Here's Where Things Went Wrong for Helmerich & Payne, Inc. in 2017
This past year has been a bit of a let-down for Helmerich & Payne (NYSE: HP) investors considering that the stock shed a quarter of its value, erasing a big chunk of last year's rebound. That slump came despite the fact that the price of oil, drilling activities in the U.S., and the company's revenue all rose this year. Profits, though, remained elusive, which is something investors couldn't forgive.
Here's a look at why the company couldn't pull out of the red this year -- and why that trend might continue.
Image source: Getty Images.
Source: Fool.com
Helmerich & Payne Inc Stock
€35.71
0.500%
Currently there is a rather positive sentiment for Helmerich & Payne Inc with 7 Buy predictions and 3 Sell predictions.
As a result the target price of 46 € shows a positive potential of 28.82% compared to the current price of 35.71 € for Helmerich & Payne Inc.
