| Weakness Seen in Helix Energy (HLX) Estimates: Should You Stay Away? - Tale of the Tape | |
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One such stock that you may want to consider dropping is Helix Energy Solutions Group, Inc. (HLX), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in HLX.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 4 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $1.76 a share a month ago to its current level of 90 cents.
Also, for the current quarter, Helix Energy has seen 4 downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to 3 cents a share from 31 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 24% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Oils/energy sector, you may instead consider a better-ranked stock - Dominion Midstream Partners, LP (DM). The stock currently holds a Zacks Rank #2 (Buy) and may be better selection at this time.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HELIX EGY SOLUT (HLX): Free Stock Analysis Report DOMINION MIDSTR (DM): Free Stock Analysis Report To read this article on Zacks.com click here.
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Helix Energy Solutions
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CODE : HLX |
ISIN : US42330P1075 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Helix is a and oil exploration company based in United states of america. Helix is listed in United States of America. Its market capitalisation is US$ 1.5 billions as of today (€ 1.4 billions). Its stock quote reached its lowest recent point on April 03, 2020 at US$ 0.99, and its highest recent level on September 20, 2024 at US$ 10.33. Helix has 148 079 552 shares outstanding. |