According to Bloomberg, the eight rating agencies currently keeping an eye on Helix Energy Solutions Group, Inc. (NYSE: HLX) have given the company a recommendation that is, on average, a “Moderate Buy.” Regarding recommendations on the stock, five equity research analysts have suggested purchasing it, while only one has suggested selling it. One equity research analyst has recommended selling the stock. The stock currently has a price target of $7.71, the average price target that brokers who graded the stock in the previous year have assigned for the next 12 months.
Throughout the past few years, HLX publications have been distributed by many academic institutions. TheStreet changed the rating that it had previously assigned to Helix Energy Solutions Group shares from “d+” to “c-” in a report made public on Friday, October 28. The report was made available to the general public. StockNews.com downgraded Helix Energy Solutions Group from its previous rating of “hold” to “sell” in a report published on November 3 and made available to the public that same day. BTIG Research shifted its rating on Helix Energy Solutions Group from “neutral” to “buy” in a report released on Wednesday, October 26. They set their price objective for the company at $10.00. The report was published on Wednesday.
When trading started on Monday, the price of one share of HLX stock was $7.26. The company currently has a price-to-earnings ratio of -9.43, a beta value of 2.83, and a market capitalization of $1.10 billion. Over the previous twelve months, the price of one share of Helix Energy Solutions Group stock ranged from a low of $2.47 to a high of $7.54. The stock’s simple moving average for the past 50 days is currently sitting at $6.64, and the simple moving average for the past 200 days is currently sitting at $4.91. The debt-to-equity ratio is 0.15, the quick ratio is 1.44, the current ratio is 1.44, and the quick ratio is 1.44.
Helix Energy Solutions Group (NYSE: HLX) made the announcement regarding the outcomes of its earnings report for the third quarter on Monday, October 24. Earnings per share for the quarter reported by the oil and gas company came in at $0.10, which was $0.16 lower than the consensus estimate of $0.06. The sales for the company for the quarter came in at $272.55 million, which is a significant increase compared to the $228.18 million that analysts anticipated it would bring in. For the Helix Energy Solutions Group, the net margin and the return on equity were below zero, coming in at a negative 15.44% and 7.27%, respectively. Compared to the previous year’s results, the current year’s net income of $0.13 per share is comparable to the previous year’s results. According to forecasts provided by equity research firms, Helix Energy Solutions Group will finish the current fiscal year with a revenue loss of -0.39 cents per share.
On Monday, October 31, the Chief Operating Officer of the company, Scott Andrew Sparks, sold 26,000 shares of the company’s stock. This is another piece of news about the company. A total of 180,000 dollars’ worth of the company’s stock was traded for $6.93 per share, making the total value of the transaction $180,000.00. As a result of the successful transaction completion, the company’s chief operating officer is now the happy owner of 254,870 shares with a combined value of $1,766,249.10. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail. The company’s employees hold an ownership stake equal to 6.14 percent of the total business.
Recent months have seen several hedge funds adjust the HLX holdings contained within their respective portfolios. During the first quarter, JPMorgan Chase & Co. increased the amount of Helix Energy Solutions Group stock owned by 157.0%. JPMorgan Chase & Co. is the current owner of 1,173,934 shares of the oil and gas company. The current market value of these shares is $5,611,000. This is a direct result of the company purchasing 717,074 additional shares during the most recent fiscal quarter. During the first three months of 2018, the Bank of New York Mellon Corporation increased the total number of shares of Helix Energy Solutions Group, which is owned by 6.3%. The Bank of New York Mellon Corp. now has 6,810,612 shares of the oil and gas company’s stock, which has an estimated value of $32,555,000 after purchasing an additional 401,949 shares during the most recent quarter. This brings the total number of shares the corporation owns in the oil and gas company to 6,810,612. Private Advisor Group LLC spent $76,000 purchasing stock in Helix Energy Solutions Group during the first three months of the year. Citigroup, Inc. increased the proportion of Helix Energy Solutions Group stock owned by 11.9% during the first three months of the year. Citigroup Inc. now has a total of 123,076 shares in the oil and gas company, which are worth a combined total of $588,000 after the company made an additional purchase of 13,099 shares during the most recent quarter of the company’s fiscal year. And finally, during the first three months of this year, PNC Financial Services Group Inc. increased the number of shares of Helix Energy Solutions Group, which is owned by 39%, bringing its total ownership percentage to 100%. PNC Financial Services Group Inc. currently possesses 23,276 shares of the oil and gas company’s stock, collectively worth an amount equal to $110,000. This is a direct result of the company’s purchase of an additional 6,527 shares during the most recent fiscal quarter to bring its total number of shares held to a greater total. Institutional investors and hedge funds collectively hold 87.78% of the company’s common stock, making up the vast majority of the company’s ownership.
As a provider of offshore energy services, Helix Energy Solutions Group, Inc. primarily targets the offshore energy markets of Brazil, the Gulf of Mexico, the North Sea, Asia Pacific, and West Africa with its offerings. The business is organized into three distinct divisions: production facilities, robotics, and well-being intervention departments.
Source: news.google.com
