EP Wealth Advisors LLC Buys New Shares in Helix Energy Solutions Group, Inc. $HLX

EP Wealth Advisors LLC bought a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 55,169 shares of the oil and gas company’s stock, valued at approximately $482,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in shares of Helix Energy Solutions Group by 530.1% in the 1st quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company’s stock valued at $1,955,000 after acquiring an additional 197,882 shares during the period. Caxton Associates LLP bought a new stake in shares of Helix Energy Solutions Group in the 1st quarter valued at about $184,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Helix Energy Solutions Group by 9.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company’s stock valued at $3,101,000 after purchasing an additional 32,643 shares during the period. Jane Street Group LLC lifted its stake in Helix Energy Solutions Group by 1,836.3% in the 1st quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company’s stock valued at $3,143,000 after purchasing an additional 358,663 shares during the last quarter. Finally, Strs Ohio bought a new position in Helix Energy Solutions Group during the first quarter worth about $89,000. 91.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen lowered 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 equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Helix Energy Solutions Group currently has an average rating of “Hold” and an average target price of $14.00.

Helix Energy Solutions Group Stock Performance

NYSE HLX opened at $9.99 on Wednesday. The stock has a market cap of $1.47 billion, a PE ratio of 37.01 and a beta of 1.14. 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 firm has a 50-day moving average of $9.42 and a 200-day moving average of $9.48. Helix Energy Solutions Group, Inc. has a 52-week low of $6.03 and a 52-week high of $10.75.

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

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.