TD Cowen analyst James Schumm maintained a Buy rating on Helix Energy today and set a price target of $11.00.
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James Schumm has given his Buy rating due to a combination of factors that suggest a favorable risk/reward scenario for Helix Energy. Despite recent setbacks, such as a disappointing second quarter and a negative revision in full-year guidance, the company has secured new contracts in the UK North Sea and Shallow Water markets, and its Robotics division continues to show a promising outlook.
Furthermore, while Helix Energy’s stock has underperformed compared to the OIH index, trading at a lower multiple than the OSX Index, Schumm believes that the high volatility that negatively impacted the stock could lead to significant outperformance as conditions improve. Although there is uncertainty about whether the stock has reached its lowest point, Schumm is confident that the company’s performance will strengthen in 2026 and beyond, with potential EBITDA earnings power significantly higher than current guidance suggests.
In another report released on July 25, Raymond James also maintained a Buy rating on the stock with a $9.00 price target.