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Why Is Drilling Rig Operator Helmerich & Payne Stock Seeing Blue Skies Today?

Helmerich & Payne (HP) impresses with Q1 FY24 results, reporting revenue of $677.1M, surpassing estimates, and boosting stock value by 14.42%. The company's global footprint expands as it secures contracts for nine rigs in the Middle East, anticipating a significant rise in the international active rig count.

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