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BTIG has decided to maintain its Buy rating of Helix Energy Solns Gr (NYSE:HLX) and raise its price target from $14.00 to $17.00.
Shares of Helix Energy Solns Gr are trading up 3.36% over the last 24 hours, at $11.07 per share.
A move to $17.00 would account for a 53.57% increase from the current share price.
Helix Energy Solutions Group Inc is an offshore energy services company. It provides specialty services to the offshore energy industry, with an emphasis on well intervention and robotics operations. Helix provides services primarily in deepwater in the Gulf of Mexico, Brazil, the North Sea, Asia Pacific and West Africa regions. It has four segments Well Intervention, Robotics Production Facilities and Shallow Water Abandonment. the Well Intervention segment includes vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico, the North Sea and Brazil. It derives the majority of its revenue from the US.
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Posted In: HLX
