Helix Energy Solutions Group Inc. (HLX) Sees Strong Trading Volume
Shares of Helix Energy Solutions Group Inc. (NYSE:HLX) saw strong trading volume on Friday . 1,302,083 shares were traded 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.
Several analysts recently weighed in on the stock. Iberia Capital raised shares of Helix Energy Solutions Group to an “outperform” rating in a research note on Friday, August 19th. Clarkson Capital raised shares of Helix Energy Solutions Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 26th. Simmons set a $10.00 price objective on shares of Helix Energy Solutions Group and gave the stock a “buy” rating in a research note on Thursday, July 21st. Credit Suisse Group AG reissued a “buy” rating and issued a $10.00 price objective on shares of Helix Energy Solutions Group in a research note on Wednesday, July 20th. Finally, Stephens cut shares of Helix Energy Solutions Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $9.00 to $8.00 in a research note on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Helix Energy Solutions Group has an average rating of “Hold” and a consensus price target of $9.11.
The company’s market cap is $847.05 million. The firm’s 50-day moving average is $7.79 and its 200 day moving average is $6.77.
Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Tuesday, July 19th. The company reported ($0.10) EPS for the quarter, hitting analysts’ consensus estimates of ($0.10). During the same quarter in the previous year, the firm posted ($0.03) earnings per share. Equities research analysts forecast 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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