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

HLX has been the subject of several recent analyst reports. Morgan Stanley upgraded shares of Helix Energy Solutions Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $8.00 to $10.00 in a research report on Thursday, March 17th. Credit Suisse Group AG upgraded shares of Helix Energy Solutions Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $5.00 to $10.00 in a research report on Tuesday, April 12th. Stephens cut shares of Helix Energy Solutions Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $9.00 to $8.00 in a research report on Friday, June 3rd. Finally, Simmons restated a “buy” rating and issued a $9.10 target price (up previously from $8.00) on shares of Helix Energy Solutions Group in a research report on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.01.

The company’s market capitalization is $703.25 million. The stock’s 50-day moving average is $7.40 and its 200-day moving average is $5.84.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Tuesday, April 19th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the business posted $0.19 earnings per share. Helix Energy Solutions Group’s revenue was down 52.0% on a year-over-year basis. On average, equities analysts anticipate that Helix Energy Solutions Group Inc. will post ($0.39) EPS for the current fiscal year.

Several institutional investors have added to or reduced their stakes in the company. California State Teachers Retirement System increased its position 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 last quarter. California Public Employees Retirement System increased its position 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 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 worth $1,177,000 after buying an additional 125,042 shares during the last quarter. 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 worth $12,120,000 after buying an additional 128,465 shares during the last quarter. Finally, 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 worth $3,654,000 after buying an additional 132,965 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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