Analyst Rating Update on Helix Energy Solutions Group (HLX)

Helix Energy Solutions Group (NYSE:HLX) : 6 analysts are covering Helix Energy Solutions Group (NYSE:HLX) and their average rating on the stock is 2, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Helix Energy Solutions Group (NYSE:HLX) : 6 investment research analysts covering Helix Energy Solutions Group (NYSE:HLX) have an average price target of $10.02 for the near short term. The highest target price given by the Brokerage Firm to the stock is $16 and the lowest target is $5 for the short term. Analysts expect the variance to be within $3.8 of the average price.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Morgan Stanley maintains its rating on Helix Energy Solutions Group (NYSE:HLX). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Morgan Stanley raises the price target from $11 per share to $14.5 per share. The rating by the firm was issued on April 19, 2016.

Helix Energy Solutions Group (NYSE:HLX): stock turned positive on Tuesday. Though the stock opened at $6.42, the bulls momentum made the stock top out at $6.51 level for the day. The stock recorded a low of $6.28 and closed the trading day at $6.4, in the green by 6.14%. The total traded volume for the day was 1,389,698. The stock had closed at $6.03 in the previous days trading.

In an insider trading activity, Lovoi John, director of Helix Energy Solutions Group Inc, unloaded 30,000 shares at an average price of $6.01 on September 21, 2015. The total amount of the transaction was worth $180,300, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Helix Energy Solutions Group, Inc. is an international offshore energy services company. The Company operates in four business segments: Well Intervention, Robotics, Production Facilities and Subsea Construction. Well Intervention segment includes its vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. Its well intervention vessels include the Q4000, the Helix 534, the Seawell, the Well Enhancer and the Skandi Constructor, which is a chartered vessel. The Robotics segment operates four chartered vessels, and also includes ROVs, trenchers and ROVDrills designed to offshore subsea construction and well intervention services. The Companys Production Facilities segment, which include the Helix Producer I (HP I), which is a floating production vessel. Its subsea construction operations included the use of umbilical lay and pipelay vessels and ROVs to develop fields in the deepwater.

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