12 Stocks That Are About to Explode

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

Number of Hedge Fund Holders: 30

Analysts’ Upside Potential as of March 27: 29.2%

Helmerich & Payne, Inc. (NYSE:HP) is a provider of drilling solutions and rig services primarily to the oil and gas industry, specializing in contract drilling of wells for exploration and production companies. The company operates through multiple segments, notably US Land Operations, Offshore Operations, and International Land Operations, with its core business centered around advanced drilling rigs known as FlexRigs. These technologically sophisticated rigs are designed for efficiency, safety, and precision in unconventional and conventional drilling environments. HP is one of the stocks on our list that are about to explode.

Helmerich & Payne, Inc. (NYSE:HP) continued to execute at a high level during Q1 2025, with their North America Solutions segment maintaining industry-leading operational and financial results. The company made significant progress on its international growth strategy through two key initiatives: completing the exportation of 8 FlexRigs into Saudi Arabia for unconventional natural gas drilling and closing the KCA Deutag acquisition, which positions H&P as a global leader in providing onshore drilling solutions.

In North America, HP maintains a dominant market position with over 35% market share in the super-spec FlexRig fleet and a particularly strong presence in the Permian Basin with around 100 rigs operating. The company’s customer-centric approach and performance contracts have enabled it to maintain healthy margins and increase market share despite industry rig count declines in 2024. The KCA Deutag acquisition brings a solid backlog of approximately $5.5 billion supported by blue-chip customers, though there are some near-term headwinds, including rig suspensions in Saudi Arabia.

Looking ahead to 2025, while North America Solutions’ margins are expected to remain healthy with some modest decline, Helmerich & Payne, Inc. (NYSE:HP) anticipates growth opportunities in multiple markets globally and maintains a strong focus on debt reduction while preserving their investment-grade credit rating. The company remains committed to prudent capital allocation, maintaining a strong financial position, and balancing significant free cash flow between growth CapEx opportunities and shareholder returns.