Recent Research Analysts’ Ratings Changes for Helix Energy Solutions Group (HLX)

A number of research firms have changed their ratings and price targets for Helix Energy Solutions Group (NYSE: HLX):

  • 1/25/2018 – Helix Energy Solutions Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Helix Energy Solutions Group, Inc. is an international offshore energy company that provides specialty services to the offshore energy industry, with a focus on their growing well intervention and robotics operations. Their Contracting Services seek to provide services and methodologies which they believe are critical to developing offshore reservoirs and maximizing production economics. Their operations goal is to deliver our services in a cost effective manner and with zero incidents. The company seeks to align the interests of the producer and the contractor by investing in mature offshore oil and gas properties, hub production facilities and proven undeveloped reserve plays where Helix Energy Solutions Group adds value by deploying vessels from its diverse contracting fleet. This unique integration of marine contracting and oil and gas operations is designed to add stability to revenues and earnings in an industry as cyclical as energy. “
  • 1/24/2018 – Helix Energy Solutions Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.25 price target on the stock. According to Zacks, “Helix Energy Solutions Group, Inc. is an international offshore energy company that provides specialty services to the offshore energy industry, with a focus on their growing well intervention and robotics operations. Their Contracting Services seek to provide services and methodologies which they believe are critical to developing offshore reservoirs and maximizing production economics. Their operations goal is to deliver our services in a cost effective manner and with zero incidents. The company seeks to align the interests of the producer and the contractor by investing in mature offshore oil and gas properties, hub production facilities and proven undeveloped reserve plays where Helix Energy Solutions Group adds value by deploying vessels from its diverse contracting fleet. This unique integration of marine contracting and oil and gas operations is designed to add stability to revenues and earnings in an industry as cyclical as energy. “
  • 1/16/2018 – Helix Energy Solutions Group was downgraded by analysts at Bank of America Corp from a “neutral” rating to an “underperform” rating. They now have a $7.00 price target on the stock.
  • 1/11/2018 – Helix Energy Solutions Group was given a new $10.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 12/31/2017 – Helix Energy Solutions Group was given a new $7.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 12/25/2017 – Helix Energy Solutions Group was given a new $7.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.

Shares of Helix Energy Solutions Group Inc (NYSE:HLX) opened at $8.08 on Monday. Helix Energy Solutions Group Inc has a fifty-two week low of $4.82 and a fifty-two week high of $8.73. The firm has a market cap of $1,193.58, a price-to-earnings ratio of -13.69 and a beta of 2.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.02 and a quick ratio of 2.02.

In other news, Director Nancy K. Quinn sold 11,268 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $7.44, for a total value of $83,833.92. Following the sale, the director now directly owns 104,107 shares in the company, valued at approximately $774,556.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Scott Andrew Sparks sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $6.75, for a total transaction of $67,500.00. Following the completion of the sale, the chief operating officer now owns 151,530 shares in the company, valued at $1,022,827.50. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by company insiders.

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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