Helmerich & Payne (HP) Is Up 7.3% After Securing $1 Billion BP Caspian Contract Renewal

Simply Wall St.02-23

Helmerich & Payne’s joint venture Turan Drilling and Engineering recently secured a long-term offshore operations and maintenance contract renewal from BP in the Caspian Sea, covering eight platforms ...

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ADRhedged","BK4092":"石油与天然气钻井","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC"},"translate_title":"Helmerich&Payne(HP)在获得价值10亿美元的BP里海合同续签后股价上涨7.3%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HP":1.5,"BP":1.5,"BPH":0.6},"content_text":"Helmerich & Payne’s joint venture Turan Drilling and Engineering recently secured a long-term offshore operations and maintenance contract renewal from BP in the Caspian Sea, covering eight platforms over a firm five-year term with three optional one-year extensions and a potential value above US$1.00 billion. This renewal highlights the company’s growing international service footprint and reinforces the importance of offshore partnerships in complementing its largely onshore-focused drilling business. We’ll now look at how this multi-year BP renewal in the Caspian Sea could reshape Helmerich & Payne’s broader investment narrative. Uncover the next big thing with 32 elite penny stocks that balance risk and reward.AdvertisementHelmerich & Payne Investment Narrative RecapTo own Helmerich & Payne, you need to believe its high spec drilling technology and expanding international footprint can translate into sustainable contracts and improved profitability despite sector volatility and North America concentration risk. The new BP-backed Turan renewal adds visibility to offshore service revenue but does not fundamentally change the near term focus on stabilizing earnings after recent net losses and managing capital intensity in a still competitive rig market. Among recent developments, the Q1 2026 results stand out alongside this BP contract. Revenue grew to about US$1,017.0 million for the quarter, yet Helmerich & Payne posted a net loss of roughly US$96.7 million. Seen together with a potential US$1.0 billion plus, multi year BP renewal, the key question is whether incremental international work can meaningfully support a return to consistent profitability while funding rig upgrades and maintaining dividends. Yet behind this contract win, one issue investors should be aware of is the risk that rising capital needs and offshore commitments could... Read the full narrative on Helmerich & Payne (it's free!)Helmerich & Payne's narrative projects $3.9 billion revenue and $276.0 million earnings by 2028.Uncover how Helmerich & Payne's forecasts yield a $30.27 fair value, a 15% downside to its current price.Exploring Other PerspectivesHP 1-Year Stock Price Chart While this BP renewal leans into the consensus view that international growth can support margins, the most pessimistic analysts were already assuming only about 1.6 percent annual revenue growth and earnings of roughly US$232.0 million by 2028, highlighting how differently you might weigh long term energy transition and regulatory risks.Explore 6 other fair value estimates on Helmerich & Payne - why the stock might be worth 34% less than the current price!Form Your Own VerdictDisagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.A great starting point for your Helmerich & Payne research is our analysis highlighting 3 key rewards and 3 important warning signs that could impact your investment decision.Our free Helmerich & Payne research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Helmerich & Payne's overall financial health at a glance.Seeking Other Investments?These stocks are moving-our analysis flagged them today. Act fast before the price catches up:Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 30 best rare earth metal stocks of the very few that mine this essential strategic resource.The future of work is here. Discover the 32 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation.We've uncovered the 15 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Helmerich &amp; Payne might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. 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