Helix Energy Solutions Group (NYSE:HLX) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 6 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Morgan Stanley maintains their rating on the shares of Helix Energy Solutions Group (NYSE:HLX). The current rating of the shares is Overweight. Equity Analysts at the Firm raises the price target to $14.5 per share from $11 per share. The rating by the firm was issued on April 19, 2016.
Helix Energy Solutions Group (NYSE:HLX): 6 Analyst have given the stock of Helix Energy Solutions Group (NYSE:HLX) a near short term price target of $9.83. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $3.88. The higher price target estimate is at $16 while the lower price estimates are fixed at $5.
Helix Energy Solutions Group (NYSE:HLX) witnessed a decline in the market cap on Tuesday as its shares dropped 4.07% or 0.3 points. After the session commenced at $7.4, the stock reached the higher end at $7.42 while it hit a low of $7.005. With the volume soaring to 1,576,819 shares, the last trade was called at $7.08. The company has a 52-week high of $14.055. The company has a market cap of $761 million and there are 107,530,947 shares in outstanding. The 52-week low of the share price is $2.6.
Helix Energy Solutions Group, Inc. has lost 5.09% in the last five trading days and dropped 6.47% in the last 4 weeks. Helix Energy Solutions Group, Inc. is up 25.09% in the last 3-month period. Year-to-Date the stock performance stands at 34.6%.
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.