Helmerich & Payne Inc. ($HP) Stock Forecast: Down 5.4% Today

What is Helmerich & Payne Inc.?

Helmerich & Payne (HP) is a company in the energy sector specializing in the drilling industry. The stock experienced downward movement today in a tough market environment.

Why is Helmerich & Payne Inc. going down?

HP stock is down 5.4% on Dec 19, 2024 14:59

• Challenges in HP's North American Solutions segment are impacting its revenue significantly.
• The stock has been declining, potentially due to worries about the company's performance and future prospects.
• Concerns about the recent earnings report may have unsettled investors, resulting in a pessimistic attitude towards the stock.
• Overall, the combination of underperforming segments and disappointing earnings likely influenced the bearish trend in HP's stock price today.

HP Price Chart

HP Technical Analysis

HP News

Helmerich & Payne Down 10% in a Year: What Awaits the Stock?

HP faces headwinds in its North American Solutions segment, which accounts for almost 90% of revenues.

https://www.zacks.com/stock/news/2383755/helmerich-payne-down-10-in-a-year-what-awaits-the-stock

Why Is Helmerich & Payne ( HP ) Down 0.3% Since Last Earnings Report?

Helmerich & Payne (HP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

https://www.zacks.com/stock/news/2383486/why-is-helmerich-payne-hp-down-03-since-last-earnings-report

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Helmerich & Payne Inc. Price History

06.10.2024 - HP Stock was up 7.1%

• The market reacted positively to the anticipation of earnings growth for HP.
• Investors are optimistic about HP's upcoming earnings report, expecting a beat on the earnings.
• The positive sentiment surrounding HP's future performance likely contributed to the bullish movement in the stock price today.
• The company's strong fundamentals and market expectations are driving the upward momentum in HP's stock.

21.10.2024 - HP Stock was up 5.1%

• HP stock experienced a strong bullish movement today, possibly influenced by favorable company updates or market outlook.
• The attention given to HP among companies of interest may have piqued investor curiosity and triggered increased purchasing.
• Positive responses from investors to recent HP developments or announcements likely bolstered the stock's upward momentum.
• Favorable market sentiment towards technology stocks overall today may have also contributed to the rise in HP's stock value.

15.09.2024 - HP Stock was down 6.8%

• The stock's bearish movement could be attributed to the overall decline in the oil and gas sector, impacting companies like HP.
• Investors might be concerned about the company's performance over the past year, leading to selling pressure on the stock.
• Questions about HP's potential as an investment may have contributed to the negative sentiment surrounding the stock, influencing today's bearish movement.

25.09.2024 - HP Stock was up 5.3%

• HP's consistent history of outperforming earnings expectations indicates investor confidence in the company's future, influencing the stock's upward movement.
• Expectations of HP surpassing estimates in its forthcoming earnings release may have bolstered investor confidence and impacted the positive market trend.
• Favorable market sentiment towards HP and the expectation of the company exceeding forecasts in the upcoming report likely fueled today's upward movement in the stock.

14.10.2024 - HP Stock was down 6.0%

• HP stock had a strong bearish movement today, possibly due to the company's Q4 earnings missing estimates by -3.80%.
• The market may have reacted negatively to the earnings surprise, leading to a sell-off of HP shares.
• Investors who were expecting better performance from HP in the latest quarter might have been disappointed, contributing to the downward pressure on the stock.

19.11.2024 - HP Stock was down 5.4%

• Challenges in HP's North American Solutions segment are impacting its revenue significantly.
• The stock has been declining, potentially due to worries about the company's performance and future prospects.
• Concerns about the recent earnings report may have unsettled investors, resulting in a pessimistic attitude towards the stock.
• Overall, the combination of underperforming segments and disappointing earnings likely influenced the bearish trend in HP's stock price today.

25.06.2024 - HP Stock was up 9.2%

• HP's stock surged after announcing the $2 billion acquisition of KCA Deutag, signaling a significant upward movement.
• The market responded favorably to this acquisition, which strengthens HP's international presence, particularly in the Middle East, and solidifies its global onshore drilling leadership status.
• Investors perceived this acquisition as a strategic growth move for HP, fostering increased confidence in the company's future and driving up its stock price.
• The overall market's bullish sentiment, exemplified by strong earnings from stocks like IBM, further fuelled the positive trajectory for HP shares.

26.06.2024 - HP Stock was down 5.8%

• HP stock saw a decline today despite announcing the acquisition of KCA Deutag for $1.9725 billion in cash.
• Concerns raised by actor-politician Kangana Ranaut about challenges in Himachal Pradesh, where HP operates, may have influenced the negative market reaction.
• The partnership between HP and NABU to enhance digital literacy among African children might not have been seen as an immediate positive for the stock.
• The emphasis on MSME registrations in Himachal Pradesh, highlighted by the Union Minister, could have also played a role in the bearish sentiment towards HP's stock.

25.06.2024 - HP Stock was up 11.0%

• The surge in HP's stock value is linked to its purchase of KCA Deutag for $2 billion, a move aimed at expanding its international reach, particularly in the Middle East.
• Investors view this acquisition positively, as it strengthens HP's onshore drilling presence globally and is anticipated to immediately boost cash flow and free cash flow per share.
• By enhancing its footprint in the Middle East and solidifying its position as a top player in onshore drilling worldwide, HP has bolstered investor trust, leading to the rise in stock price.

01.07.2024 - HP Stock was down 6.8%

• The devastating impact of the cloudburst incidents in Himachal Pradesh likely led to concerns about HP's supply chain and infrastructure in the region, contributing to the bearish movement in the stock.
• The damage to roads, bridges, and hydropower projects could disrupt HP's operations and logistics in the affected areas, prompting investors to react negatively to the news.
• Given HP's global presence and reliance on smooth operations, the uncertainty caused by the natural disasters in Himachal Pradesh may have raised fears about potential disruptions to the company's production and distribution networks.
• Investors might be closely monitoring HP's response to the situation and assessing the potential financial implications of the natural disasters on the company's bottom line, leading to the bearish trend in the stock.

01.07.2024 - HP Stock was down 5.3%

• The tragic incidents of cloudburst in Himachal Pradesh causing loss of life and infrastructure damage likely impacted HP's stock negatively, as the company may have operations or significant business interests in the region.
• The news about Microsoft's shares dropping due to a cloud miss could have also contributed to the bearish movement in HP's stock, as it indicates a potential weakness in the tech sector overall.
• The increase in HP's short interest could have added selling pressure on the stock, leading to a further decline in its value.
• Despite HP being listed among the top monitors tested, this positive news might have been overshadowed by the negative events and market factors, resulting in the bearish movement of the stock.

02.07.2024 - HP Stock was down 5.0%

• The bearish movement in HP stock today could be attributed to the following factors:
• HP's decision to slash prices on NVIDIA RTX-powered laptops may indicate a move to boost sales but could also impact profit margins negatively, leading to investor concerns.
• The focus on sustainable and responsible business practices through initiatives like the 'HP Future Impact Leader IICA Certified ESG Professional Programme' could be seen as a positive step, but if investors perceive increased spending on such programs as a financial burden, it could impact the stock negatively.
• The natural disasters in Himachal Pradesh causing loss of life and infrastructure damage may have broader implications on the market sentiment, leading to a sell-off in HP stock as investors reevaluate risk exposure in the region.
• Overall, a combination of pricing strategies, sustainability efforts, and external factors like the Himachal Pradesh calamities may have contributed to the bearish movement in HP stock today.