Helix Energy Solutions Group (NYSE:HLX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Helix Energy Solutions Group (NYSE:HLX) from a hold rating to a buy rating in a report released on Saturday.

HLX has been the topic of several other research reports. TD Cowen lifted their price objective on Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Helix Energy Solutions Group in a report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.00.

Helix Energy Solutions Group Stock Performance

Shares of Helix Energy Solutions Group stock opened at $10.00 on Friday. The stock’s fifty day simple moving average is $9.27 and its 200 day simple moving average is $9.29. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.47 billion, a PE ratio of 37.04 and a beta of 1.14. Helix Energy Solutions Group has a 12 month low of $5.58 and a 12 month high of $10.75.

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

Institutional Trading of Helix Energy Solutions Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP acquired a new position in shares of Helix Energy Solutions Group during the fourth quarter worth about $27,000. Royal Bank of Canada grew its holdings in shares of 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 worth $44,000 after buying an additional 4,458 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new stake in Helix Energy Solutions Group in the 4th quarter valued at approximately $74,000. XTX Topco Ltd acquired a new stake in Helix Energy Solutions Group in the 2nd quarter valued at approximately $80,000. Finally, Inscription Capital LLC bought a new stake in Helix Energy Solutions Group in the 4th quarter valued at approximately $83,000. Institutional investors and hedge funds 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.