Helix Energy Solutions Group (NYSE:HLX) has tumbled 5.88% during the past week and has dropped 4.89% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.75%. Helix Energy Solutions Group (NYSE:HLX) has underperformed the index by 5.76% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Helix Energy Solutions Group (NYSE:HLX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.86 and $6.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.20, notching a gain of 4.80% for the day. The total traded volume was 2,608,306 . The stock had closed at $6.87 on the previous day.
The company shares have dropped -48.24% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $14.06 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $7.63 and the 200 Day Moving Average price is recorded at $5.64.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Lovoi John, director of Helix Energy Solutions Group Inc, had unloaded 30,000 shares at an average price of $6.01 in a transaction dated on September 21, 2015. The total value of the transaction was worth $180,300.
Many analysts have stated their opinion on the company shares. Morgan Stanley maintains their rating on the shares of Helix Energy Solutions Group (NYSE:HLX). The current rating of the shares is Overweight. Equity Analysts at the Firm raises the price target to $14.5 per share from $11 per share. The rating by the firm was issued on April 19, 2016. Currently the company Insiders own 7.46% of Helix Energy Solutions Group shares according to the proxy statements. Institutional Investors own 82.95% of Helix Energy Solutions Group shares.
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 Companys 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.