Media headlines about Helix Energy Solutions Group (NYSE:HLX) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Helix Energy Solutions Group earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 45.8769830992737 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
A number of equities research analysts have issued reports on HLX shares. Capital One Financial Corporation reissued an “overweight” rating on shares of Helix Energy Solutions Group in a research report on Tuesday, October 10th. Piper Jaffray Companies downgraded Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $7.00 to $7.30 in a research report on Wednesday, September 27th. Zacks Investment Research downgraded Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Cowen and Company set a $9.00 price target on Helix Energy Solutions Group and gave the company a “buy” rating in a research report on Friday, October 6th. Finally, Bank of America Corporation started coverage on Helix Energy Solutions Group in a research report on Tuesday, September 5th. They set a “neutral” rating and a $7.00 price target for the company. Three research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.33.
Helix Energy Solutions Group (NYSE HLX) opened at 6.97 on Friday. Helix Energy Solutions Group has a 1-year low of $4.82 and a 1-year high of $11.87. The company has a 50 day moving average price of $7.32 and a 200 day moving average price of $6.29. The firm’s market cap is $1.03 billion.
Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The company had revenue of $163.30 million for the quarter, compared to the consensus estimate of $168.97 million. Helix Energy Solutions Group had a negative return on equity of 1.80% and a negative net margin of 13.72%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. On average, equities research analysts forecast that Helix Energy Solutions Group will post ($0.14) earnings per share for the current year.
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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.
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