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Helmerich & Payne ( (HP) ) has provided an announcement.
On January 16, 2025, Helmerich & Payne completed the acquisition of KCA Deutag International Limited for approximately $897 million, marking a strategic expansion in the company’s global operations, particularly enhancing its presence in the Middle East. This acquisition aims to bolster H&P’s growth strategy, diversify its operational capabilities across global markets, and strengthen its financial standing by creating a more robust revenue stream.
More about Helmerich & Payne
Helmerich & Payne, Inc., founded in 1920, is a leader in the drilling industry, known for delivering high-performance drilling rigs and advanced technologies like automation and directional drilling. The company operates globally, focusing on both conventional and unconventional energy plays, and is committed to safety, integrity, and innovation in providing energy solutions.
YTD Price Performance: 10.75%
Average Trading Volume: 1,345,753
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.5B
For a thorough assessment of HP stock, go to TipRanks’ Stock Analysis page.
