Benzinga | Oct 13, 2020 02:27PM EDT

Why Helmerich & Payne's Stock Is Trading Lower Today

Helmerich & Payne (NYSE:HP) shares are trading lower on Tuesday after Bank of America downgraded the stock from Buy to Neutral.

Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. tight oil and gas basin and also has a small presence internationally.

Helmerich & Payne shares traded down 1.79% to $14.78 on Tuesday. The stock has a 52-week high of $47.32 and a 52-week low of $12.40.