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Stock Market & Financial Investment News

News Breaks
March 5, 2014
09:15 EDTHP, YPFHelmerich & Payne confirms contract awards in Argentina with YPF SA
Helmerich & Payne (HP) confirmed that the company has entered into new drilling contracts with YPF Sociedad Anonima (YPF). The company plans to deploy ten existing FlexRigs from the U.S. to work in the Vaca Muerta play in the Neuquen Province in Argentina under five-year term contracts. The first rig is expected to commence drilling operations during the company's Q4. The remaining nine rigs are expected to be sequentially deployed, reaching full utilization by the end of the 2Q15. No other terms and conditions were disclosed.
News For HP;YPF From The Last 14 Days
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February 10, 2016
07:00 EDTHPNabors Industries offers best value among Land Drillers, says Citi
After assessing a range of net asset values for Land Drillers based on a various recovery scenarios, Citi analyst Scott Gruber says Nabors Industries (NBR) offers the best value within the group. The stock presents upside of 200% in his bull case and 65% downside in his bear case. Gruber calls Halliburton (HAL) his top pick, however, saying frac "offers superior recovery potential" to land rigs. The analyst has Buy ratings on both names along with Patterson-UTI (PTEN). He has a Neutral rating on Helmerich & Payne (HP).
February 2, 2016
14:06 EDTHPState Farm Mutual Automobile reports 7.7% passive stake in Helmerich & Payne
07:18 EDTHPJefferies sees relative value in Nabors Industries
Jefferies analyst Brad Handler believes shares of Nabors Industries (NBR) can outperform Patterson-UTI (PTEN) over the near term and Helmerich & Payne (HP) over the longer term. His analysis suggests Nabors likely avoids covenant breach and has adequate liquidity to weather the downturn. Handler keeps a Hold rating on Nabors, however, with a reduced price target of $7.
January 28, 2016
11:39 EDTHPHelmerich & Payne says Permian driving better U.S. well performance
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11:28 EDTHPHelmerich & Payne says has term contracts for 87 rigs in Q2
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11:11 EDTHPHelmerich & Payne: Tone for 2016 has shifted to 'lower for longer' oil prices
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06:18 EDTHPHelmerich & Payne sees Q2 US land segment revenue days to decrease 20%
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06:17 EDTHPHelmerich & Payne reports Q1 land operations operating income $56M
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06:16 EDTHPHelmerich & Payne reports Q1 adjusted 5c, consensus (7c)
Reports Q1 revenue $487.85M, consensus $458.65M.

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