Energy Magazine September 2015 | Page 28

HELMERICH & PAYNE ( HP )
TOP 10

04

HELMERICH & PAYNE ( HP )

Open price : $ 68
As the largest land driller in the U . S ., Helmerich & Payne provides rigs to producers within the oil and gas sector . And although the company ’ s stocks have witnessed a 30 percent decline over the past six months , CEO John Lindsay was quick to point out the obvious : a “ rapidly deteriorating energy market .” While this is certainly no secret — Helmerich & Payne even expects drilling activity and rates for its rigs to continue to decline — as anyone who has been monitoring the market can attest , Helmerich & Payne know how to navigate the turmoil : The firm used the last downturn in oil prices to bolster market share from 9 percent in October 2008 to 16 percent by the end of 2014 .