Markets

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

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%.

Helix Energy Solutions Group, Inc. Price

Helix Energy Solutions Group, Inc. Price | Helix Energy Solutions Group, Inc. Quote

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

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Helix Energy Solutions Group, Inc. (HLX): Free Stock Analysis Report

C&J Energy Services, Inc. (CJ): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

HLX

Other Topics

Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More