TD Cowen Sticks to Its Buy Rating for Helix Energy (HLX)
TD Cowen analyst James Schumm maintained a Buy rating on Helix Energy today and set a price target of $13.00. The company’s shares closed yesterday at $6.96.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
According to TipRanks, Schumm is a 2-star analyst with an average return of 0.8% and a 44.87% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Helix Energy with a $11.50 average price target, which is a 65.23% upside from current levels. In a report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $7.00 price target.
Based on Helix Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $278.06 million and a net profit of $3.07 million. In comparison, last year the company earned a revenue of $296.21 million and had a GAAP net loss of $26.29 million
