Analyst Rating Update 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. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 1.67, which indicates as a Buy.

Helix Energy Solutions Group (HLX) : The consensus price target for Helix Energy Solutions Group (HLX) is $10.6 for the short term with a standard deviation of $3.13. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $16, however, the pessimist price target for the company is $8.

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


Helix Energy Solutions Group (NYSE:HLX): The stock was completely flat for the day, closing at $7.94 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $7.73, the stock touched an intraday high of $8.02 and a low of $7.69. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $7.94. The total trading volume on Wednesday was 1,075,635.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *