Helix Energy Solutions Group Inc (NYSE: HLX) stock closed at $9.11 on 2/27/24 after a major decline of -11.1%. Moreover, this decline was accompanied by exceptionally high trading volume at 339% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -7.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HLX is expected to continue to be a modest Value Builder.
Helix Energy Solutions Group has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Helix Energy Solutions Group has a neutral Appreciation Score of 57 but a very high Power Rating of 86, and the Positive Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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