HP

Discussion in 'Stocks' started by dealmaker, Jul 22, 2017.

  1. dealmaker

    dealmaker

    Barron's
    The Biggest Loser: Helmerich & Payne Slumps 5.5%
    Tumbling crude prices sunk oil-services stocks and made Helmerich & Payne the worst performing stock in the S&P 500.
    By
    Ben Levisohn
    July 21, 2017 5:39 p.m. ET
    Helmerich & Payne(HP) tumbled to the bottom of theS&P 500today as oil prices fell, sinking oil-services stocks.

    [​IMG]
    ILLUSTRATION:GETTY IMAGES
    Helmerich & Payne dropped 5.5% to $54.13 today, while the S&P 500. TheVanEck Vectors Oil Services ETF(OIH) fell 2.5% to $25.02 as oil dropped 2.5% to $45.77 a barrel today. Oil services stocks fell despitestrong earnings fromSchlumberger(SLB), which declined 0.7% to $66.53.

    Helmerich & Payne's market capitalization fell to $5.9 billion today from $6.2 billion yesterday. It reported a net loss of $55 million on sales of $1.6 billion in 2016.
     
    #1     Jul 22, 2017
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  2. Valutiamy

    Valutiamy

    With Musk's rollout of the S3 this week, is oil going to be affected even more by this?
     
    #2     Jul 22, 2017
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