Helmerich & Payne Hits 52-Week Low: Should You Still Hold HP Stock?

Shares of oil and gas drilling contractor Helmerich & Payne (HP) slipped to a 52-week low of $31.98 per share on Aug. 30, before closing a tad higher at$32.60. Year to date, Helmerich & Payne has lost almost 10% of its value, contrasting with the sector's increase of 4.9%. Meanwhile, the S&P 500 Index has risen 18.4% over the same timeframe. The company has also fared worse than its peers like Nabors Industries (NBR) and Diamond Offshore Drilling (DO) . YTD Price Comparison Image Source: Zacks Investment R ...