Helix Energy Solutions Group Inc (HLX) Receives $9.65 Average PT from Analysts

Helix Energy Solutions Group Inc (NYSE:HLX) has been given an average recommendation of “Buy” by the eight research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $9.65.

HLX has been the topic of a number of research reports. Zacks Investment Research lowered shares of Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 26th. Cowen initiated coverage on shares of Helix Energy Solutions Group in a research note on Saturday, October 13th. They issued a “buy” rating and a $12.00 price target on the stock. Finally, ValuEngine lowered shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st.

Shares of HLX stock traded up $0.30 during mid-day trading on Friday, hitting $8.50. 36,047 shares of the stock were exchanged, compared to its average volume of 1,198,757. The firm has a market cap of $1.21 billion, a P/E ratio of -56.20 and a beta of 2.61. Helix Energy Solutions Group has a 52-week low of $5.44 and a 52-week high of $10.89. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.25.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Monday, October 22nd. The oil and gas company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. The firm had revenue of $212.58 million for the quarter, compared to analyst estimates of $203.56 million. Helix Energy Solutions Group had a net margin of 12.48% and a return on equity of 2.59%. During the same period last year, the company posted $0.02 EPS. On average, analysts anticipate that Helix Energy Solutions Group will post 0.22 earnings per share for the current fiscal year.

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 110,000 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $9.61, for a total value of $1,057,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Alisa B. Johnson sold 15,244 shares of the stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $9.85, for a total transaction of $150,153.40. Following the completion of the sale, the vice president now owns 285,480 shares of the company’s stock, valued at approximately $2,811,978. The disclosure for this sale can be found here. Insiders sold a total of 852,052 shares of company stock worth $8,287,258 over the last ninety days. 5.85% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Meadow Creek Investment Management LLC increased its holdings in shares of Helix Energy Solutions Group by 28.6% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 34,544 shares of the oil and gas company’s stock worth $288,000 after buying an additional 7,684 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Helix Energy Solutions Group by 11.6% during the 3rd quarter. Quantbot Technologies LP now owns 78,478 shares of the oil and gas company’s stock worth $775,000 after buying an additional 8,178 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Helix Energy Solutions Group by 12.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 98,980 shares of the oil and gas company’s stock worth $978,000 after buying an additional 10,893 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Helix Energy Solutions Group by 0.3% during the 2nd quarter. Macquarie Group Ltd. now owns 4,449,931 shares of the oil and gas company’s stock worth $37,068,000 after buying an additional 11,664 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Helix Energy Solutions Group by 297.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 15,888 shares of the oil and gas company’s stock worth $132,000 after buying an additional 11,888 shares during the last quarter. Institutional investors own 92.38% of the company’s stock.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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Analyst Recommendations for Helix Energy Solutions Group (NYSE:HLX)

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