Stock in Focus: Helix Energy Solutions Group Inc. (HLX)

Company Profile:

Helix Energy Solutions Group, Inc., an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company was formerly known as Cal Dive International, Inc. and changed its name to Helix Energy Solutions Group, Inc. in March 2006. Helix Energy Solutions Group, Inc. was incorporated in 1979 and is headquartered in Houston, Texas.

Recent News:

Helix Energy Solutions Group, Inc. reported net income of $31.6 million, or $0.21 per diluted share, for the third quarter of 2019 compared to $27.1 million, or $0.18 per diluted share, for the same period in 2018 and $16.8 million, or $0.11 per diluted share, for the second quarter of 2019.

Net income for the nine months ended September 30, 2019 was $49.8 million, or $0.33 per diluted share, compared to $42.3 million, or $0.29 per diluted share, for the nine months ended September 30, 2018.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

HLX’s strengths can be seen in its better growth, better profitability and strong efficiency compared with its peers. Its revenue has increased over recently several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, MACD is trying to cross back up and the RSI stands at 51.87 with positive bias. We rate Helix Energy Solutions Group Inc. (HLX) a STRONG BUY.

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