Latest news with #Helmerich&Payne
Yahoo
22-05-2025
- 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.
Yahoo
22-05-2025
- Business
- Yahoo
Helmerich & Payne (HP) is Among the Energy Stocks That Fell the Most This Week
The share price of Helmerich & Payne, Inc. (NYSE:HP) fell by 15.74% between May 13 and May 20, 2025, putting it among the . Let's shed some light on the development. 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 this week after analysts at Citi downgraded the stock from Buy to Neutral, while also reducing its price target from $25 to $19. The move comes as a result of the bleak outlook faced by the oilfield services industry due to an anticipated decline in rig counts and lower drilling activity. Many major oil producers have reduced their planned capital spending for the year following the plunge in crude oil prices, which will have a significant impact on the oilfield services sector. Citi analysts have forecasted an 8.5% decline in Helmerich & Payne, Inc. (NYSE:HP)'s active rig count, which translates to 13 fewer rigs, coupled with an approximate 10% fall in rates. As a result, the company is expected to witness a 25% reduction in margins over the next few years, which will then lead to a downturn in its EBITDA as well as cash flow. While we acknowledge the potential of HP to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HP but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds 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
21-05-2025
- Business
- Yahoo
Helmerich & Payne (HP) Downgraded at Citi
The stock of Helmerich & Payne, Inc. (NYSE:HP) has recently been downgraded by analysts at Citi. Let's shed some light on the development. An offshore drilling rig in the Gulf of Mexico surrounded by a sea of blue. Helmerich & Payne, Inc. (NYSE:HP) is one of the largest platform services operators in the world, delivering safe and efficient wells with Managed Pressure Drilling (MPD) technology and solutions. On May 19, 2025, the stock was downgraded by analysts at Citi from Buy to Neutral, with its price target also cut from $25 to $19. The revised outlook comes as a result of increasing difficulties for the oilfield servicing sector due to plunging prices of crude oil, resulting in an anticipated decline in rig counts and lower drilling activity. The tariffs on steel and aluminum have also raised costs for the industry and reduced its margins. Citi analysts project an 8.5% decrease in Helmerich & Payne, Inc. (NYSE:HP)'s active rig count, which translates to 13 fewer rigs, coupled with an approximate 10% fall in rates. As a result, the company is anticipated to witness a 25% reduction in margins over the next few years, which will then have an impact on its EBITDA as well as cash flow. Earlier this month, Helmerich & Payne, Inc. (NYSE:HP) reported mixed results for its Q1 2025, with its EPS of $0.02 significantly falling behind estimates by $0.6. However, the company's revenue surged by 47.7% YoY to just over $1 billion during the quarter, topping expectations by more than $60 million. While we acknowledge the potential of HP to grow, 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 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None.
Yahoo
21-05-2025
- Business
- Yahoo
Helmerich & Payne (HP) is Among the Energy Stocks That Fell the Most This Week
The share price of Helmerich & Payne, Inc. (NYSE:HP) fell by 15.74% between May 13 and May 20, 2025, putting it among the . Let's shed some light on the development. 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 this week after analysts at Citi downgraded the stock from Buy to Neutral, while also reducing its price target from $25 to $19. The move comes as a result of the bleak outlook faced by the oilfield services industry due to an anticipated decline in rig counts and lower drilling activity. Many major oil producers have reduced their planned capital spending for the year following the plunge in crude oil prices, which will have a significant impact on the oilfield services sector. Citi analysts have forecasted an 8.5% decline in Helmerich & Payne, Inc. (NYSE:HP)'s active rig count, which translates to 13 fewer rigs, coupled with an approximate 10% fall in rates. As a result, the company is expected to witness a 25% reduction in margins over the next few years, which will then lead to a downturn in its EBITDA as well as cash flow. While we acknowledge the potential of HP to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HP but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None.
Yahoo
20-05-2025
- Business
- Yahoo
Helmerich & Payne (HP) Downgraded at Citi
The stock of Helmerich & Payne, Inc. (NYSE:HP) has recently been downgraded by analysts at Citi. Let's shed some light on the development. An offshore drilling rig in the Gulf of Mexico surrounded by a sea of blue. Helmerich & Payne, Inc. (NYSE:HP) is one of the largest platform services operators in the world, delivering safe and efficient wells with Managed Pressure Drilling (MPD) technology and solutions. On May 19, 2025, the stock was downgraded by analysts at Citi from Buy to Neutral, with its price target also cut from $25 to $19. The revised outlook comes as a result of increasing difficulties for the oilfield servicing sector due to plunging prices of crude oil, resulting in an anticipated decline in rig counts and lower drilling activity. The tariffs on steel and aluminum have also raised costs for the industry and reduced its margins. Citi analysts project an 8.5% decrease in Helmerich & Payne, Inc. (NYSE:HP)'s active rig count, which translates to 13 fewer rigs, coupled with an approximate 10% fall in rates. As a result, the company is anticipated to witness a 25% reduction in margins over the next few years, which will then have an impact on its EBITDA as well as cash flow. Earlier this month, Helmerich & Payne, Inc. (NYSE:HP) reported mixed results for its Q1 2025, with its EPS of $0.02 significantly falling behind estimates by $0.6. However, the company's revenue surged by 47.7% YoY to just over $1 billion during the quarter, topping expectations by more than $60 million. While we acknowledge the potential of HP to grow, 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 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. 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
