Shares of Helix Energy Solutions Group Inc. (NYSE:HLX) rose 6% during mid-day trading on Tuesday . The stock traded as high as $7.32 and last traded at $7.25, with a volume of 1,152,706 shares. The stock had previously closed at $6.84.

HLX has been the topic of several recent research reports. Credit Suisse Group AG raised Helix Energy Solutions Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $5.00 to $10.00 in a report on Tuesday, April 12th. Morgan Stanley increased their price target on Helix Energy Solutions Group from $11.00 to $14.50 and gave the company an “overweight” rating in a report on Tuesday, April 19th. Stephens lowered Helix Energy Solutions Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $9.00 to $8.00 in a report on Friday, June 3rd. Finally, Simmons restated a “buy” rating and set a $9.10 price target (up previously from $8.00) on shares of Helix Energy Solutions Group in a report on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.01.

The firm’s market cap is $763.46 million. The firm has a 50 day moving average price of $7.33 and a 200-day moving average price of $5.88.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Tuesday, April 19th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.02. The firm earned $91 million during the quarter, compared to analyst estimates of $106.49 million. The business’s revenue was down 52.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. Equities research analysts expect that Helix Energy Solutions Group Inc. will post ($0.40) EPS for the current year.

Several hedge funds have recently modified their holdings of HLX. California State Teachers Retirement System raised its stake in shares of 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 in the last quarter. Bank of Montreal Can raised its stake in shares of 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 shares of 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. Guinness Asset Management Ltd raised its stake in shares of 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. Finally, General American Investors Co. Inc. purchased a new stake in shares of Helix Energy Solutions Group during the fourth quarter worth about $5,675,000.

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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