Helix Energy Solutions Group Inc. (NYSE:HLX)’s share price traded down 7.9% during mid-day 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 equities analysts recently issued reports on the company. Clarkson Capital raised Helix Energy Solutions Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 26th. Stephens downgraded Helix Energy Solutions Group from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $9.00 to $8.00 in a research report on Friday, June 3rd. Simmons set a $10.00 target price on Helix Energy Solutions Group and gave the company a “buy” rating in a research report on Thursday, July 21st. Credit Suisse Group AG reissued a “buy” rating and issued a $10.00 target price on shares of Helix Energy Solutions Group in a research report on Wednesday, July 20th. Finally, Morgan Stanley upped their target price on Helix Energy Solutions Group from $11.00 to $14.50 and gave the company an “overweight” rating in a research report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Helix Energy Solutions Group presently has a consensus rating of “Hold” and an average target price of $9.11.

The firm’s market cap is $880.84 million. The company’s 50 day moving average price is $7.44 and its 200-day moving average price is $6.32.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data 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 quarter in the previous year, the firm earned ($0.03) EPS. On average, equities analysts predict that Helix Energy Solutions Group Inc. will post ($0.36) earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in HLX. Victory Capital Management Inc. boosted 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 valued at $22,837,000 after buying an additional 1,366,000 shares during the period. 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 worth $1,177,000 after buying an additional 125,042 shares during the period. Finally, 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 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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