Credit Suisse Upgrades Helix Energy Solutions Group Inc to Outperform with Price Target $10.00

Brokerage firm Credit Suisse Upgrades its rating on Helix Energy Solutions Group Inc(NYSE:HLX). In a research note issued to the investors, the brokerage major Raises the price-target to $10.00 per share. The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by Credit Suisse was issued on Apr 12, 2016.

In a different note, On Mar 17, 2016, Morgan Stanley said it Upgrades its rating on Helix Energy Solutions Group Inc. In the research note, the firm Raises the price-target to $8.00 per share. The shares have been rated ‘Overweight’ by the firm. On Feb 24, 2016, iBERIA Capital Partners said it Maintains its rating on Helix Energy Solutions Group Inc. In the research note, the firm Lowers the price-target to $13.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jan 21, 2016, Stephens Inc said it Upgrades its rating on Helix Energy Solutions Group Inc. The shares have been rated ‘Overweight’ by the firm.

Helix Energy Solutions Group Inc (HLX) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.47% at a volume of 23,24,962. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.533. The peak price level was also seen at $6.533 while the days lowest was $6.24. Finally the shares closed at $6.34. The 52-week high of the shares is $17.73 while the 52-week low is $2.6. According to the latest information available, the market cap of the company is $682 M.

Helix Energy Solutions Group Inc(HLX) last announced its earnings results on Feb 22, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $157.68M. Analysts had an estimated revenue of $149.95M. Earnings per share were $-0.06. Analysts had estimated an EPS of $-0.09.

Several Insider Transactions has been reported to the SEC. On Sep 22, 2015, John Lovoi (director) sold 30,000 shares at $6.01 per share price.Also, On May 22, 2015, Anthony Tripodo (Executive Vice President & CFO) sold 4,561 shares at $16.60 per share price.On Mar 9, 2015, Owen E Kratz (CEO) purchased 71,500 shares at $13.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Helix Energy Solutions Group Inc. is an international offshore energy services company. The Company operates in four business segments: Well Intervention Robotics Production Facilities and Subsea Construction. Well Intervention segment includes its vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. Its well intervention vessels include the Q4000 the Helix 534 the Seawell the Well Enhancer and the Skandi Constructor which is a chartered vessel. The Robotics segment operates four chartered vessels and also includes ROVs trenchers and ROVDrills designed to offshore subsea construction and well intervention services. The Company’s Production Facilities segment which include the Helix Producer I (HP I) which is a floating production vessel. Its subsea construction operations included the use of umbilical lay and pipelay vessels and ROVs to develop fields in the deepwater.

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