Helix Energy Solutions Group Inc. (NYSE:HLX) shares dropped 3.8% during trading on Wednesday . The company traded as low as $7.49 and last traded at $7.50, with a volume of 1,821,395 shares trading hands. The stock had previously closed at $7.80.

HLX has been the topic of a number of recent research reports. Simmons reaffirmed a “buy” rating and set a $9.10 price objective (up from $8.00) on shares of Helix Energy Solutions Group in a research note on Tuesday, June 21st. Iberia Capital raised Helix Energy Solutions Group to an “outperform” rating in a research note on Friday, August 19th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $10.00 price objective on shares of Helix Energy Solutions Group in a research note on Wednesday, July 20th. Stephens cut Helix Energy Solutions Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $9.00 to $8.00 in a research note on Friday, June 3rd. Finally, Clarkson Capital raised Helix Energy Solutions Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 26th. One 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’s stock. Helix Energy Solutions Group has an average rating of “Hold” and an average price target of $9.11.

The firm has a 50 day moving average price of $7.76 and a 200-day moving average price of $6.76. The stock’s market capitalization is $844.79 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, meeting analysts’ consensus estimates of ($0.10). During the same quarter in the previous year, the firm posted ($0.03) EPS. Equities research analysts predict that Helix Energy Solutions Group Inc. will post ($0.36) EPS for the current year.

An institutional investor recently raised its position in Helix Energy Solutions Group stock. Bank of Montreal Can increased its stake in 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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