Short Term Rating on Helix Energy Solutions Group (HLX)

Helix Energy Solutions Group (HLX) : Zacks Investment Research ranks Helix Energy Solutions Group (HLX) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 2, which indicates as a Buy.

Helix Energy Solutions Group (HLX) : The consensus price target for Helix Energy Solutions Group (HLX) is $10.02 for the short term with a standard deviation of $3.8. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $16, however, the pessimist price target for the company is $5.

Company shares have received an average consensus rating of Hold for the current week


Helix Energy Solutions Group (NYSE:HLX): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.49 and $7.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.92, notching a gain of 8.64% for the day. The total traded volume was 1,852,781 . The stock had closed at $7.29 on the previous day.

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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