Several other research firms have also weighed in on HLX. Bank of America reissued a buy rating and set a $11.00 price target on shares of Helix Energy Solutions Group in a research report on Tuesday, November 12th. Zacks Investment Research lowered Helix Energy Solutions Group from a strong-buy rating to a hold rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Helix Energy Solutions Group has a consensus rating of Buy and an average price target of $10.38.
Shares of Helix Energy Solutions Group stock traded up $0.05 during trading on Tuesday, hitting $9.34. The stock had a trading volume of 768,922 shares, compared to its average volume of 820,631. Helix Energy Solutions Group has a fifty-two week low of $5.05 and a fifty-two week high of $9.85. The firm has a market cap of $1.38 billion, a P/E ratio of 49.16, a PEG ratio of 1.06 and a beta of 2.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 1.64. The business has a fifty day moving average of $8.67 and a two-hundred day moving average of $8.13.
Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Monday, October 21st. The oil and gas company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $212.61 million during the quarter, compared to the consensus estimate of $211.72 million. Helix Energy Solutions Group had a return on equity of 2.20% and a net margin of 4.88%. Helix Energy Solutions Group’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 earnings per share. As a group, research analysts forecast 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 dated Monday, September 16th. The stock was 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 of the company’s stock, valued at approximately $1,495,936.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Lovoi sold 15,000 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $8.98, for a total value of $134,700.00. Following the transaction, the director now directly owns 241,498 shares in the company, valued at approximately $2,168,652.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,444 shares of company stock worth $527,906. Insiders own 5.45% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. State of Tennessee Treasury Department increased its holdings in shares of Helix Energy Solutions Group by 32.6% during the 3rd quarter. State of Tennessee Treasury Department now owns 103,106 shares of the oil and gas company’s stock valued at $831,000 after acquiring an additional 25,374 shares during the last quarter. Rhumbline Advisers boosted its stake in Helix Energy Solutions Group by 6.8% during the 3rd quarter. Rhumbline Advisers now owns 485,719 shares of the oil and gas company’s stock valued at $3,915,000 after purchasing an additional 31,004 shares during the period. California Public Employees Retirement System boosted its stake in Helix Energy Solutions Group by 19.7% during the 3rd quarter. California Public Employees Retirement System now owns 293,413 shares of the oil and gas company’s stock valued at $2,365,000 after purchasing an additional 48,232 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Helix Energy Solutions Group during the 2nd quarter valued at approximately $95,000. Finally, Mason Street Advisors LLC boosted its stake in Helix Energy Solutions Group by 2.8% during the 3rd quarter. Mason Street Advisors LLC now owns 47,989 shares of the oil and gas company’s stock valued at $387,000 after purchasing an additional 1,302 shares during the period. 94.70% of the stock is currently owned by institutional investors and hedge funds.
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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