Helix Energy Secures Multi-Year Deal With Shell Subsidiary For Gulf Of Mexico Operations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 04 2024
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Source: Benzinga
New Contract with Shell: Helix Energy Solutions has secured a multi-year agreement with Shell Offshore to provide well intervention services in the U.S. Gulf of Mexico starting in 2025, reflecting improved market conditions and increased demand for their services.
Stock Performance: HLX shares are trading relatively flat but have gained over 4.9% in the past month, currently at $10.67, indicating positive investor sentiment despite broader economic pressures.
Analyst Views on PXJ
Wall Street analysts forecast PXJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PXJ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 34.260
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Current: 34.260
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
