HP Stock Recent News

Helmerich & Payne (HP) expects a $500 million capital outlay in 2024, with depreciation and amortization expenses of $405 million, and research and development expenses of $37 million.

Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like SAPMF, HP and PDS.

TULSA, Okla.--(BUSINESS WIRE)--In conjunction with Helmerich & Payne, Inc.'s (NYSE: HP) second quarter 2024 earnings release, you are invited to listen to its conference call on Thursday, April 25, 2024, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Mark Smith, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. Investors may listen to the conference call either by phone or audio webcast. What: Helmerich & Payne, Inc.'s Fiscal Second Quarter.

We remain optimistic about near-term prices for crude and advise investors to buy stocks like MUSA, SUN and HP.

Helmerich & Payne (HP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Helmerich & Payne (HP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

HP Inc (NYSE:HPQ) shares opened 3% lower in opening Thursday exchanges on a mixed reaction to the personal computer maker's first-quarter financials. Net quarterly revenues saw a 4.4% year-on-year decline to $13.2 billion, reflecting lower demand in the global PC market.

Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like VAL, HP and SDRL.

The oil and gas contract driller unveiled its first set of quarterly results for the new fiscal year. Although revenue and profitability dropped, both handily beat analyst estimates.

Helmerich & Payne (HP) expects capital outlay in the range of $450-$500 million, with depreciation and amortization expenses of $390 million for 2024.