The stock of Helix Energy Solutions Group Inc (NYSE:HLX) is a huge mover today! About 783,050 shares traded hands. Helix Energy Solutions Group Inc (NYSE:HLX) has risen 44.26% since April 13, 2016 and is uptrending. It has outperformed by 40.34% the S&P500.
The move comes after 7 months positive chart setup for the $1.22B company. It was reported on Nov, 15 by Barchart.com. We have $13.14 PT which if reached, will make NYSE:HLX worth $402.60 million more.
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. The stock of Helix Energy Solutions Group Inc (NYSE:HLX) has “Market Perform” rating given on Monday, September 21 by Cowen & Co. As per Thursday, January 21, the company rating was upgraded by Stephens. Credit Suisse upgraded it to “Outperform” rating and $10 target price in Tuesday, April 12 report. The firm has “Market Perform” rating by Cowen & Co given on Tuesday, December 29. As per Thursday, October 6, the company rating was initiated by DA Davidson. The firm has “Outperform” rating by Iberia Capital Partners given on Wednesday, February 24. The firm earned “Sell” rating on Friday, October 23 by TheStreet. Clarksons Platou upgraded the shares of HLX in a report on Tuesday, July 26 to “Buy” rating. Morgan Stanley maintained the shares of HLX in a report on Tuesday, April 19 with “Overweight” rating. The rating was upgraded by Morgan Stanley on Thursday, March 17 to “Overweight”.
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 Seekingalpha.com which published an article titled: “Helix Energy Solutions Group Inc.’s (HLX) CEO Owen Kratz on Q3 2016 Results …” on October 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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