Helmerich & Payne (HP -3.7%) is the biggest loser in the S&P 500 after the contract...

|About: Helmerich & Payne Inc. (HP)|By:, SA News Editor

Helmerich & Payne (HP -3.7%) is the biggest loser in the S&P 500 after the contract driller says its operational outlook for Q2 is unchanged and its active rig count remains flat in a presentation for Howard Weil's energy conference. Pricing currently remains strong yet is also "under downward pressure" as competitors are aggressively pricing rigs to recapture market share.