Helix Energy Solutions Group (HLX) Shares are Up 12.6%

Helix Energy Solutions Group (HLX) : Traders are bullish on Helix Energy Solutions Group (HLX) as it has outperformed the S&P 500 by a wide margin of 8.7% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12.42%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 12.6% in the last 1 week, and is up 8.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 11.5% and the 50-Day Moving Average is 6.16%.The 200 Day SMA reached 29.16%


Helix Energy Solutions Group (NYSE:HLX): After opening at $8.07, the stock dipped to an intraday low of $7.83 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.3 and the buying power remained strong till the end. The stock closed at $8.13 for the day, a gain of 2.26% for the day session. The total traded volume was 1,890,499. The stocks close on the previous trading day was $8.13.

Helix Energy Solutions Group (HLX) : Currently there are 5 street experts covering Helix Energy Solutions Group (HLX) stock. The most bullish and bearish price target for the stock is $16 and $8 respectively for the short term. The average price target of all the analysts comes to $10.4. The estimated standard deviation from the target is $3.21.

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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