional rigs in Saudi Arabia, bringing its total suspension count to 26 in the kingdom. While we acknowledge the potential of HP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Oil and Gas Dividend Stocks to Buy Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Sign in to access your portfolio
Yahoo
27-06-2025
- Business
- Yahoo
Helmerich & Payne (HP): Among the Energy Stocks that Lost This Week
The share price of Helmerich & Payne, Inc. (NYSE:HP) fell by 10.93% between June 18 and June 25, 2025, putting it among the Energy Stocks that Lost the Most This Week. An offshore drilling rig in the Gulf of Mexico surrounded by a sea of blue. Helmerich & Payne, Inc. (NYSE:HP), together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies. Helmerich & Payne, Inc. (NYSE:HP) suffered a setback after analysts at Barclays recently lowered the stock's price target from $20 to $17, while maintaining an 'Equal Weight' rating on its shares. The analysts highlighted the underperformance of North America's onshore energy services, stating that the trend could continue until rig count declines cease and expectations for the second half of 2025 are reset downward. Barclays has lowered its estimates across its coverage, but the firm believes that the 'worst-case scenario' of crude oil below $55 per barrel 'is now behind us', and that there may be a more stable environment ahead for the energy industry. While we acknowledge the potential of HP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and 12 Best Natural Gas Stocks to Buy According to Analysts Disclosure: None.
Yahoo
19-06-2025
- Business
- Yahoo
Here is Why Helmerich & Payne (HP) Fell This Week
The share price of Helmerich & Payne, Inc. (NYSE:HP) fell by 4.18% between June 10 and June 17, 2025, putting it among the Energy Stocks that Lost the Most This Week. An offshore drilling rig in the Gulf of Mexico surrounded by a sea of blue. Helmerich & Payne, Inc. (NYSE:HP), together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies. Helmerich & Payne, Inc. (NYSE:HP) fell last week after disclosing that it has received notices of contract suspensions for an additional nine rigs in Saudi Arabia, bringing its total paused rigs in the country to 26. The rigs were part of a legacy KCA Deutag fleet that the oilfield services company acquired when it bought the competitor in a nearly $2 billion deal in January. However, despite the setback, Helmerich & Payne, Inc. (NYSE:HP) remains optimistic. The company's chief executive, John Lindsay, stated: 'Although the unexpected softening in the KCA Deutag acquisition's Saudi operations has presented short-term financial challenges, H&P continues to maintain its strong financial foundation. Even with the slowdown in the Saudi market, we are beginning to capture synergies from this transaction and remain confident that our significant drilling presence in the world's most productive oil and gas region enhances the company's long-term position in the global market. Additionally, our North America solutions operations and other markets are performing in-line with the guidance shared during our May earnings call.' While we acknowledge the potential of HP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
Morgan Stanley Lifts Price Target on Helmerich & Payne (HP), Keeps Equal Weight Rating
On Wednesday, May 21, Morgan Stanley increased its price target for Helmerich & Payne, Inc. (NYSE:HP) from $25 to $29 but kept an 'Equal-Weight' rating. The firm's analysts changed their estimates for the company's revenue and EPS for the fiscal years 2025 and 2026. Morgan Stanley now expects an increase of 3-11% compared to its previous model. An offshore drilling rig in the Gulf of Mexico surrounded by a sea of blue. The analysts also noted that revenue projections for the April and July quarters have improved because of a pull-forward effect as some business was moved forward. Helmerich & Payne, Inc. (NYSE:HP) is an American company that specializes in oil and gas well drilling and related services for exploration and production companies. The company designs and operates high-performance drilling rigs in conventional and unconventional plays worldwide. Additionally, Helmerich & Payne, Inc. (NYSE:HP) develops advanced automation, directional drilling, and survey management technologies. While we acknowledge the potential of HP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HP and that has a 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None.
