Monday Question: What happened to Helmerich & Payne (HP)?




At the beginning of the year, I selected HP to be one of my best 2014 dividend stocks. Not long afterwards, I added HP to my portfolio. The company shows great metrics and meets all my minimum requirements in terms of revenue, EPS and dividend growth over the past 3 and 5 years.


This year’s quarterly results continue to show strong growth and the future of the company looks bright. While the past two quarters were slightly under analysts’ expectations, Q2 was a record period for the company.


However, the stock is on a major downtrend for the past two months. It seems HP isn’t in investors good grace anymore but I can’t really see why.





So here’s my question; why do you think HP is down lately? Is it a great buying opportunity or am I missing something?


I’m looking forward to reading your answers!



disclaimer: I hold HP in my portfolio and it is also part of some of our DividendStocksRock portfolios

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