Somewhat Favorable News Coverage Somewhat Unlikely to Affect Helix Energy Solutions Group (HLX) Stock Price
News articles about Helix Energy Solutions Group (NYSE:HLX) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Helix Energy Solutions Group earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 45.8424462709428 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Notable Traders Recap: Mastercard Incorporated, (NYSE: MA), Helix Energy Solutions Group, Inc., (NYSE: HLX), JD … – Stocks In The News (press release) (tradingnewsnow.com)
- Few Things investors Didn’t Know About: Delta Air Lines, Inc., (NYSE: DAL), Helix Energy Solutions Group, Inc … – Stocks In The News (press release) (tradingnewsnow.com)
- Brokerages Expect Helix Energy Solutions Group, Inc. (HLX) Will Post Quarterly Sales of $163.85 Million (americanbankingnews.com)
- Helix Energy Solutions Group, Inc. breached its 50 day moving average in a Bullish Manner : HLX-US : November 6, 2017 (finance.yahoo.com)
- ETFs with exposure to Helix Energy Solutions Group, Inc. : November 6, 2017 (finance.yahoo.com)
Helix Energy Solutions Group (NYSE:HLX) traded down $0.21 during trading hours on Friday, reaching $7.25. 1,217,400 shares of the company’s stock traded hands, compared to its average volume of 2,070,633. Helix Energy Solutions Group has a 12 month low of $4.82 and a 12 month high of $11.87. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.26.
Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $163.30 million for the quarter, compared to the consensus estimate of $168.97 million. Helix Energy Solutions Group had a negative net margin of 13.72% and a negative return on equity of 1.80%. Helix Energy Solutions Group’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS. equities research analysts expect that Helix Energy Solutions Group will post -0.13 earnings per share for the current year.
HLX has been the subject of a number of research analyst reports. Cowen and Company reiterated an “outperform” rating and set a $9.00 price objective (down previously from $10.00) on shares of Helix Energy Solutions Group in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub lowered shares of Helix Energy Solutions Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Bank of America Corporation initiated coverage on shares of Helix Energy Solutions Group in a report on Tuesday, September 5th. They set a “neutral” rating and a $7.00 price objective for the company. Finally, Piper Jaffray Companies lowered shares of Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $7.00 to $7.30 in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Helix Energy Solutions Group has an average rating of “Hold” and an average price target of $9.33.
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In other news, COO Scott Andrew Sparks sold 10,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $6.75, for a total value of $67,500.00. Following the sale, the chief operating officer now directly owns 151,530 shares of the company’s stock, valued at approximately $1,022,827.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Anthony Tripodo sold 6,466 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $6.92, for a total transaction of $44,744.72. Following the completion of the sale, the executive vice president now directly owns 318,937 shares in the company, valued at $2,207,044.04. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by insiders.
About Helix Energy Solutions Group
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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