Price Action Report: Could Helix Energy Solutions Group Inc Change Direction After Today’s Big Increase?

Price Action Report: Could Helix Energy Solutions Group Inc Change Direction After Today's Big Increase?

The stock of Helix Energy Solutions Group Inc (NYSE:HLX) is a huge mover today! The stock increased 5.78% or $0.47 on October 3, hitting $8.6. About 2.79 million shares traded hands or 77.71% up from the average. Helix Energy Solutions Group Inc (NYSE:HLX) has risen 108.46% since February 29, 2016 and is uptrending. It has outperformed by 96.25% the S&P500.
The move comes after 6 months positive chart setup for the $990.63M company. It was reported on Oct, 4 by Barchart.com. We have $14.36 PT which if reached, will make NYSE:HLX worth $663.72 million more.

Analysts await Helix Energy Solutions Group Inc (NYSE:HLX) to report earnings on October, 17. They expect $0.03 EPS, down 66.67% or $0.06 from last year’s $0.09 per share. HLX’s profit will be $3.46M for 71.67 P/E if the $0.03 EPS becomes a reality. After $-0.10 actual EPS reported by Helix Energy Solutions Group Inc for the previous quarter, Wall Street now forecasts -130.00% EPS growth.

Helix Energy Solutions Group Inc (NYSE:HLX) Ratings Coverage

Out of 7 analysts covering Helix Energy Solutions (NYSE:HLX), 5 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 71% are positive. Helix Energy Solutions has been the topic of 17 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Helix Energy Solutions Group Inc (NYSE:HLX) has “Market Perform” rating given on Monday, September 21 by Cowen & Co. The firm has “Overweight” rating by Stephens given on Thursday, January 21. The stock has “Sell” rating given by TheStreet on Friday, October 23. The company was upgraded on Thursday, March 17 by Morgan Stanley. On Tuesday, December 29 the stock rating was maintained by Cowen & Co with “Market Perform”. The firm has “Buy” rating given on Tuesday, July 26 by Clarksons Platou. The stock of Helix Energy Solutions Group Inc (NYSE:HLX) has “Outperform” rating given on Tuesday, April 12 by Credit Suisse. The rating was maintained by Iberia Capital Partners with “Outperform” on Wednesday, February 24. The stock of Helix Energy Solutions Group Inc (NYSE:HLX) earned “Overweight” rating by Morgan Stanley on Tuesday, April 19.

According to Zacks Investment Research, “Helix Energy Solutions Group Inc., is a leading marine contractor and operator of offshore oil and gas properties and production facilities. The company seeks to align the interests of the producer and the contractor by investing in mature offshore oil and gas properties, hub production facilities and proven undeveloped reserve plays where Helix Energy Solutions Group adds value by deploying vessels from its diverse contracting fleet. This unique integration of marine contracting and oil and gas operations is designed to add stability to revenues and earnings in an industry as cyclical as energy.”

More news for Helix Energy Solutions Group Inc (NYSE:HLX) were recently published by: Fool.com, which released: “Why Earnings Fueled a 34% Surge in Helix Energy Solutions Group Inc’s Stock Today” on October 20, 2015. Thestreet.com‘s article titled: “Helix Energy Solutions Group (HLX) Is Today’s Strong On High Volume Stock” and published on April 20, 2016 is yet another important article.

HLX Company Profile

Helix Energy Solutions Group, Inc., incorporated on November 17, 1983, is an international offshore energy services company. The Firm provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Firm operates in three divisions: Well Intervention, Robotics and Production Facilities. The Well Intervention segment includes the Company’s vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. The Company’s Robotics segment includes remotely operated vehicles (ROVs), trenchers and ROVDrills designed to complement offshore construction and well intervention services, and operates over four chartered ROV support vessels. The Company’s Production Facilities segment includes the Helix Producer I (the HP I), a floating production vessel, the Helix Fast Response System (the HFRS), and its ownership interest in Independence Hub, LLC (Independence Hub). The Firm provides services primarily in deepwater in the United States Gulf of Mexico, North Sea, Asia Pacific and West Africa regions, and offshore Brazil.

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