Oil and gas drilling services contractor Helmerich & Payne Inc. (NYSE: HP) was crushed after oil prices tumbled in mid-2014. And for good reason, with its active U.S. land rig count falling a massive 70% in just six quarters. However, after hitting a bottom, things have started to turn around. Better yet, there appears to be another upgrade cycle taking shape that Helmerich & Payne is set to take advantage of, and that could make this drilling services company a buy -- but don't expect huge price gains from here.Helmerich & Payne's stock price fell more than 60% following the top in oil prices.
Similar Stories to Is Helmerich & Payne Inc. (hp) A Buy? on Bing News
newsfeedback@fool.com (Reuben Gregg Brewer), The Motley Fool
Thu, 04/19/2018 - 3:34am
BING NEWS:
- The five-year underlying earnings growth at Helmerich & Payne (NYSE:HP) is promising, but the shareholders are still in the red over that time
Helmerich & Payne became profitable within the last five years. Most would consider that to be a good thing, so it's counter-intuitive to see the share price declining. Other metrics might give us a ...
05/5/2024 - 2:24 am | View Link - Helmerich & Payne Inc HP
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
05/1/2024 - 1:00 pm | View Link - Helmerich & Payne, Inc. (NYSE:HP) Q2 2024 Earnings Call Transcript
Q2 2024 Earnings Call April 25, 2024 Helmerich & Payne, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, ...
04/30/2024 - 5:15 am | View Link - What Analysts Are Saying About Helmerich & Payne Stock
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $47.67, a high estimate of $52.00, and a low estimate of $42.00. Observing a 5.0% ...
04/25/2024 - 7:15 am | View Link - HP Stock Earnings: Helmerich & Payne Misses EPS, Beats Revenue for Q2 2024
HP stock results show that Helmerich & Payne missed analyst estimates for earnings per share but beat on revenue for the second quarter of 2024.More From InvestorPlace The #1 AI Investment Might Be ...
04/24/2024 - 5:53 pm | View Link - More
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