Helmerich & Payne rises on $1.97 bln deal for KCA Deutag, profit beat
** Shares of oilfield services firm Helmerich & Payne HP.N up 9.5% at $41.32
** Co to buy Britain's KCA Deutag International for $1.97 billion in cash
** Deal will make co one of the biggest rig providers in the Middle East
** HP says it will increase its Middle East rig count to 88 from 12 rigs
** Co posts Q3 adj. profit of 92 cents/shr vs est. of 77 cents/shr - LSEG data
** RBC Capital Markets analysts view the deal positively, but add the deal might also lower near-term shareholder returns due to rise in debt levels
** Including session's gains, stock is up ~14% YTD
Reporting by Sourasis Bose in Bengaluru
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