Helix Energy Solutions Group (NYSE:HLX) Rating Lowered to “Sell” at StockNews.com

StockNews.com cut shares of Helix Energy Solutions Group (NYSE:HLX) from a hold rating to a sell rating in a research note released on Tuesday.

Other research analysts also recently issued reports about the company. Raymond James started coverage on Helix Energy Solutions Group in a research note on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 target price on the stock. BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. Finally, TD Cowen decreased their price target on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 25th.

Helix Energy Solutions Group Trading Down 0.2 %

Shares of HLX stock opened at $10.80 on Tuesday. The business’s 50 day moving average is $10.30 and its two-hundred day moving average is $10.81. Helix Energy Solutions Group has a twelve month low of $8.82 and a twelve month high of $13.05. The company has a market capitalization of $1.64 billion, a P/E ratio of 270.07 and a beta of 2.43. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The company had revenue of $342.42 million for the quarter, compared to the consensus estimate of $354.74 million. During the same period last year, the business posted $0.19 EPS. Equities analysts forecast that Helix Energy Solutions Group will post 0.29 EPS for the current year.

Insider Buying and Selling

In related news, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the completion of 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. The trade was a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 6.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Helix Energy Solutions Group

Several hedge funds and other institutional investors have recently bought and sold shares of HLX. Pacer Advisors Inc. acquired a new position in Helix Energy Solutions Group during the second quarter worth $81,862,000. Assenagon Asset Management S.A. raised its holdings in shares of 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 worth $27,640,000 after acquiring an additional 985,101 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Helix Energy Solutions Group in the second quarter worth $11,451,000. Principal Financial Group Inc. raised its holdings in shares of Helix Energy Solutions Group by 87.8% in the second quarter. Principal Financial Group Inc. now owns 1,489,359 shares of the oil and gas company’s stock worth $17,783,000 after acquiring an additional 696,395 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of 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 worth $40,756,000 after acquiring an additional 680,635 shares during the last quarter. 91.33% of the stock is owned by institutional investors and hedge funds.

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.