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What’s Wall Street’s Forecast for Helix Energy Solutions Group?

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May. 15 2018, Updated 9:02 a.m. ET

Wall Street’s forecast for Helix Energy Solutions Group

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Analysts’ rating for Helix Energy Solutions Group

Approximately 90% of Wall Street analysts tracking Helix Energy Solutions Group rated it a “buy” or some equivalent as of May 10, 2018. None of the analysts rated the company a “hold,” and 10% of sell-side analysts recommended a “sell” or an equivalent for HLX. HLX makes up 1.8% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES provides exposure to the oil and gas equipment and services segment. XES has increased ~2% since May 11, 2017.

Analysts’ rating changes for HLX

Between February 10 and May 10, 2018, the percentage of analysts recommending a “buy” or some equivalent for HLX has increased from 73% to 90%. Sell-side analysts’ “hold” recommendations have decreased for HLX during this period. Earlier, as of May 10, 2017, ~82% of sell-side analysts recommended a “buy” for HLX.

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Analysts’ target prices for HLX

Wall Street analysts’ mean target price for HLX as of May 10 was $8.7. HLX is currently trading at ~$8.1, implying ~7% upside at its current price. Analysts’ mean target price for HLX was $8.30 a month ago.

Target prices for HLX’s peers

The mean target price among sell-side analysts for Weatherford International (WFT) was $4.37 as of May 10. WFT was trading at $3.34 as of May 10, implying nearly 31% returns at that price. The mean target price surveyed among sell-side analysts for Nabors Industries (NBR) was $9.4 as of May 10. NBR was trading at ~$7.9 as of May 10, implying 19% upside at that price.

Read Market Realist’s The Top 5 Oilfield Companies by Net Debt-To-Equity Ratio.

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