• Return to Headlines

Helmerich & Payn is Among the Companies in the Oil & Gas Drilling Industry With the Lowest Beta (HP, ICD, DO, NBR, RIG)

By David Diaz

Below are the three companies in the Oil & Gas Drilling industry with the lowest betas. Lower-beta stocks mean minimal volatility and are therefore generally considered to be a less risk and offer more stable returns.

Helmerich & Payn ranks lowest with a a beta of 0.7. Following is Independence Con with a a beta of 1.0. Diamond Offshore ranks third lowest with a a beta of 1.1.

Nabors Inds Ltd follows with a a beta of 1.1, and Transocean Ltd rounds out the bottom five with a a beta of 1.2.

SmarTrend recommended that its subscribers protect gains by selling shares of Transocean Ltd on January 17th, 2020 by issuing a Downtrend alert when the shares were trading at $6.08. Since that call, shares of Transocean Ltd have fallen 25.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest beta helmerich & payn independence con diamond offshore nabors inds ltd transocean ltd

Ticker(s): HP ICD DO NBR RIG