Why These Energy Stocks are Losing This Week

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

Share Price Decline Between June 18 – June 25: 10.93%

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) suffered a setback after analysts at Barclays recently lowered the stock’s price target from $20 to $17, while maintaining an ‘Equal Weight’ rating on its shares. The analysts highlighted the underperformance of North America’s onshore energy services, stating that the trend could continue until rig count declines cease and expectations for the second half of 2025 are reset downward.

Barclays has lowered its estimates across its coverage, but the firm believes that the ‘worst-case scenario’ of crude oil below $55 per barrel ‘is now behind us’, and that there may be a more stable environment ahead for the energy industry.