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Helmerich & Payne (HP) in Focus: Stock Lost 6.2% Last Friday (Revised) - Tale of the Tape

Zacks Equity Research
Updated

Helmerich & Payne, Inc. (HP) saw a big move last Friday, as the company’s shares fell over 6% on Jul 24. The move came on pretty good volume too with far more shares changing hands than in a normal session. Moreover, HP is down over 17% in the past one-month time frame.

Also, this slump shouldn’t be too much of a surprise to investors, as the Oil and Gas Drilling company has seen 5 negative revisions compared to just 1 upward revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

HP currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.

A better-ranked stock in the Oil and Gas Drilling industry is Precision Drilling Corporation (PDS) which holds a Zacks Rank #2 (Buy).

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(We are reissuing this article to correct a mistake. The original article, issued on July 27, 2015, should no longer be relied upon)


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HELMERICH&PAYNE (HP): Free Stock Analysis Report
 
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Zacks Investment Research