TheStreet upgraded shares of Helix Energy Solutions Group (NYSE:HLX) from a c+ rating to a b- rating in a report released on Monday, November 18th, TheStreetRatingsTable reports.
A number of other brokerages have also recently weighed in on HLX. ValuEngine upgraded shares of Helix Energy Solutions Group from a sell rating to a hold rating in a report on Tuesday, November 19th. Bank of America restated a buy rating and issued a $11.00 price target on shares of Helix Energy Solutions Group in a research report on Tuesday, November 12th. Finally, Zacks Investment Research downgraded shares of Helix Energy Solutions Group from a strong-buy rating to a hold rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $10.38.
NYSE HLX traded up $0.16 on Monday, hitting $9.29. The stock had a trading volume of 1,453,454 shares, compared to its average volume of 1,101,399. Helix Energy Solutions Group has a one year low of $5.05 and a one year high of $9.85. 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 $1.36 billion, a price-to-earnings ratio of 48.89, a P/E/G ratio of 1.04 and a beta of 2.77. The company’s 50-day moving average is $8.66 and its two-hundred day moving average is $8.10.
Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results 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. The firm had revenue of $212.61 million during the quarter, compared to analysts’ expectations of $211.72 million. Helix Energy Solutions Group had a net margin of 4.88% and a return on equity of 2.20%. Helix Energy Solutions Group’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 EPS. On average, sell-side analysts anticipate that Helix Energy Solutions Group will post 0.35 earnings per share for the current year.
In other news, CFO Erik Staffeldt sold 17,027 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $9.50, for a total transaction of $161,756.50. Following the transaction, the chief financial officer now owns 157,467 shares in the company, valued at approximately $1,495,936.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Lovoi sold 15,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $8.98, for a total transaction of $134,700.00. Following the completion of the transaction, the director now owns 241,498 shares in the company, valued at $2,168,652.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,704 shares of company stock valued at $417,902. Insiders own 5.45% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Helix Energy Solutions Group during the 2nd quarter worth about $95,000. Fox Run Management L.L.C. bought a new position in Helix Energy Solutions Group during the 2nd quarter valued at about $106,000. Campbell & CO Investment Adviser LLC bought a new position in Helix Energy Solutions Group during the 3rd quarter valued at about $101,000. Virtu Financial LLC bought a new position in Helix Energy Solutions Group during the 3rd quarter valued at about $106,000. Finally, Acadian Asset Management LLC bought a new position in Helix Energy Solutions Group during the 2nd quarter valued at about $115,000. Institutional investors and hedge funds own 94.70% 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.
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