Helix Energy Solutions Group (NYSE:HLX) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Helix Energy Solutions Group (NYSE:HLX) from a sell rating to a hold rating in a report published on Saturday.

A number of other equities analysts have also weighed in on HLX. Raymond James assumed coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 target price for the company. TD Cowen decreased their price objective on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, BTIG Research cut Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th.

Helix Energy Solutions Group Stock Up 1.6 %

HLX opened at $9.37 on Friday. Helix Energy Solutions Group has a twelve month low of $8.82 and a twelve month high of $13.05. The company’s 50-day moving average price is $10.17 and its two-hundred day moving average price is $10.87. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 234.31 and a beta of 2.43. 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 earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $342.42 million during the quarter, compared to the consensus estimate of $354.74 million. During the same period last year, the business posted $0.19 earnings per share. As a group, equities analysts expect that Helix Energy Solutions Group will post 0.29 earnings per share for the current year.

Insider Activity

In related news, CEO Owen E. Kratz sold 298,419 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the transaction, the chief executive officer now owns 7,171,860 shares in the company, valued at $85,488,571.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing 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

Hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. grew its holdings in Helix Energy Solutions Group by 54.3% in the third quarter. Victory Capital Management Inc. now owns 80,934 shares of the oil and gas company’s stock worth $898,000 after purchasing an additional 28,466 shares during the period. Entropy Technologies LP purchased a new position in Helix Energy Solutions Group during the third quarter valued at $157,000. Assetmark Inc. bought a new stake in Helix Energy Solutions Group in the third quarter worth $33,000. Principal Financial Group Inc. grew its stake in shares of Helix Energy Solutions Group by 38.6% in the third quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company’s stock worth $22,919,000 after acquiring an additional 575,450 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Helix Energy Solutions Group by 31.3% in the 3rd quarter. US Bancorp DE now owns 49,512 shares of the oil and gas company’s stock worth $550,000 after purchasing an additional 11,804 shares during the last quarter. Institutional investors 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.