Helix Energy Solutions Group (HLX) Is At $5.70 Formed Wedge, Natco Group (NTG)’s Sentiment Is 0.91

July 17, 2017 - By Winifred Garcia

Helix Energy Solutions Group Inc (HLX) formed wedge down with $5.53 target or 3.00% below today’s $5.70 share price. Helix Energy Solutions Group Inc (HLX) has $865.94 million valuation. It closed at $5.7 lastly. It is down 16.48% since July 17, 2016 and is downtrending. It has underperformed by 33.18% the S&P500.

Tortoise MLP Fund, Inc. is a non-diversified, closed-end management investment company. The company has market cap of $911.02 million. The Fund’s primary investment objective is to seek a high level of total return with an emphasis on current distributions. It currently has negative earnings. It invests primarily in master limited partnerships and their affiliates that own and operate a network of pipeline and energy-related logistical infrastructure assets.

Analysts await Helix Energy Solutions Group Inc (NYSE:HLX) to report earnings on July, 24 before the open. They expect $-0.04 earnings per share, up 60.00% or $0.06 from last year’s $-0.1 per share. After $-0.11 actual earnings per share reported by Helix Energy Solutions Group Inc for the previous quarter, Wall Street now forecasts -63.64% EPS growth.

Among 8 analysts covering Helix Energy Solutions (NYSE:HLX), 7 have Buy rating, 1 Sell and 0 Hold. Therefore 88% are positive. Helix Energy Solutions had 21 analyst reports since July 22, 2015 according to SRatingsIntel. As per Wednesday, February 24, the company rating was maintained by Iberia Capital Partners. The company was initiated on Thursday, October 6 by DA Davidson. The rating was initiated by Cowen & Co with “Market Perform” on Monday, September 21. On Tuesday, December 29 the stock rating was maintained by Cowen & Co with “Market Perform”. Stephens upgraded Helix Energy Solutions Group Inc (NYSE:HLX) on Thursday, January 21 to “Overweight” rating. TheStreet downgraded the stock to “Sell” rating in Friday, October 23 report. The rating was upgraded by Cowen & Co to “Outperform” on Monday, June 5. As per Tuesday, April 19, the company rating was maintained by Morgan Stanley. Clarksons Platou upgraded the stock to “Buy” rating in Tuesday, July 26 report. Cowen & Co maintained the stock with “Outperform” rating in Tuesday, June 20 report.

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