Shares of Helix Energy Solutions Group Inc. (NYSE:HLX) shot up 7.3% during trading on Tuesday . The company traded as high as $7.88 and last traded at $7.82, with a volume of 965,121 shares traded. The stock had previously closed at $7.29.

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

The firm’s market cap is $761.31 million. The firm’s 50-day moving average price is $7.43 and its 200 day moving average price is $5.84.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Tuesday, April 19th. The company reported ($0.26) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.02. The business had revenue of $91 million for the quarter, compared to the consensus estimate of $106.49 million. During the same quarter last year, the company earned $0.19 earnings per share. The firm’s revenue was down 52.0% on a year-over-year basis. Analysts expect that Helix Energy Solutions Group Inc. will post ($0.39) EPS for the current fiscal year.

A number of large investors have added to or reduced their stakes in HLX. Victory Capital Management Inc. raised its stake 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 worth $22,837,000 after buying an additional 1,366,000 shares during the period. Boston Partners raised its stake 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 worth $12,120,000 after buying an additional 128,465 shares during the period. 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 during the period. 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 worth $1,032,000 after buying an additional 3,549 shares during the period. Finally, 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 during the period.

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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