Favorable News Coverage Somewhat Unlikely to Impact Helix Energy Solutions Group (HLX) Stock Price

Media coverage about Helix Energy Solutions Group (NYSE:HLX) has trended positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. 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 0.34 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 46.6483796489272 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the headlines that may have effected Accern’s scoring:

Shares of Helix Energy Solutions Group (NYSE HLX) opened at $6.96 on Tuesday. The firm has a market cap of $1,030.63, a PE ratio of -11.80 and a beta of 2.45. Helix Energy Solutions Group has a 12 month low of $4.82 and a 12 month high of $8.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 2.02.

HLX has been the topic of a number of recent analyst reports. Piper Jaffray Companies restated a “hold” rating on shares of Helix Energy Solutions Group in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a research note on Wednesday, January 24th. Cowen set a $10.00 target price on shares of Helix Energy Solutions Group and gave the company a “buy” rating in a research note on Thursday, January 11th. Bank of America lowered shares of Helix Energy Solutions Group from a “neutral” rating to an “underperform” rating and set a $7.00 target price on the stock. in a research note on Tuesday, January 16th. Finally, ValuEngine lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Helix Energy Solutions Group presently has an average rating of “Hold” and a consensus target price of $8.54.

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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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