Somewhat Positive News Coverage Somewhat Unlikely to Impact Helix Energy Solutions Group (HLX) Stock Price
Headlines about Helix Energy Solutions Group (NYSE:HLX) have been trending somewhat positive on Sunday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Helix Energy Solutions Group earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 45.9329194374751 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Helix Energy Solutions Group (NYSE:HLX) opened at 7.46 on Friday. The stock’s market capitalization is $1.10 billion. The company’s 50-day moving average is $6.38 and its 200-day moving average is $6.29. Helix Energy Solutions Group has a one year low of $4.82 and a one year high of $11.87.
Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Sunday, July 23rd. The oil and gas company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Helix Energy Solutions Group had a negative net margin of 12.09% and a negative return on equity of 1.21%. The firm had revenue of $150.30 million during the quarter, compared to analysts’ expectations of $141.03 million. During the same quarter last year, the business earned ($0.10) earnings per share. The business’s quarterly revenue was up 40.2% on a year-over-year basis. On average, equities research analysts anticipate that Helix Energy Solutions Group will post ($0.14) earnings per share for the current year.
Several research firms have weighed in on HLX. Bank of America Corporation began coverage on shares of Helix Energy Solutions Group in a research report on Tuesday, September 5th. They set a “neutral” rating and a $7.00 target price on the stock. Cowen and Company reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Helix Energy Solutions Group in a report on Friday, September 1st. BidaskClub raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Zacks Investment Research raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $8.00 price objective (down from $15.00) on shares of Helix Energy Solutions Group in a report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.59.
About Helix Energy Solutions Group
Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.
Receive News & Ratings for Helix Energy Solutions Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helix Energy Solutions Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.