Helix Energy Solutions Group (NYSE:HLX) Sets New 52-Week High – Should You Buy?

Helix Energy Solutions Group, Inc. (NYSE:HLX) hit a new 52-week high during trading on Thursday . The company traded as high as $9.00 and last traded at $8.9620, with a volume of 190790 shares changing hands. The stock had previously closed at $8.60.

Wall Street Analyst Weigh In

Several analysts have recently commented on HLX shares. Zacks Research raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research report on Monday, December 29th. TD Cowen reiterated a “buy” rating on shares of Helix Energy Solutions Group in a research note on Friday, October 24th. Finally, Wall Street Zen upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Helix Energy Solutions Group currently has an average rating of “Moderate Buy” and an average price target of $10.50.

Helix Energy Solutions Group Trading Down 1.6%

The stock has a market cap of $1.32 billion, a PE ratio of 31.98 and a beta of 1.25. The company has a 50 day moving average of $7.39 and a two-hundred day moving average of $6.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.54 and a current ratio of 2.54.

Institutional Investors Weigh In On Helix Energy Solutions Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLX. State Street Corp lifted its holdings in Helix Energy Solutions Group by 6.3% during the fourth quarter. State Street Corp now owns 6,263,543 shares of the oil and gas company’s stock valued at $39,272,000 after purchasing an additional 372,115 shares in the last quarter. American Century Companies Inc. raised its position in shares of Helix Energy Solutions Group by 4.5% during the 3rd quarter. American Century Companies Inc. now owns 5,399,153 shares of the oil and gas company’s stock worth $35,418,000 after purchasing an additional 230,668 shares during the last quarter. Invesco Ltd. lifted its stake in Helix Energy Solutions Group by 58.6% in the 4th quarter. Invesco Ltd. now owns 4,968,078 shares of the oil and gas company’s stock valued at $31,150,000 after buying an additional 1,835,536 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Helix Energy Solutions Group by 109.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,804,147 shares of the oil and gas company’s stock worth $31,515,000 after buying an additional 2,514,402 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Helix Energy Solutions Group by 893.7% during the 3rd quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock worth $26,409,000 after buying an additional 3,620,563 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.