Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Helix Energy Solutions Group Inc (NYSE: HLX) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 5/3/24, Helix Energy Solutions Group Inc (NYSE: HLX) stock increased 1.1%, closing at $10.95. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and has declined -3.0% during the last week.
Current PriceTarget Research Rating
HLX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
Helix Energy Solutions Group has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Helix Energy Solutions Group has a good Appreciation Score of 74 but a neutral Power Rating of 46, triggering the High Neutral Value Trend Rating.
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