Shares of Helix Energy Solutions Group Inc. (NYSE:HLX) were down 2.7% during trading on Thursday . The company traded as low as $7.56 and last traded at $7.61, with a volume of 1,627,291 shares changing hands. The stock had previously closed at $7.82.

A number of analysts have recently commented on HLX shares. Morgan Stanley restated a “buy” rating on shares of Helix Energy Solutions Group in a report on Thursday, April 21st. Simmons set a $10.00 price target on shares of Helix Energy Solutions Group and gave the stock a “buy” rating in a research note on Thursday. Credit Suisse Group AG reiterated a “buy” rating and issued a $10.00 price target on shares of Helix Energy Solutions Group in a research note on Wednesday. Finally, Stephens cut shares of Helix Energy Solutions Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $9.00 to $8.00 in a research note on Friday, June 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $9.11.

The firm has a 50-day moving average price of $7.31 and a 200 day moving average price of $5.93. The firm’s market capitalization is $854.58 million.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Tuesday, July 19th. The company reported ($0.10) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.10). During the same period in the previous year, the business posted ($0.03) earnings per share. On average, equities research analysts forecast that Helix Energy Solutions Group Inc. will post ($0.40) earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its position in shares of 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 in the last quarter. General American Investors Co. Inc. purchased a new position in shares of Helix Energy Solutions Group during the fourth quarter valued at approximately $5,675,000. Guinness Asset Management Ltd raised its position 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 valued at $3,654,000 after buying an additional 132,965 shares in the last quarter. Boston Partners raised its position in shares of 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 in the last quarter. Finally, Bank of Montreal Can raised its position 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 valued at $1,177,000 after buying an additional 125,042 shares in 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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