The stock of Helix Energy Solutions Group Inc (NYSE:HLX) hit a new 52-week high and has $14.24 target or 56.00% above today’s $9.13 share price. The 8 months bullish chart indicates low risk for the $1.10B company. The 1-year high was reported on Oct, 6 by Barchart.com. If the $14.24 price target is reached, the company will be worth $616.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 240,444 shares traded hands. Helix Energy Solutions Group Inc (NYSE:HLX) has risen 87.50% since March 3, 2016 and is uptrending. It has outperformed by 79.16% the S&P500.
Analysts await Helix Energy Solutions Group Inc (NYSE:HLX) to report earnings on October, 17. They expect $0.03 earnings per share, down 66.67% or $0.06 from last year’s $0.09 per share. HLX’s profit will be $3.61 million for 76.08 P/E if the $0.03 EPS becomes a reality. After $-0.10 actual earnings per share 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. $14.50 is the highest target while $4.5 is the lowest. The $9.29 average target is 1.75% above today’s ($9.13) stock price. Helix Energy Solutions has been the topic of 17 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, April 19. The stock has “Sell” rating given by TheStreet on Friday, October 23. On Tuesday, July 26 the stock rating was upgraded by Clarksons Platou to “Buy”. The firm has “Outperform” rating by Iberia Capital Partners given on Wednesday, February 24. The stock has “Market Perform” rating given by Cowen & Co on Monday, September 21. Cowen & Co maintained the stock with “Market Perform” rating in Tuesday, December 29 report. The stock of Helix Energy Solutions Group Inc (NYSE:HLX) earned “Outperform” rating by Credit Suisse on Tuesday, April 12. The firm has “Overweight” rating by Morgan Stanley given on Thursday, March 17. The rating was upgraded by Stephens to “Overweight” on Thursday, January 21.
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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