The stock of Helix Energy Solutions Group Inc (NYSE:HLX) is a huge mover today! About 1.57M shares traded hands. Helix Energy Solutions Group Inc (NYSE:HLX) has risen 6.27% since April 27, 2016 and is uptrending. It has outperformed by 1.04% the S&P500.
The move comes after 9 months positive chart setup for the $1.23 billion company. It was reported on Nov, 30 by Barchart.com. We have $10.91 PT which if reached, will make NYSE:HLX worth $36.90 million more.
Analysts await Helix Energy Solutions Group Inc (NYSE:HLX) to report earnings on February, 27. They expect $-0.01 EPS, up 83.33% or $0.05 from last year’s $-0.06 per share. After $0.10 actual EPS 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. Iberia Capital Partners maintained it with “Outperform” rating and $10 target price in Wednesday, February 24 report. The firm has “Buy” rating given on Tuesday, July 26 by Clarksons Platou. The rating was maintained by Cowen & Co with “Market Perform” on Tuesday, December 29. The firm earned “Sell” rating on Friday, October 23 by TheStreet. Credit Suisse upgraded Helix Energy Solutions Group Inc (NYSE:HLX) rating on Tuesday, April 12. Credit Suisse has “Outperform” rating and $10 price target. Morgan Stanley maintained Helix Energy Solutions Group Inc (NYSE:HLX) rating on Tuesday, April 19. Morgan Stanley has “Overweight” rating and $14.50 price target. The rating was initiated by DA Davidson with “Buy” on Thursday, October 6. The company was initiated on Monday, September 21 by Cowen & Co. The rating was upgraded by Morgan Stanley on Thursday, March 17 to “Overweight”. The rating was upgraded by Stephens on Thursday, January 21 to “Overweight”.
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: Seekingalpha.com, which released: “Helix Energy Solutions Group Inc.’s (HLX) CEO Owen Kratz on Q3 2016 Results …” on October 21, 2016. Fool.com‘s article titled: “Why Earnings Fueled a 34% Surge in Helix Energy Solutions Group Inc’s Stock Today” and published on October 20, 2015 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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