Helix Energy Solutions Group (NYSE:HLX) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.02 and traded as high as $9.29. Helix Energy Solutions Group shares last traded at $9.1650, with a volume of 1,386,952 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research report on Monday, December 29th. Zacks Research upgraded Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.50.

Helix Energy Solutions Group Trading Down 0.5%

The stock has a 50 day moving average of $7.86 and a 200 day moving average of $7.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a market cap of $1.35 billion, a P/E ratio of 43.64 and a beta of 1.21.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Monday, February 23rd. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.08. The firm had revenue of $334.16 million during the quarter, compared to analysts’ expectations of $304.67 million. Helix Energy Solutions Group had a return on equity of 2.88% and a net margin of 2.39%.Helix Energy Solutions Group’s revenue was down 5.9% compared to the same quarter last year. As a group, equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HLX. Quarry LP bought a new stake in shares of Helix Energy Solutions Group in the 4th quarter worth approximately $27,000. Bessemer Group Inc. lifted its stake in Helix Energy Solutions Group by 243.4% in the second quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 3,576 shares during the last quarter. Royal Bank of Canada boosted its position in Helix Energy Solutions Group by 175.9% during the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 4,458 shares during the period. AlphaQuest LLC grew its stake in shares of Helix Energy Solutions Group by 49.3% during the second quarter. AlphaQuest LLC now owns 8,877 shares of the oil and gas company’s stock valued at $55,000 after buying an additional 2,930 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC bought a new position in shares of Helix Energy Solutions Group during the third quarter valued at about $66,000. 91.33% of the stock is currently owned by institutional investors.

About Helix Energy Solutions Group

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.