2024-01-30 07:43:30 ET
Summary
- Helix Energy Solutions Group Inc has been on an uptrend and posted solid results in Q3 of FY2023.
- HLX operates in the offshore energy sector and is involved in well intervention, robotics, production facilities, and decommissioning of oil and gas fields.
- The company has seen a shift in revenue sources, with a focus on decommissioning, and is expected to show growth in the top line in upcoming reports.
Investment Rundown
Helix Energy Solutions Group, Inc. (HLX) is a company I haven't covered before but am very excited to do so since it's operating in one of my favorite sectors, the energy sector. The company has been on quite a strong uptrend the last couple of months as it posted pretty solid results in Q3 of FY2023. The first quarter of 2023 had its challenges but it seems the top line is going to continue expanding and for the trend to continue going into the Q4 report which seems to be in the latter part of February....
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For further details see:
Helix Energy Solutions: Growth And Valuation Don't Really Match Up Here