Shares of Helmerich & Payne (HP) - Get Helmerich & Payne, Inc. (HP) Report are down less than 1% Friday, despite catching an upgrade to buy from neutral by the analysts at Bank of America/Merrill Lynch. 

This company is "fantastic," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment. 

The rigs that HP produces are very high quality and are seeing "tremendous demand" from oil companies, Cramer reasoned. As a result, he "loves" the call by the analyst. 

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While the company may be doing well, the stock hasn't told a similar story. The stock is down about 12% on the year, but still up about 33% over the past 12 months. 

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At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.