Helix Energy Solutions Group Inc (HLX) is Upgraded by Credit Suisse to Outperform

Helix Energy Solutions Group Inc (HLX) was Upgraded by Credit Suisse to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Apr 12, 2016.

Many Wall Street Analysts have commented on Helix Energy Solutions Group Inc. Helix Energy Solutions Group Inc was Upgraded by Credit Suisse to ” Outperform” on Apr 12, 2016. Helix Energy Solutions Group Inc was Upgraded by Morgan Stanley to ” Overweight” on Mar 17, 2016.

On the company’s financial health, Helix Energy Solutions Group Inc reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 19, 2015. Analyst had a consensus of $0.07. The company had revenue of $182.50 million for the quarter, compared to analysts expectations of $194.34 million. The company’s revenue was down -46.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.71 EPS.

Helix Energy Solutions Group Inc opened for trading at $5.85 and hit $6.12 on the upside on Monday, eventually ending the session at $5.92, with a gain of 0.85% or 0.05 points. The heightened volatility saw the trading volume jump to 16,35,513 shares. Company has a market cap of $637 M.

In a different news, on Sep 22, 2015, John Lovoi (director) sold 30,000 shares at $6.01 per share price. According to the SEC, 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.

Helix Energy Solutions Group Inc

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