Jupiter Topco LLC Takes Position in Helix Energy Solutions Group, Inc. $HLX

Jupiter Topco LLC bought a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 875,202 shares of the oil and gas company’s stock, valued at approximately $7,650,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new stake in Helix Energy Solutions Group in the 4th quarter valued at about $27,000. Royal Bank of Canada boosted its stake in shares of Helix Energy Solutions Group by 175.9% in the 4th 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. XTX Topco Ltd acquired a new position in shares of Helix Energy Solutions Group during the second quarter worth about $80,000. CIBC Asset Management Inc purchased a new stake in shares of Helix Energy Solutions Group during the fourth quarter worth approximately $85,000. Finally, Graham Capital Management L.P. purchased a new stake in shares of Helix Energy Solutions Group during the fourth quarter worth approximately $85,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Stock Performance

Shares of Helix Energy Solutions Group stock opened at $10.14 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.47 and a current ratio of 3.47. The company has a market capitalization of $1.49 billion, a P/E ratio of 37.56 and a beta of 1.14. Helix Energy Solutions Group, Inc. has a 1 year low of $6.03 and a 1 year high of $10.75. The company’s fifty day moving average is $9.50 and its two-hundred day moving average is $9.51.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Thursday, August 6th. The oil and gas company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.95%. The business had revenue of $304.02 million during the quarter, compared to analysts’ expectations of $314.56 million. Analysts forecast that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on HLX. Wall Street Zen cut Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings raised Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $14.00.

Helix Energy Solutions Group 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.