Shares of Helix Energy Solutions Group Inc (NYSE:HLX) were down 7.3% during trading on Tuesday . The stock traded as low as $6.41 and last traded at $6.45. Approximately 2,168,111 shares changed hands during trading, an increase of 68% from the average daily volume of 1,288,768 shares. The stock had previously closed at $6.96.
Several analysts recently commented on HLX shares. Zacks Investment Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Cowen set a $10.00 price objective on shares of Helix Energy Solutions Group and gave the company a “buy” rating in a research report on Thursday, January 11th. Credit Suisse Group cut their price objective on shares of Helix Energy Solutions Group from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Wednesday. Piper Jaffray Companies set a $7.00 price objective on shares of Helix Energy Solutions Group and gave the company a “hold” rating in a research report on Monday, December 25th. Finally, Bank of America downgraded shares of Helix Energy Solutions Group from a “neutral” rating to an “underperform” rating and set a $7.00 price objective on the stock. in a research report on Tuesday, January 16th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $8.75.
The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.26. The company has a market cap of $955.11, a P/E ratio of 30.00 and a beta of 2.45.
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Helix Energy Solutions Group Company Profile
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.
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