Helix Energy rises, Raymond James initiates coverage with 'strong buy'

Hornbeck Offshore Services

19/09/2024 18:37

** Shares of offshore energy services company Helix Energy
Solutions Group  HLX.N  rises ~6.9% to $10.52
    ** Raymond James initiates coverage on HLX with a "strong
buy" rating 
    ** Brokerage expects strong growth in offshore services due
to increased spending in offshore oil & gas activity
    ** Increased offshore wind development continues to help the
company's robotics business, where it specializes in site
development and cable trenching operations - Raymond James 
    ** All 5 analysts rate the stock "buy" or higher; median PT
is $15 - LSEG data
    ** Including session moves, stock up nearly 2.14% YTD


 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.Srivastava2@thomsonreuters.com;))