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

By Amy Schwartz

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. Independence Con is next 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 is monitoring the recent change of momentum in Nabors Inds Ltd. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nabors Inds Ltd in search of a potential trend change.

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

Ticker(s): HP ICD DO NBR RIG