Helix Energy Solutions Group, Inc. (NYSE:HLX) Receives Average … – MarketBeat

Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $7.71.

Several research firms recently issued reports on HLX. TheStreet raised shares of Helix Energy Solutions Group from a “d+” rating to a “c-” rating in a report on Friday, October 28th. StockNews.com cut shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Thursday, November 3rd. Finally, BTIG Research raised shares of Helix Energy Solutions Group from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a report on Wednesday, October 26th.

Helix Energy Solutions Group Price Performance

Shares of HLX opened at $7.26 on Monday. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -9.43 and a beta of 2.83. Helix Energy Solutions Group has a fifty-two week low of $2.47 and a fifty-two week high of $7.54. The firm has a 50-day simple moving average of $6.64 and a 200-day simple moving average of $4.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.44 and a current ratio of 1.44.

Helix Energy Solutions Group (NYSE:HLX – Get Rating) last posted its quarterly earnings results on Monday, October 24th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.16). The firm had revenue of $272.55 million for the quarter, compared to analysts’ expectations of $228.18 million. Helix Energy Solutions Group had a negative return on equity of 7.27% and a negative net margin of 15.44%. During the same period in the prior year, the company earned ($0.13) earnings per share. On average, equities research analysts anticipate that Helix Energy Solutions Group will post -0.39 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Scott Andrew Sparks sold 26,000 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $6.93, for a total transaction of $180,180.00. Following the sale, the chief operating officer now owns 254,870 shares in the company, valued at $1,766,249.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Helix Energy Solutions Group

A number of hedge funds have recently made changes to their positions in HLX. JPMorgan Chase & Co. boosted its holdings in shares of Helix Energy Solutions Group by 157.0% in the 1st quarter. JPMorgan Chase & Co. now owns 1,173,934 shares of the oil and gas company’s stock valued at $5,611,000 after purchasing an additional 717,074 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Helix Energy Solutions Group by 6.3% in the 1st quarter. Bank of New York Mellon Corp now owns 6,810,612 shares of the oil and gas company’s stock valued at $32,555,000 after purchasing an additional 401,949 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Helix Energy Solutions Group in the 1st quarter valued at $76,000. Citigroup Inc. boosted its holdings in shares of Helix Energy Solutions Group by 11.9% in the 1st quarter. Citigroup Inc. now owns 123,076 shares of the oil and gas company’s stock valued at $588,000 after purchasing an additional 13,099 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Helix Energy Solutions Group by 39.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 23,276 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 6,527 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Helix Energy Solutions Group Company Profile

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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.