Cowen and Company Reiterates “$9.00” Price Target for Helix Energy Solutions Group, Inc. (NYSE:HLX)

Cowen and Company set a $9.00 price target on Helix Energy Solutions Group, Inc. (NYSE:HLX) in a report published on Friday, October 6th. The firm currently has a buy rating on the oil and gas company’s stock.

Other analysts have also recently issued reports about the company. Zacks Investment Research raised Helix Energy Solutions Group from a sell rating to a hold rating in a report on Thursday, July 27th. Piper Jaffray Companies downgraded Helix Energy Solutions Group from an overweight rating to a neutral rating and raised their price objective for the company from $7.00 to $7.30 in a research note on Wednesday, September 27th. Bank of America Corporation initiated coverage on Helix Energy Solutions Group in a research note on Tuesday, September 5th. They issued a neutral rating and a $7.00 price objective for the company. Morgan Stanley reissued an overweight rating and set a $8.00 price target (down previously from $15.00) on shares of Helix Energy Solutions Group in a research report on Wednesday, June 21st. Finally, BidaskClub raised Helix Energy Solutions Group from a strong sell rating to a sell rating in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Helix Energy Solutions Group has a consensus rating of Hold and a consensus price target of $9.33.

Shares of Helix Energy Solutions Group (NYSE:HLX) opened at 7.88 on Friday. Helix Energy Solutions Group has a 52-week low of $4.82 and a 52-week high of $11.87. The stock has a 50 day moving average price of $7.10 and a 200-day moving average price of $6.29. The stock’s market capitalization is $1.16 billion.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Sunday, July 23rd. The oil and gas company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $150.30 million during the quarter, compared to analyst estimates of $141.03 million. Helix Energy Solutions Group had a negative net margin of 12.09% and a negative return on equity of 1.21%. The firm’s quarterly revenue was up 40.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.10) earnings per share. On average, equities research analysts anticipate that Helix Energy Solutions Group will post ($0.14) EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Helix Energy Solutions Group by 31,634.0% in the first quarter. BlackRock Inc. now owns 17,588,903 shares of the oil and gas company’s stock valued at $136,665,000 after purchasing an additional 17,533,477 shares during the period. Vanguard Group Inc. grew its position in shares of Helix Energy Solutions Group by 3.9% in the second quarter. Vanguard Group Inc. now owns 13,135,138 shares of the oil and gas company’s stock valued at $74,082,000 after purchasing an additional 487,976 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Helix Energy Solutions Group by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 12,407,257 shares of the oil and gas company’s stock valued at $69,976,000 after purchasing an additional 1,065,628 shares during the period. GMT Capital Corp grew its position in shares of Helix Energy Solutions Group by 10.5% in the second quarter. GMT Capital Corp now owns 8,209,023 shares of the oil and gas company’s stock valued at $42,441,000 after purchasing an additional 777,000 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Helix Energy Solutions Group by 4.5% in the second quarter. Victory Capital Management Inc. now owns 6,082,041 shares of the oil and gas company’s stock valued at $34,303,000 after purchasing an additional 259,463 shares during the period. 86.85% of the stock is owned by institutional investors and hedge funds.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.

Analyst Recommendations for Helix Energy Solutions Group (NYSE:HLX)

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