Helix Energy Solutions Group Inc. (HLX) Trading Up 4.6%
Helix Energy Solutions Group Inc. (NYSE:HLX) shares were up 4.6% during trading on Monday . The stock traded as high as $8.18 and last traded at $8.18, with a volume of 566,085 shares changing hands. The stock had previously closed at $7.82.
Several research analysts have commented on HLX shares. Morgan Stanley raised their price objective 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. Stephens lowered Helix Energy Solutions Group from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $9.00 to $8.00 in a research report on Friday, June 3rd. Simmons reissued a “buy” rating and issued a $9.10 price objective (up from $8.00) on shares of Helix Energy Solutions Group in a research report on Tuesday, June 21st. Credit Suisse Group AG reissued a “buy” rating and issued a $10.00 price objective on shares of Helix Energy Solutions Group in a research report on Wednesday, July 20th. Finally, Clarkson Capital raised Helix Energy Solutions Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Helix Energy Solutions Group currently has an average rating of “Hold” and an average price target of $9.11.
The stock’s market capitalization is $907.87 million. The company has a 50-day moving average price of $7.54 and a 200-day moving average price of $6.43.
Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Tuesday, July 19th. The company reported ($0.10) EPS for the quarter, meeting the consensus estimate of ($0.10). During the same quarter in the previous year, the firm earned ($0.03) EPS. Analysts anticipate that Helix Energy Solutions Group Inc. will post ($0.36) EPS for the current fiscal year.
A hedge fund recently raised its stake in Helix Energy Solutions Group stock. Bank of Montreal Can increased its stake in shares of Helix Energy Solutions Group Inc. (NYSE:HLX) by 126.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 223,552 shares of the company’s stock after buying an additional 125,042 shares during the period. Bank of Montreal Can owned about 0.21% of Helix Energy Solutions Group worth $1,177,000 at the end of the most recent 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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