Helix Energy Solutions Group Inc. (NYSE:HLX) traded down 10.1% during mid-day trading on Wednesday . The company traded as low as $7.02 and last traded at $7.12, with a volume of 1,691,945 shares trading hands. The stock had previously closed at $7.92.

A number of equities research analysts have recently issued reports on the stock. Stephens cut shares of Helix Energy Solutions Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $9.00 to $8.00 in a research report on Friday, June 3rd. Morgan Stanley reaffirmed a “buy” rating on shares of Helix Energy Solutions Group in a research note on Thursday, April 21st. Simmons reaffirmed a “buy” rating and issued a $9.10 price target (up previously from $8.00) on shares of Helix Energy Solutions Group in a research note on Tuesday, June 21st. Finally, Credit Suisse Group AG raised Helix Energy Solutions Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $5.00 to $10.00 in a research note on Tuesday, April 12th. One equities 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. Helix Energy Solutions Group presently has a consensus rating of “Hold” and a consensus target price of $9.01.

The company has a 50-day moving average of $7.44 and a 200 day moving average of $5.83. The firm’s market capitalization is $761.31 million.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Tuesday, April 19th. The company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.02. During the same quarter in the previous year, the company posted $0.19 EPS. The firm had revenue of $91 million for the quarter, compared to the consensus estimate of $106.49 million. The firm’s revenue was down 52.0% compared to the same quarter last year. On average, analysts forecast that Helix Energy Solutions Group Inc. will post ($0.39) EPS for the current year.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Guinness Asset Management Ltd increased its position 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 valued at $3,654,000 after buying an additional 132,965 shares during the last quarter. Victory Capital Management Inc. increased its position in Helix Energy Solutions Group by 45.9% in the fourth quarter. Victory Capital Management Inc. now owns 4,341,558 shares of the company’s stock valued at $22,837,000 after buying an additional 1,366,000 shares during the last quarter. Bank of Montreal Can increased its position 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 valued at $1,177,000 after buying an additional 125,042 shares during the last quarter. General American Investors Co. Inc. purchased a new position in Helix Energy Solutions Group during the fourth quarter valued at $5,675,000. Finally, Boston Partners increased its position in Helix Energy Solutions Group by 5.9% in the fourth quarter. Boston Partners now owns 2,304,155 shares of the company’s stock valued at $12,120,000 after buying an additional 128,465 shares during the last quarter.

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.

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