Why These Energy Stocks are Gaining This Week

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

Share Price Gains Between Sep 25 – Oct 2: 4.52%

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) shot up recently after Barclays upgraded the stock from ‘Equal Weight’ to ‘Overweight’ while increasing its price target from $17 to $25. The analyst believes that the worst is over for the contract drilling company, indicating a potential recovery and a more stable future outlook following a challenging year so far.

Helmerich & Payne, Inc. (NYSE:HP) also announced some leadership restructuring this week, with Raymond John Adams III promoted to President, leading all the company’s revenue-generating business units.