Clarksons Platou Upgrades Helix Energy Solutions Group Inc to Buy

Brokerage firm Clarksons Platou Upgrades its rating on Helix Energy Solutions Group Inc(NYSE:HLX). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Clarksons Platou was issued on Jul 26, 2016.

Helix Energy Solutions Group Inc (HLX) made into the market gainers list on Fridays trading session with the shares advancing 3.66% or 0.28 points. Due to strong positive momentum, the stock ended at $7.94, which is also near the day’s high of $7.95. The stock began the session at $7.48 and the volume stood at 13,18,677 shares. The 52-week high of the shares is $9.07 and the 52 week low is $2.6. The company has a current market capitalization of $894 M and it has 11,26,39,372 shares in outstanding.

Helix Energy Solutions Group Inc(HLX) last announced its earnings results on Jul 19, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $107.27M. Analysts had an estimated revenue of $133.70M. Earnings per share were $-0.10. Analysts had estimated an EPS of $-0.08.

Several Insider Transactions has been reported to the SEC. On Jun 27, 2016, Jan A Rask (director) purchased 968 shares at $6.65 per share price.Also, On Sep 22, 2015, John Lovoi (director) sold 30,000 shares at $6.01 per share price.On May 22, 2015, Anthony Tripodo (Executive Vice President & CFO) sold 4,561 shares at $16.60 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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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