Helix Energy Solutions Group (HLX) : 6 analysts are covering Helix Energy Solutions Group (HLX) and their average rating on the stock is 2, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Helix Energy Solutions Group (HLX) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $16 and the lowest price target forecast is $5. The average forecast of all the analysts is $10.02 and the expected standard deviation is $3.8.
Helix Energy Solutions Group (NYSE:HLX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.92 and $6.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.97, notching a gain of 0.43% for the day. The total traded volume was 1,108,955 . The stock had closed at $6.94 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Morgan Stanley, maintains their rating on the shares of Helix Energy Solutions Group (NYSE:HLX). Morgan Stanley has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $14.5 per share from a prior target of $11. The rating by the firm was issued on April 19, 2016. The company shares have dropped -43.39% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $13.00 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $7.45 and the 200 Day Moving Average price is recorded at $5.76.
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.