Stock Technical Report on Helix Energy Solutions Group Inc (NYSE:HLX)

Helix Energy Solutions Group Inc (NYSE:HLX) (TREND ANALYSIS) shares were traded with no significant volume change. The stock closed last trading session at $15.73, down by -2.3%, with a volume of 2,749,414 shares against an average volume for the last 3 months of 1,941,500.

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HLX reported last quarter earnings on April 20. The Oil Field Services company announced earnings per share of $0.19 against a consensus Street estimate of $0.01, beating the average estimate by $0.18. This corresponds to a decrease of $0.33 compared to the same quarter of the previous fiscal year.

Helix Energy Solutions Group Inc (NYSE:HLX) is currently trading 43.82% below its 52-week-high, 20.44% above its 52-week-low. The 12-months range for the stock is $13.06 – $28. Helix Energy Solutions Group Inc (HLX) has a price to earnings ratio of 8.52 versus S&P 500 average of 17.42. HLX stock price has underperformed the S&P 500 by 29.1%. The Oil Field Services company is currently valued at $1.67 billion and its share price closed the last trading session at $15.73. The stock has a 50-day moving average of $14.86 and a 200-day moving average of $19.99.

Helix Energy Solutions Group Inc (HLX) current short interest stands at 3.14 million shares. It has decreased by 20% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.57 million shares, the number of days required to cover the short positions stand at 2 days.

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There are currently eleven analysts that cover HLX stock. Of those eleven, eight have a Buy rating, three have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $21.71.

A recent analyst activity consisted of Stephens & Co. downgrading their Overweight rating to Equal-weight on March 3. Stephens & Co. decreased price target from $24 to $21. This corresponds to a 33.5% upside from the last closing price. On the date of report, the stock closed at $14.8.

Miller Tabak initiated their coverage on the stock with Buy rating on December 16, and fixed their price target at $26. This corresponds to a 65.29% upside from the last closing price. On the date of report, the stock closed at $20.05.

Company profile

Helix Energy Solutions Group Inc. is a marine contractor and operator of offshore oil and gas properties and production facilities. The Company seeks to align the interests of the producer and contractor by investing in mature offshore oil and gas properties, hub production facilities, and undeveloped reserve plays.

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