Helix Energy Solutions Group Inc. (NYSE:HLX)’s share price fell 7.9% during trading on Friday . The stock traded as low as $7.65 and last traded at $7.73, with a volume of 1,062,504 shares changing hands. The stock had previously closed at $8.39.

Several brokerages have recently commented on HLX. Credit Suisse Group AG reiterated a “buy” rating and set a $10.00 price objective on shares of Helix Energy Solutions Group in a research report on Wednesday, July 20th. Stephens cut Helix Energy Solutions Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $9.00 to $8.00 in a report on Friday, June 3rd. Morgan Stanley restated a “buy” rating on shares of Helix Energy Solutions Group in a report on Thursday, April 21st. Simmons restated a “buy” rating and set a $9.10 target price (up from $8.00) on shares of Helix Energy Solutions Group in a report on Tuesday, June 21st. Finally, Clarkson Capital upgraded Helix Energy Solutions Group from a “neutral” rating to a “buy” rating in a report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Helix Energy Solutions Group presently has an average rating of “Hold” and a consensus price target of $9.11.

The firm has a 50 day moving average of $7.41 and a 200-day moving average of $6.29. The firm’s market capitalization is $880.84 million.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Tuesday, July 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.10). During the same period in the prior year, the firm earned ($0.03) earnings per share. On average, equities analysts forecast that Helix Energy Solutions Group Inc. will post ($0.36) earnings per share for the current year.

Other large investors have recently modified their holdings of the company. Bank of Montreal Can boosted 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 valued at $1,177,000 after buying an additional 125,042 shares during the period. California Public Employees Retirement System boosted 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 valued at $3,309,000 after buying an additional 93,600 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake 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 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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