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Helix Energy Solutions (HLX) Soars: Stock Adds 10.3% in Session

Zacks

Helix Energy Solutions Group, Inc. HLX was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $6.63–$7.72 in the past one-month time frame, witnessed a sharp increase yesterday.

The upside could have been driven by a report which stated that the offshore drilling service provider had hired bankers to explore strategic alternatives.

The company has seen a mixed track record when it comes to estimate revisions of three increases and one decrease over the past few months, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Helix Energy Solutions currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.


A better-ranked stock in the Oil and Gas – Field Services industry is C&J Energy Services, Inc. CJ, holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is HLX going up? Or down? Predict to see what others think:Up or Down

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