Piper Jaffray Has Just Reaffirmed $7.25 Target Price Per Share on Helix Energy (NYSE:HLX) stock, While They’ve Also Reiterated Their Hold Rating

April 17, 2018 - By Stephen Andrade

Helix Energy Solutions Group, Inc. (NYSE:HLX) Logo

Helix Energy (NYSE:HLX) Rating Reaffirmed

In an analyst note revealed this morning, Piper Jaffray restate their Hold rating on Helix Energy (NYSE:HLX) shares. The PT gives a possible upside of 16.19 % from firm’s current price.

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

Among 4 analysts covering Helix Energy (NYSE:HLX), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Helix Energy has $11 highest and $7.25 lowest target. $8.69’s average target is 39.26% above currents $6.24 stock price. Helix Energy had 5 analyst reports since December 22, 2017 according to SRatingsIntel. The company was maintained on Friday, December 22 by Piper Jaffray. Cowen & Co maintained the stock with “Buy” rating in Thursday, January 11 report. Credit Suisse maintained the shares of HLX in report on Wednesday, February 21 with “Outperform” rating. The firm has “Sell” rating by Bank of America given on Tuesday, January 16. The stock has “Outperform” rating by Cowen & Co on Thursday, February 22.

The stock decreased 0.48% or $0.03 during the last trading session, reaching $6.24. About 763,986 shares traded. Helix Energy Solutions Group, Inc. (NYSE:HLX) has declined 16.14% since April 17, 2017 and is downtrending. It has underperformed by 27.69% the S&P500.

Analysts await Helix Energy Solutions Group, Inc. (NYSE:HLX) to report earnings on April, 23. They expect $-0.06 EPS, up 45.45 % or $0.05 from last year’s $-0.11 per share. After $-0.01 actual EPS reported by Helix Energy Solutions Group, Inc. for the previous quarter, Wall Street now forecasts 500.00 % negative EPS growth.

Helix Energy Solutions Group, Inc., together with its subsidiaries, provides specialty services to the offshore energy industry primarily in the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company has market cap of $924.02 million. It operates through three divisions: Well Intervention, Robotics, and Production Facilities. It has a 31.2 P/E ratio. The firm engineers, manages, and conducts well construction, intervention, and abandonment activities in water depths ranging from 200 to 10,000 feet; and operates remotely operated vehicles , trenchers, and ROVDrills for offshore construction, maintenance, and well intervention services.

Helix Energy Solutions Group, Inc. (NYSE:HLX) Institutional Positions Chart

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