Helix Energy Solutions Group (NYSE:HLX) PT Raised to $16.00

Helix Energy Solutions Group (NYSE:HLX) had its price objective hoisted by equities researchers at TD Cowen from $15.00 to $16.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s target price would indicate a potential upside of 39.74% from the company’s previous close.

Helix Energy Solutions Group Price Performance

Shares of NYSE HLX opened at $11.45 on Tuesday. Helix Energy Solutions Group has a fifty-two week low of $6.98 and a fifty-two week high of $12.14. The stock has a fifty day moving average of $11.04 and a 200-day moving average of $10.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market cap of $1.75 billion, a PE ratio of -54.52 and a beta of 2.49.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Wednesday, April 24th. The oil and gas company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The business had revenue of $296.21 million during the quarter, compared to the consensus estimate of $303.00 million. Helix Energy Solutions Group had a positive return on equity of 3.22% and a negative net margin of 2.39%. Equities research analysts anticipate that Helix Energy Solutions Group will post 0.39 earnings per share for the current year.

Insider Activity at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 12,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $11.44, for a total value of $137,280.00. Following the completion of the sale, the chief operating officer now owns 282,634 shares in the company, valued at approximately $3,233,332.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, COO Scott Andrew Sparks sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $11.44, for a total transaction of $137,280.00. Following the completion of the transaction, the chief operating officer now owns 282,634 shares of the company’s stock, valued at approximately $3,233,332.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Owen E. Kratz sold 7,521 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $11.54, for a total value of $86,792.34. Following the transaction, the chief executive officer now directly owns 7,471,329 shares of the company’s stock, valued at approximately $86,219,136.66. The disclosure for this sale can be found here. Insiders sold 164,264 shares of company stock worth $1,932,544 in the last ninety days. 6.37% of the stock is owned by company insiders.

Institutional Trading of Helix Energy Solutions Group

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC purchased a new position in shares of Helix Energy Solutions Group in the 4th quarter worth $44,000. Pineridge Advisors LLC purchased a new position in Helix Energy Solutions Group during the fourth quarter valued at $54,000. Lindbrook Capital LLC lifted its position in Helix Energy Solutions Group by 1,037.6% during the first quarter. Lindbrook Capital LLC now owns 5,563 shares of the oil and gas company’s stock valued at $60,000 after purchasing an additional 5,074 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in Helix Energy Solutions Group during the first quarter valued at $135,000. Finally, Syon Capital LLC purchased a new position in Helix Energy Solutions Group during the fourth quarter valued at $138,000. Institutional investors own 91.33% of the company’s stock.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.