Economy

PiperJaffray Downgrades Rating On Helix Energy Solutions Group, I (HLX)

Kaiser Aluminum Corp. (NASDAQ:KALU) has declined 3.95% since September 26, 2016 and is downtrending. It has underperformed by 20.65% the S&P500.The move comes after 6 months negative chart setup for the $1.70 billion company. We have $96.43 PT which if reached, will make NASDAQ:KALU worth $68.00 million less. Therefore 70% are positive. Finally, Morgan Stanley restated an "overweight" rating and set a $8.00 price objective (down from $15.00) on shares of Helix Energy Solutions Group in a research note on Wednesday, June 21st. On Wednesday, August 30 the stock rating was maintained by Cowen & Co with "Buy". Helix Energy Solutions has $14.50 highest and $4.5 lowest target. The firm has "Market Perform" rating given on Tuesday, December 29 by Cowen & Co. Berenberg has "Buy" rating and GBX 150 target. The firm earned "Overweight" rating on Thursday, January 21 by Stephens. Cowen & Co upgraded the shares of HLX in report on Monday, June 5 to "Outperform" rating.

Previously Helix Energy Solutions Group (NYSE:HLX) reported $-0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $-0.03 by $0. (NYSE:HLX) traded at an unexpectedly high on Friday, posting a 0.94% after which it closed the day' session at $7.53. Westend Advisors Llc who had been investing in Goldman Sachs Group for a number of months, seems to be bullish on the $89.08B market cap company.

Helix Energy Solutions Group (NYSE:HLX) 52-week high price stands at $11.87 and low price stands at $4.82, its price distance from 52-week high is -36.56% while its distance from 52-week low price is 56.22%.

Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 0.73, and a price to sales ratio of 2.07. The Firm provides services to the offshore energy industry, with a focus on well intervention and robotics operations.

Investors sentiment decreased to 0.9 in 2017 Q2. Its up 0.06, from 1.02 in 2017Q1. 93 funds opened positions while 362 raised stakes. Hanson Mcclain Inc holds 0.01% or 1,504 shares. Point72 Asset Management Limited Partnership holds 100 shares. Farmers Merchants Invs Incorporated holds 317,100 shares. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. Financial Advisory owns 4,632 shares or 0.07% of their United States portfolio.

Since May 3, 2017, it had 0 buys, and 3 selling transactions for $2.29 million activity.

Wall Street await Helix Energy Solutions Group Inc (NYSE:HLX) to release earnings on October, 18. The expected HLX's profit could reach $2.96M giving the stock 90.25 P/E in the case that $0.02 earnings per share is reported. Analysts expect next quarter's EPS to be $-0.02 and the next full year EPS is anticipated to be $0.17.

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company has market cap of 305.70 million GBP. The Firm operates in the Fabricated Products segment. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. A recommendation of 1 or 2 would represent a consensus Buy. Kaiser Aluminum Corp has $100 highest and $9 lowest target. Shares of the company are trading at $7.30 which is significantly above $6.38, the stock's 50 day moving average and which is well above the 200 day moving average of $6.29. Goldman Sachs Group Inc. had 75 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by Seaport Global on Friday, September 9 with "Buy". The stock of Goldman Sachs Group Inc (NYSE:GS) earned "Neutral" rating by Citigroup on Wednesday, April 19. Berenberg maintained it with "Buy" rating and GBX 170 target in Monday, August 14 report. Deutsche Bank also upgraded the stock on 04/10/2016. Iberia Capital Partners has "Outperform" rating and $10 target. As per Thursday, July 23, the company rating was maintained by Cowen & Co. The company was downgraded on Tuesday, July 28 by KeyBanc Capital Markets.



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