Here is Why Helmerich & Payne (HP) Fell This Week

The share price of Helmerich & Payne, Inc. (NYSE:HP) fell by 4.18% between June 10 and June 17, 2025, putting it among the Energy Stocks that Lost the Most This Week.

An offshore drilling rig in the Gulf of Mexico surrounded by a sea of blue.

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) fell last week after disclosing that it has received notices of contract suspensions for an additional nine rigs in Saudi Arabia, bringing its total paused rigs in the country to 26. The rigs were part of a legacy KCA Deutag fleet that the oilfield services company acquired when it bought the competitor in a nearly $2 billion deal in January.

However, despite the setback, Helmerich & Payne, Inc. (NYSE:HP) remains optimistic. The company’s chief executive, John Lindsay, stated:

“Although the unexpected softening in the KCA Deutag acquisition’s Saudi operations has presented short-term financial challenges, H&P continues to maintain its strong financial foundation. Even with the slowdown in the Saudi market, we are beginning to capture synergies from this transaction and remain confident that our significant drilling presence in the world’s most productive oil and gas region enhances the company’s long-term position in the global market. Additionally, our North America solutions operations and other markets are performing in-line with the guidance shared during our May earnings call.”

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Disclosure: None.