5 Things Helmerich & Payne's Management Thinks You Should Know
Wall Street has become increasingly frustrated with Helmerich & Payne's (NYSE: HP) results as of late. In 2017, the contract petroleum driller's stock has declined more than 40% as the company hasn't been able to translate the rapid rise in drilling activity into bottom-line results. Some of the reasons for this were well known, though, and management even let the market know that profitability would be subdued during this time.
In the company's most recent conference call, management started to hint that things will start to look better in the second half of the year. Here is a selection of quotes from the call that should give you an idea of what investors can expect from Helmerich & Payne's over the next several quarters and, more importantly, what we can expect from the land rig market over the next few years.
Image source: Getty Images.
Source: Fool.com
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