Helix Energy Solutions Group Price Target Raised to $31.00 at Johnson Rice (HLX)
Equities researchers at Johnson Rice lifted their price objective on shares of Helix Energy Solutions Group (NYSE:HLX) from $27.00 to $31.00 in a research report issued on Wednesday. The firm currently has an “overweight” rating on the stock. Johnson Rice’s target price indicates a potential upside of 17.96% from the company’s current price.
A number of other firms have also recently commented on HLX. Analysts at Zacks downgraded shares of Helix Energy Solutions Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. They now have a $27.40 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Helix Energy Solutions Group presently has an average rating of “Buy” and an average target price of $28.10.
Helix Energy Solutions Group (NYSE:HLX) opened at 26.28 on Wednesday. Helix Energy Solutions Group has a 52 week low of $19.44 and a 52 week high of $27.58. The stock has a 50-day moving average of $25.12 and a 200-day moving average of $23.26. The company has a market cap of $2.774 billion and a P/E ratio of 16.02.
Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Monday, July 21st. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.13. The company had revenue of $305.60 million for the quarter, compared to the consensus estimate of $267.02 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 31.6% on a year-over-year basis. On average, analysts predict that Helix Energy Solutions Group will post $1.66 earnings per share for the current fiscal year.
Helix Energy Solutions Group, Inc(NYSE:HLX) is an international offshore energy company that provides specialty services to the offshore energy industry, with a focus on its growing well intervention and robotics operations.
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