Helix Energy Solutions (HLX) Crumbles: Stock Tanks 12.9% - Tale of the Tape
Helix Energy Solutions Group, Inc. (HLX) saw a big move last session, as the company’s shares fell nearly 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for HLX as the stock is now down over 19% since Feb 3.
On Feb 16, Helix Energy reported operating earnings of 8 cents per share for the fourth quarter of 2014 which was below the market expectations.
This slump shouldn’t be too much of a surprise to investors, as the offshore energy company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
HLX currently has a Zacks Rank #5 (Strong Sell).
A better-ranked stock in the oil and gas industry is North American Energy Partners Inc. (NOA), which currently carries a Zacks Rank #2 (Buy).
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HELIX EGY SOLUT (HLX): Free Stock Analysis Report
NORTH AMER EGY (NOA): Free Stock Analysis Report
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