The stock of Helix Energy Solutions Group Inc (NYSE:HLX) is a huge mover today! The stock increased 4.18% or $0.41 on November 23, hitting $10.23. About 1.26 million shares traded hands. Helix Energy Solutions Group Inc (NYSE:HLX) has risen 22.08% since April 22, 2016 and is uptrending. It has outperformed by 16.67% the S&P500.
The move comes after 6 months positive chart setup for the $1.22B company. It was reported on Nov, 24 by Barchart.com. We have $11.15 PT which if reached, will make NYSE:HLX worth $109.80 million more.
Analysts await Helix Energy Solutions Group Inc (NYSE:HLX) to report earnings on February, 27. They expect $-0.01 earnings per share, up 83.33% or $0.05 from last year’s $-0.06 per share. After $0.10 actual earnings per share reported by Helix Energy Solutions Group Inc for the previous quarter, Wall Street now forecasts -110.00% negative EPS growth.
Helix Energy Solutions Group Inc (NYSE:HLX) Ratings Coverage
Out of 8 analysts covering Helix Energy Solutions (NYSE:HLX), 6 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 75% are positive. Helix Energy Solutions has been the topic of 18 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, October 6 by DA Davidson. The company was maintained on Tuesday, December 29 by Cowen & Co. The rating was upgraded by Stephens to “Overweight” on Thursday, January 21. The firm earned “Buy” rating on Tuesday, July 26 by Clarksons Platou. The firm has “Sell” rating by TheStreet given on Friday, October 23. The rating was initiated by Cowen & Co on Monday, September 21 with “Market Perform”. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, April 19. Iberia Capital Partners maintained Helix Energy Solutions Group Inc (NYSE:HLX) on Wednesday, February 24 with “Outperform” rating. Morgan Stanley upgraded it to “Overweight” rating and $10 target price in Thursday, March 17 report. The firm earned “Outperform” rating on Tuesday, April 12 by Credit Suisse.
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.”
Another recent and important Helix Energy Solutions Group Inc (NYSE:HLX) news was published by Seekingalpha.com which published an article titled: “Helix Energy Solutions Group Inc.’s (HLX) CEO Owen Kratz on Q3 2016 Results …” on October 21, 2016.
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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