Why These Energy Stocks Are Gaining This Week

8. Helmerich & Payne, Inc. (NYSE:HP)

Share Price Gains Between Feb. 14 – Feb. 24: 4.14%

Helmerich & Payne, Inc. (NYSE:HP), together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies.

Helmerich & Payne, Inc. (NYSE:HP) announced its Q1 2025 results earlier this month in which it reported an adjusted diluted earnings per share of $0.71, beating expectations by $0.04. Moreover, as part of its organic growth plan, the company completed the exportation of eight FlexRigs into Saudi Arabia, where they will be drilling in unconventional natural gas plays.

Helmerich & Payne, Inc. (NYSE:HP) also closed on its acquisition of KCA Deutag, significantly boosting its footprint in the Middle East. The $1.97 billion deal is expected to significantly expand the company’s rig count in key Middle East markets from 11 to 65, which could boost future earnings and cash flow.