NYSE:HPEnergy Services
A Look At Helmerich & Payne’s Valuation As Caspian Contract Renewal Extends Offshore Revenue Visibility
Contract renewal in the Caspian Sea puts Helmerich & Payne in focus
Turan Drilling and Engineering, a joint venture involving Helmerich & Payne (HP) and bp, has secured a 5 year offshore operations and maintenance contract renewal covering 8 platforms in the Caspian Sea.
See our latest analysis for Helmerich & Payne.
HP's recent 5 year Caspian contract renewal comes alongside a 90 day share price return of 23.98% and a 1 year total shareholder return of 37.05%. This suggests momentum has been...