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Helix Energy Solutions posted strong Q3 results, meeting expectations with $0.15 EPS and $376.96M in revenue, up 10.1% year-over-year.
Helix Energy Solutions Group (HLX) reported strong Q3 earnings, meeting expectations with $0.15 EPS and $376.96 million in revenue, a 10.1% year-over-year increase.
The company was upgraded to a "Hold" rating by Zacks Research from "Strong Sell," while analysts maintain a consensus "Moderate Buy" rating and a $10.50 average price target.
Shares rose to $6.42, with institutional ownership at 91.33% and insider ownership at 6.60%.
The firm operates in offshore energy services across the Gulf of Mexico, North Sea, Brazil, and West Africa through four segments.
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Helix Energy Solutions registró fuertes resultados del tercer trimestre, cumpliendo con las expectativas con $0.15 EPS y $376.96M en ingresos, un aumento del 10.1% año tras año.