3,740 Shares in Helix Energy Solutions Group, Inc. (NYSE:HLX) Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,740 shares of the oil and gas company’s stock, valued at approximately $45,000.

Other large investors also recently bought and sold shares of the company. CWM LLC grew its stake in Helix Energy Solutions Group by 10.4% during the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock worth $108,000 after buying an additional 850 shares during the period. Arizona State Retirement System boosted its position in Helix Energy Solutions Group by 3.0% in the 2nd quarter. Arizona State Retirement System now owns 40,535 shares of the oil and gas company’s stock valued at $484,000 after buying an additional 1,187 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Helix Energy Solutions Group by 24.0% in the second quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock worth $76,000 after acquiring an additional 1,236 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Helix Energy Solutions Group by 10.2% in the first quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company’s stock valued at $163,000 after purchasing an additional 1,391 shares during the last quarter. Finally, Meeder Advisory Services Inc. increased its stake in shares of Helix Energy Solutions Group by 9.5% in the second quarter. Meeder Advisory Services Inc. now owns 16,618 shares of the oil and gas company’s stock worth $198,000 after buying an additional 1,445 shares during the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Raymond James began coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price target on the stock. TD Cowen upped their price target on Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th.

Helix Energy Solutions Group Price Performance

Shares of NYSE:HLX opened at $11.10 on Tuesday. Helix Energy Solutions Group, Inc. has a 12-month low of $8.82 and a 12-month high of $13.05. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.69 billion, a P/E ratio of -52.83 and a beta of 2.42. The company’s fifty day moving average is $10.64 and its two-hundred day moving average is $11.04.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The firm had revenue of $364.80 million during the quarter, compared to analysts’ expectations of $353.19 million. During the same period in the prior year, the company posted $0.11 earnings per share. Equities analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Helix Energy Solutions Group Profile

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.