The stock of Helix Energy Solutions Group Inc (NYSE:HLX) hit a new 52-week high and has $14.91 target or 52.00% above today’s $9.81 share price. The 9 months bullish chart indicates low risk for the $1.12 billion company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $14.91 price target is reached, the company will be worth $582.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.77 million shares traded hands or 1.14% up from the average. Helix Energy Solutions Group Inc (NYSE:HLX) has risen 107.17% since March 16, 2016 and is uptrending. It has outperformed by 101.63% the S&P500.
Helix Energy Solutions Group Inc (NYSE:HLX) Ratings Coverage
Out of 8 analysts covering Helix Energy Solutions (NYSE:HLX), 6 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 75% are positive. Helix Energy Solutions has been the topic of 18 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Credit Suisse upgraded the shares of HLX in a report on Tuesday, April 12 to “Outperform” rating. The stock of Helix Energy Solutions Group Inc (NYSE:HLX) has “Overweight” rating given on Thursday, March 17 by Morgan Stanley. The stock of Helix Energy Solutions Group Inc (NYSE:HLX) has “Outperform” rating given on Wednesday, February 24 by Iberia Capital Partners. As per Friday, October 23, the company rating was downgraded by TheStreet. As per Thursday, January 21, the company rating was upgraded by Stephens. The rating was maintained by Cowen & Co with “Market Perform” on Tuesday, December 29. The firm has “Market Perform” rating by Cowen & Co given on Monday, September 21. The rating was upgraded by Clarksons Platou on Tuesday, July 26 to “Buy”. The rating was initiated by DA Davidson with “Buy” on Thursday, October 6. The stock has “Overweight” rating given by Morgan Stanley on Tuesday, April 19.
According to Zacks Investment Research, “Helix Energy Solutions Group Inc., is a leading marine contractor and operator of offshore oil and gas properties and production facilities. The company seeks to align the interests of the producer and the contractor by investing in mature offshore oil and gas properties, hub production facilities and proven undeveloped reserve plays where Helix Energy Solutions Group adds value by deploying vessels from its diverse contracting fleet. This unique integration of marine contracting and oil and gas operations is designed to add stability to revenues and earnings in an industry as cyclical as energy.”
Another recent and important Helix Energy Solutions Group Inc (NYSE:HLX) news was published by Thestreet.com which published an article titled: “Helix Energy Solutions Group (HLX) Is Today’s Strong On High Volume Stock” on July 21, 2016.
HLX Company Profile
Helix Energy Solutions Group, Inc., incorporated on November 17, 1983, is an international offshore energy services company. The Firm provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Firm operates in three divisions: Well Intervention, Robotics and Production Facilities. The Well Intervention segment includes the Company’s vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. The Company’s Robotics segment includes remotely operated vehicles (ROVs), trenchers and ROVDrills designed to complement offshore construction and well intervention services, and operates over four chartered ROV support vessels. The Company’s Production Facilities segment includes the Helix Producer I (the HP I), a floating production vessel, the Helix Fast Response System (the HFRS), and its ownership interest in Independence Hub, LLC (Independence Hub). The Firm provides services primarily in deepwater in the United States Gulf of Mexico, North Sea, Asia Pacific and West Africa regions, and offshore Brazil.
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