Bank of America assumed coverage on shares of Helix Energy Solutions Group (NYSE:HLX) in a report released on Tuesday, The Fly reports. The brokerage set a “buy” rating on the oil and gas company’s stock.
HLX has been the topic of a number of other reports. Zacks Investment Research lowered shares of Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. ValuEngine downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $10.17.
NYSE:HLX traded up $0.18 on Tuesday, hitting $8.73. The stock had a trading volume of 5,396 shares, compared to its average volume of 1,253,182. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 45.84 and a beta of 2.77. The company has a fifty day moving average price of $8.37 and a two-hundred day moving average price of $7.97. Helix Energy Solutions Group has a 1-year low of $5.05 and a 1-year high of $9.85.
Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Monday, October 21st. The oil and gas company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. Helix Energy Solutions Group had a net margin of 4.88% and a return on equity of 2.20%. The firm had revenue of $212.61 million for the quarter, compared to analyst estimates of $211.72 million. During the same period in the prior year, the business posted $0.18 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, analysts anticipate that Helix Energy Solutions Group will post 0.34 earnings per share for the current year.
In other news, CFO Erik Staffeldt sold 17,027 shares of Helix Energy Solutions Group stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $9.50, for a total transaction of $161,756.50. Following the completion of the sale, the chief financial officer now directly owns 157,467 shares in the company, valued at $1,495,936.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nancy K. Quinn sold 12,677 shares of Helix Energy Solutions Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $9.58, for a total transaction of $121,445.66. Following the sale, the director now owns 104,466 shares of the company’s stock, valued at $1,000,784.28. The disclosure for this sale can be found here. Insiders sold 44,704 shares of company stock valued at $417,902 in the last quarter. Company insiders own 5.45% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Helix Energy Solutions Group in the 2nd quarter valued at about $95,000. Campbell & CO Investment Adviser LLC acquired a new position in Helix Energy Solutions Group in the third quarter worth approximately $101,000. Fox Run Management L.L.C. acquired a new position in Helix Energy Solutions Group in the second quarter worth approximately $106,000. First Citizens Bank & Trust Co. increased its holdings in Helix Energy Solutions Group by 11.3% in the third quarter. First Citizens Bank & Trust Co. now owns 13,504 shares of the oil and gas company’s stock worth $109,000 after buying an additional 1,373 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Helix Energy Solutions Group during the second quarter worth approximately $115,000. Hedge funds and other institutional investors own 93.76% of the company’s stock.
Helix Energy Solutions Group Company Profile
Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.
Read More: Reverse Stock Split
Receive News & Ratings for Helix Energy Solutions Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Helix Energy Solutions Group and related companies with MarketBeat.com’s FREE daily email newsletter.