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Why Helmerich & Payne's Stock Is Trading Lower Today

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Helmerich & Payne (NYSE: HP) shares are trading lower on Tuesday after Bank of America downgraded the stock from Buy to Neutral.

Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. tight oil and gas basin and also has a small presence internationally.

Helmerich & Payne shares traded down 1.79% to $14.78 on Tuesday. The stock has a 52-week high of $47.32 and a 52-week low of $12.40.

Latest Ratings for HP

DateFirmActionFromTo
Oct 2020B of A SecuritiesDowngradesBuyNeutral
Oct 2020BarclaysUpgradesUnderweightEqual-Weight
Aug 2020B. Riley FBRDowngradesNeutralSell

View More Analyst Ratings for HP
View the Latest Analyst Ratings

 

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