TD Cowen Boosts Helix Energy Solutions Group (NYSE:HLX) Price Target to $16.00

Helix Energy Solutions Group (NYSE:HLX) had its target price raised by TD Cowen from $15.00 to $16.00 in a report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the oil and gas company’s stock.

Helix Energy Solutions Group Stock Up 0.1 %

Shares of NYSE HLX opened at $11.46 on Tuesday. The stock has a market cap of $1.75 billion, a P/E ratio of -54.57 and a beta of 2.49. The firm has a 50 day moving average price of $11.06 and a 200 day moving average price of $10.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.74 and a current ratio of 1.74. Helix Energy Solutions Group has a 52-week low of $7.01 and a 52-week high of $12.14.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The business had revenue of $296.21 million during the quarter, compared to the consensus estimate of $303.00 million. Helix Energy Solutions Group had a positive return on equity of 3.22% and a negative net margin of 2.39%. Analysts expect that Helix Energy Solutions Group will post 0.39 EPS for the current year.

Insiders Place Their Bets

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 12,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $11.44, for a total transaction of $137,280.00. Following the sale, the chief operating officer now directly owns 282,634 shares of the company’s stock, valued at $3,233,332.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 141,879 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $11.83, for a total transaction of $1,678,428.57. Following the sale, the chief executive officer now directly owns 7,643,646 shares of the company’s stock, valued at $90,424,332.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Scott Andrew Sparks sold 12,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $11.44, for a total transaction of $137,280.00. Following the sale, the chief operating officer now directly owns 282,634 shares in the company, valued at $3,233,332.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,264 shares of company stock valued at $1,932,544. 6.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Helix Energy Solutions Group

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC acquired a new position in shares of Helix Energy Solutions Group in the fourth quarter valued at $44,000. Pineridge Advisors LLC acquired a new position in shares of Helix Energy Solutions Group in the fourth quarter valued at $54,000. Lindbrook Capital LLC increased its holdings in shares of Helix Energy Solutions Group by 1,037.6% in the first quarter. Lindbrook Capital LLC now owns 5,563 shares of the oil and gas company’s stock valued at $60,000 after purchasing an additional 5,074 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Helix Energy Solutions Group in the first quarter valued at $135,000. Finally, Syon Capital LLC acquired a new position in shares of Helix Energy Solutions Group in the fourth quarter valued at $138,000. 91.33% of the stock is currently 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.