Today’s Research Reports on Stocks to Watch: Helix Energy Solutions Group and Northern Dynasty Minerals
Falling oil prices dragged markets lower Monday after Bahrain, Egypt, Saudi Arabia and the United Arab Emirates all severed diplomatic relations with Qatar. U.S. crude futures dropped 0.55 percent to close at $47.40 a barrel on the New York Mercantile Exchange. The Dow Jones Industrial Average declined 0.10 percent to close at 21,184.04, while the S&P 500 Index declined 0.12 percent to close at 2,436.10.
“Generally, increased tensions in the Middle East props up oil prices with a fear bid, but the dynamic of this Qatar issue is different because it is largely between Saudi Arabia and Iran,” Tyler Richey, co-editor of the Sevens Report, told MarketWatch.
RDI Initiates Coverage on:
Helix Energy Solutions Group Inc.
Northern Dynasty Minerals Ltd.
Helix Energy Solutions Group’s shares spiked 12.24 percent to close at $5.50 a share on Monday. The stock traded between $5.20 and $5.69 on volume of 4.19 million shares traded. Analysts at Cowen have recently upgraded the company’s rating to “outperform” from “market perform” and currently have a price target of $10 on the stock. Consensus of analysts has called “outperform” rating on the stock. Helix Energy reported revenues were $104.5 million in the first quarter of 2017, up from revenues of $91 million in the first quarter of 2016. Losses have narrowed down, as the company reported net loss of $16.4 million in the first quarter of 2017 as compared to net loss of $27.8 million reported in the same quarter last year. Adjusted EBITDA was $14.6 million for the first quarter of 2017, compared to $1.0 million in the same quarter a year ago. Shares of Helix Energy Solutions Group have fallen approximately 37.64 percent year-to-date.
Access RDI’s Helix Energy Solutions Group Research Report at:
Northern Dynasty Minerals’ shares surged 16.99 percent to close at $1.79 a share on Monday. The stock traded between $1.56 and $1.80 on volume of 7.87 million shares traded. On May 18th, the company’s wholly-owned subsidiary, Alaska-based Pebble Limited Partnership, announced commitments from five prominent Alaskan and national figures to serve as founding members of an Advisory Committee for the Pebble Project. Shares of Northern Dynasty Minerals have fallen approximately 13.53 percent year-to-date.
"In our view, this is the ideal time to expand our engagement with external parties to ensure the project we take into permitting, and the various environmental safeguards and partnership programs we build around that project, are as robust and responsive to stakeholder needs as they can be," explained Pebble CEO Tom Collier. "The Pebble Advisory Committee we’re announcing today is one of several key initiatives we will be advancing this year to make Pebble the best possible project for all our stakeholder audiences."
Access RDI’s Northern Dynasty Minerals Research Report at:
Our Actionable Research on Helix Energy Solutions Group Inc. (NYSE:HLX) and Northern Dynasty Minerals Ltd. (NYSEMKT:NAK) can be downloaded free of charge at Research Driven Investing.
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