Shares of Helix Energy Solutions Group Inc. (NYSE:HLX) traded down 9.3% during trading on Tuesday . The stock traded as low as $6.69 and last traded at $6.74, with a volume of 1,002,465 shares traded. The stock had previously closed at $7.43.

Several analysts have commented on the stock. Morgan Stanley reaffirmed a “buy” rating on shares of Helix Energy Solutions Group in a research note on Thursday, April 21st. Stephens cut shares of Helix Energy Solutions Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $9.00 to $8.00 in a research note on Friday, June 3rd. Simmons reaffirmed a “buy” rating and issued a $9.10 target price (up from $8.00) on shares of Helix Energy Solutions Group in a research note on Tuesday, June 21st. Finally, Credit Suisse Group AG raised shares of Helix Energy Solutions Group from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $5.00 to $10.00 in a research note on Tuesday, April 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $9.01.

The firm’s 50-day moving average is $7.43 and its 200-day moving average is $5.76. The firm’s market cap is $774.22 million.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Tuesday, April 19th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.02. The business had revenue of $91 million for the quarter, compared to analyst estimates of $106.49 million. During the same period in the prior year, the company earned $0.19 earnings per share. The firm’s revenue for the quarter was down 52.0% on a year-over-year basis. Equities research analysts forecast that Helix Energy Solutions Group Inc. will post ($0.34) earnings per share for the current fiscal year.

Other hedge funds have added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in Helix Energy Solutions Group by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 196,287 shares of the company’s stock valued at $1,032,000 after buying an additional 3,549 shares in the last quarter. Tieton Capital Management LLC raised its stake in Helix Energy Solutions Group by 1.0% in the fourth quarter. Tieton Capital Management LLC now owns 206,491 shares of the company’s stock worth $1,086,000 after buying an additional 2,000 shares in the last quarter. Bank of Montreal Can raised its stake in Helix Energy Solutions Group by 126.9% in the fourth quarter. Bank of Montreal Can now owns 223,552 shares of the company’s stock worth $1,177,000 after buying an additional 125,042 shares in the last quarter. California Public Employees Retirement System raised its stake in Helix Energy Solutions Group by 17.5% in the fourth quarter. California Public Employees Retirement System now owns 629,123 shares of the company’s stock worth $3,309,000 after buying an additional 93,600 shares in the last quarter. Finally, Guinness Asset Management Ltd raised its stake in Helix Energy Solutions Group by 23.7% in the fourth quarter. Guinness Asset Management Ltd now owns 694,595 shares of the company’s stock worth $3,654,000 after buying an additional 132,965 shares in the last quarter.

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company operates in four business segments: Well Intervention, Robotics, Production Facilities and Subsea Construction. Well Intervention segment includes its vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions.

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