BTIG analyst Gregory Lewis downgraded Helix Energy (HLX) to Neutral from Buy without a price target The company cut its guidance as boarder offshore activist pauses, the analyst tells investors in a research note. The firm says the combination of continued white space for offshore rigs combined with more rigs rolling off contract in the first half of 2025 should continue to weigh on Helix’s well intervention pricing momentum.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HLX:
- Helix Energy reports Q3 EPS 19c, consensus 17c
- HLX Earnings this Week: How Will it Perform?
- Helix Energy said to explore options, including possible sale, Bloomberg says
- Helix Energy up 7% after Bloomberg says company exploring possible sale
- Helix Energy working with advisers to weigh possible sale, Bloomberg says