Why Helmerich & Payne, Inc. Stock Rocketed Over 23% in September

The shares of high-yielding oil and gas drilling rig provider Helmerich & Payne, Inc. (NYSE: HP) rose an astounding 23% last month. That was a notable about-face for the shares, which had declined roughly 45% between the start of the year and the end of August.

That said, Helmerich & Payne wasn't the only oil and natural gas services company to see huge gains in September. Competitors Patterson-UTI Energy, Inc. (NASDAQ: PTEN), Nabors Industries Ltd. (NYSE: NBR), and Precision Drilling Corp (NYSE: PDS) each advanced more than 20% in the month. Patterson-UTI actually led the group with a huge 31% gain. This was much more than just one company shifting into high gear.

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Source: Fool.com