Helix Energy Solutions Group, Inc. (HLX) saw a big move in the last trading session, as the company’s shares fell by over 6% 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 trend for HLX, as the stock is now down over 12% since Dec 19.
The offshore energy company has not seen any estimate revision over the past month, and the current year earnings consensus hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.
HLX currently holds a Zacks Rank #4 (Sell), while its Earnings ESP is positive.
A better-ranked stock in the Oil – Field Services industry is Exterran Holdings, Inc. (EXH), holding a Zacks Rank #1 (Strong Buy).
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