Helix Energy Solutions Group (NYSE:HLX) Upgraded 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 research report released on Wednesday.

HLX has been the topic of a number of other reports. Raymond James assumed coverage on Helix Energy Solutions Group in a report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price target on the stock. BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. Finally, TD Cowen cut their price target on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 25th.

Helix Energy Solutions Group Trading Down 1.0 %

HLX opened at $10.62 on Wednesday. The stock’s fifty day moving average is $10.35 and its two-hundred day moving average is $10.78. The company has a market capitalization of $1.61 billion, a P/E ratio of 265.44 and a beta of 2.45. Helix Energy Solutions Group has a 52 week low of $8.82 and a 52 week high of $13.05. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19.

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, topping 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. Analysts forecast that Helix Energy Solutions Group will post 0.29 earnings per share for the current 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 on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the completion of the sale, the chief executive officer now owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. This trade represents a 3.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.37% of the company’s stock.

Institutional Trading of Helix Energy Solutions Group

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in Helix Energy Solutions Group by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock worth $131,559,000 after acquiring an additional 254,880 shares during the period. Pacer Advisors Inc. acquired a new stake in Helix Energy Solutions Group during the 2nd quarter worth about $81,862,000. State Street Corp lifted its position in Helix Energy Solutions Group by 3.8% during the 3rd quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company’s stock worth $73,973,000 after acquiring an additional 246,577 shares during the period. American Century Companies Inc. lifted its position in Helix Energy Solutions Group by 24.9% during the 2nd 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 period. Finally, Geode Capital Management LLC lifted its position in Helix Energy Solutions Group by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,286,917 shares of the oil and gas company’s stock worth $36,492,000 after acquiring an additional 25,432 shares during the period. Institutional investors and hedge funds 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.