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How High Does Wall Street Think Helix Energy Solutions Group Inc (HLX) Stock Can Go?

Wednesday, April 08, 2020 09:56 AM | InvestorsObserver Analysts

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How High Does Wall Street Think Helix Energy Solutions Group Inc (HLX) Stock Can Go?

InvestorsObserver is giving Helix Energy Solutions Group Inc (HLX) an Analyst Rating Rank of 27, meaning HLX is ranked higher by analysts than 27% of stocks. The average projection by analysts for HLX is $4.312 over the next 12 months and analyst’s classify the stock as a Buy

Overall Score - 3.6
Wall Street analysts are rating HLX a Buy today. Find out what this means to you and get the rest of the rankings on HLX!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Helix Energy Solutions Group Inc Stock Today?

Helix Energy Solutions Group Inc (HLX) stock is higher by 6.93% while the S&P 500 is unmoved 0% as of 9:50 AM on Wednesday, Apr 8. HLX has risen $0.07 from the previous closing price of $1.01 on volume of 285,571 shares. Over the past year the S&P 500 is down -7.60% while HLX is down -86.63%. HLX earned $0.38 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.82.

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