Helix Energy Solutions Group (NYSE:HLX) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Helix Energy Solutions Group (NYSE:HLX) from a sell rating to a hold rating in a report published on Saturday.

HLX has been the subject of several other research reports. BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. Raymond James initiated coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price objective for the company. Finally, TD Cowen dropped their price objective on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 25th.

Helix Energy Solutions Group Trading Up 0.4 %

Shares of HLX stock opened at $9.22 on Friday. Helix Energy Solutions Group has a 52-week low of $8.82 and a 52-week high of $13.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market capitalization of $1.40 billion, a PE ratio of 233.50 and a beta of 2.43. The stock has a fifty day simple moving average of $10.25 and a two-hundred day simple moving average of $10.89.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The business had revenue of $342.42 million during the quarter, compared to the consensus estimate of $354.74 million. During the same quarter in the prior year, the firm earned $0.19 EPS. On average, analysts predict that Helix Energy Solutions Group will post 0.29 EPS for the current fiscal year.

Insider Transactions at Helix Energy Solutions Group

In other news, CEO Owen E. Kratz sold 298,419 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the transaction, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, valued at approximately $85,488,571.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 6.37% of the company’s stock.

Hedge Funds Weigh In On Helix Energy Solutions Group

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Helix Energy Solutions Group by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock valued at $144,897,000 after buying an additional 152,413 shares during the period. Dimensional Fund Advisors LP increased its holdings in Helix Energy Solutions Group by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock valued at $131,559,000 after buying an additional 254,880 shares during the period. Pacer Advisors Inc. purchased a new position in Helix Energy Solutions Group during the second quarter valued at approximately $81,862,000. American Century Companies Inc. boosted its stake in Helix Energy Solutions Group by 24.9% in the second quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock valued at $40,756,000 after acquiring an additional 680,635 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Helix Energy Solutions Group by 74.1% in the second quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock valued at $27,640,000 after acquiring an additional 985,101 shares in the last quarter. 91.33% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Company 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.