Latest news with #Helmerich&Payne
Business Wire
17-07-2025
- Business
- Business Wire
Helmerich & Payne, Inc. Announces Fiscal Third Quarter 2025 Conference Call and Webcast
TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) will host a conference call Thursday, August 7, 2025, at 11:00 a.m. ET to discuss its fiscal third quarter 2025 results. President and CEO John Lindsay and Senior Vice President and CFO Kevin Vann will lead the call. The earnings release and accompanying presentation will be available at Investors can join the call via phone or audio webcast. If you are unable to listen during the live webcast, the call will be archived for 365 days on Helmerich & Payne, Inc.'s website, under 'News & Events – Events & Presentations', which can be accessed through the 'Investors' section of the website. About Helmerich & Payne, Inc. Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit Helmerich & Payne uses its website as a channel of distribution for material company information. Such information is routinely posted and accessible on its investor relations website at
Yahoo
14-07-2025
- Business
- Yahoo
Helmerich & Payne Sees Elevated Insider Activity Amid Market Caution
Helmerich & Payne, Inc. (NYSE:HP) is one of the . The company extends its Exchange Offer for senior notes, but the price target is lowered after citing headwinds in both the U.S. and international markets. An offshore drilling rig in the Gulf of Mexico surrounded by a sea of blue. Headquartered in Oklahoma, Helmerich & Payne, Inc. (NYSE:HP) is a petroleum contract drilling company, operating since 1920. The company provides performance-oriented drilling solutions, including FlexRigs, for oil and gas E&P clients across the world. As the largest onshore driller in the U.S., the company holds over 40% share of the super-spec rig market. On June 27, 2025, Helmerich & Payne, Inc. (NYSE:HP) extended the closing of its Exchange Offer for senior notes. The initial expiration date for the offer was June 26, 2025, and it has been extended to close on July 10, 2025. Though the high percentage of the Old Notes has already been tendered, additional time is provided for holders of unregistered Old Notes who want to exchange them soon. The company later saw its positive ratings maintained by Susquehanna, but the price target on the stock is lowered from $24 to $23, citing potential headwinds in the U.S. and international markets, which are affecting the oilfield services sector. Insider confidence in the stock, however, remains positive and upward as reflected in the increase of 1.57% during the last six months. 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 High Risk Penny Stocks to Invest in and Disclosure. None.
Business Insider
20-06-2025
- Business
- Business Insider
Barclays Remains a Hold on Helmerich & Payne (HP)
Barclays analyst Eddie Kim maintained a Hold rating on Helmerich & Payne (HP – Research Report) on June 18 and set a price target of $17.00. The company's shares closed last Wednesday at $17.38. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Kim covers the Energy sector, focusing on stocks such as Helmerich & Payne, Valaris, and Transocean. According to TipRanks, Kim has an average return of 0.0% and a 45.45% success rate on recommended stocks. Currently, the analyst consensus on Helmerich & Payne is a Hold with an average price target of $23.25. Based on Helmerich & Payne's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.02 billion and a net profit of $1.65 million. In comparison, last year the company earned a revenue of $687.94 million and had a net profit of $84.83 million
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
