Zacks Investment Research downgraded shares of HELIX EGY SOLUT (HLX) from OUTPERFORM to NEUTRAL on June 20, 2012, with a target price of $19.10.
Helix Energy Solutions Group Inc., is a leading marine contractor and operator of offshore oil and gas properties and production facilities. The company seeks to align the interests of the producer and the contractor by investing in mature offshore oil and gas properties, hub production facilities and proven undeveloped reserve plays where Helix Energy Solutions Group adds value by deploying vessels from its diverse contracting fleet. This unique integration of marine contracting and oil and gas operations is designed to add stability to revenues and earnings in an industry as cyclical as energy.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on HELIX EGY SOLUT (HLX),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment