Helix Energy Solutions Group (HLX) : Traders are bullish on Helix Energy Solutions Group (HLX) as it has outperformed the S&P 500 by a wide margin of 9.08% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.46%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.9% in the last 1 week, and is up 11.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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 $7.92 and $7.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.25, notching a gain of 4.56% for the day. The total traded volume was 1,171,410 . The stock had closed at $7.89 on the previous day.
The stock has recorded a 20-day Moving Average of 9.88% and the 50-Day Moving Average is 10.52%. Helix Energy Solutions Group, Inc. is up 13.17% in the last 3-month period. Year-to-Date the stock performance stands at 56.84%.
Helix Energy Solutions Group (HLX) : Average target price received by Helix Energy Solutions Group (HLX) is $10.6 with an expected standard deviation of $3.13. The most aggressive target on the stock is $16, whereas the most downbeat target is $8. 5 financial analysts are currently covering the stock.
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.