Helix Energy Solutions Group Inc. (HLX) Sees Large Volume Increase
Shares of Helix Energy Solutions Group Inc. (NYSE:HLX) saw unusually-high trading volume on Friday . Approximately 1,302,083 shares traded hands during mid-day trading, a decline of 5% from the previous session’s volume of 1,366,012 shares.The stock last traded at $7.57 and had previously closed at $7.50.
HLX has been the subject of a number of recent research reports. Clarkson Capital upgraded Helix Energy Solutions Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 26th. Simmons set a $10.00 price target on Helix Energy Solutions Group and gave the stock a “buy” rating in a research note on Thursday, July 21st. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $10.00 price target on shares of Helix Energy Solutions Group in a research note on Wednesday, July 20th. Stephens cut Helix Energy Solutions Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $9.00 to $8.00 in a research note on Friday, June 3rd. Finally, Iberia Capital raised Helix Energy Solutions Group to an “outperform” rating in a research note on Friday, August 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Helix Energy Solutions Group currently has an average rating of “Hold” and a consensus target price of $9.11.
The stock’s 50-day moving average is $7.79 and its 200-day moving average is $6.77. The firm’s market cap is $847.05 million.
Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Tuesday, July 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10). During the same period in the previous year, the firm posted ($0.03) EPS. Equities analysts anticipate that Helix Energy Solutions Group Inc. will post ($0.36) EPS for the current fiscal year.
Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.
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