Helix Energy Solutions Group Lowered to “Neutral” at Zacks (HLX)
Helix Energy Solutions Group (NYSE:HLX) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday. They currently have a $30.10 target price on the stock. Zacks‘s price objective indicates a potential upside of 13.29% from the stock’s previous close.
Shares of Helix Energy Solutions Group (NYSE:HLX) traded up 0.28% on Thursday, hitting $26.645. The stock had a trading volume of 453,866 shares. Helix Energy Solutions Group has a 52-week low of $19.44 and a 52-week high of $28.00. The stock’s 50-day moving average is $25.61 and its 200-day moving average is $23.87. The company has a market cap of $2.812 billion and a P/E ratio of 14.61.
Helix Energy Solutions Group (NYSE:HLX) last released its earnings data on Monday, July 21st. The company reported $0.55 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 31.6% on a year-over-year basis. On average, analysts predict that Helix Energy Solutions Group will post $1.76 earnings per share for the current fiscal year.
In other Helix Energy Solutions Group news, Director Nancy K. Quinn unloaded 10,000 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $25.66, for a total transaction of $256,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James raised their price target on shares of Helix Energy Solutions Group from $30.00 to $31.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Analysts at Johnson Rice raised their price target on shares of Helix Energy Solutions Group from $27.00 to $31.00 in a research note on Wednesday, July 23rd. They now have an “overweight” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $29.78.
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.
To view Zacks’ full report, visit Zacks’ official website.
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