Piper Jaffray Companies set a $7.00 price objective on Helix Energy Solutions Group (NYSE:HLX) in a research note released on Monday morning. The brokerage currently has a hold rating on the oil and gas company’s stock.

HLX has been the topic of several other reports. Capital One Financial restated an overweight rating on shares of Helix Energy Solutions Group in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of Helix Energy Solutions Group from a hold rating to a sell rating in a report on Tuesday, October 24th. Cowen set a $9.00 price objective on shares of Helix Energy Solutions Group and gave the stock a buy rating in a report on Friday, October 6th. Finally, Bank of America started coverage on shares of Helix Energy Solutions Group in a report on Tuesday, September 5th. They issued a neutral rating and a $7.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Helix Energy Solutions Group currently has a consensus rating of Hold and a consensus target price of $8.50.

Helix Energy Solutions Group (NYSE:HLX) traded down $0.06 during trading on Monday, hitting $7.58. 1,027,800 shares of the stock traded hands, compared to its average volume of 1,994,830. Helix Energy Solutions Group has a twelve month low of $4.82 and a twelve month high of $9.82. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 2.02. The stock has a market cap of $1,119.72, a PE ratio of -12.85 and a beta of 2.60.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Helix Energy Solutions Group had a negative net margin of 13.72% and a negative return on equity of 1.80%. The business had revenue of $163.30 million during the quarter, compared to analysts’ expectations of $168.97 million. During the same quarter in the prior year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. research analysts forecast that Helix Energy Solutions Group will post -0.14 earnings per share for the current year.

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $6.75, for a total transaction of $67,500.00. Following the sale, the chief operating officer now directly owns 151,530 shares in the company, valued at approximately $1,022,827.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Anthony Tripodo sold 6,466 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $6.92, for a total transaction of $44,744.72. Following the sale, the executive vice president now owns 318,937 shares in the company, valued at $2,207,044.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,734 shares of company stock worth $196,079. Company insiders own 5.70% of the company’s stock.

Large investors have recently made changes to their positions in the business. BlueCrest Capital Management Ltd increased its position in shares of Helix Energy Solutions Group by 120.2% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 674,578 shares of the oil and gas company’s stock valued at $3,805,000 after purchasing an additional 368,282 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Helix Energy Solutions Group by 67.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 72,888 shares of the oil and gas company’s stock valued at $539,000 after buying an additional 29,416 shares during the last quarter. Shell Asset Management Co. grew its position in shares of Helix Energy Solutions Group by 97.8% in the 3rd quarter. Shell Asset Management Co. now owns 137,199 shares of the oil and gas company’s stock valued at $3,027,000 after buying an additional 67,844 shares during the last quarter. South Dakota Investment Council grew its position in shares of Helix Energy Solutions Group by 68.0% in the 3rd quarter. South Dakota Investment Council now owns 214,249 shares of the oil and gas company’s stock valued at $1,583,000 after buying an additional 86,749 shares during the last quarter. Finally, 361 Capital LLC purchased a new position in shares of Helix Energy Solutions Group in the 3rd quarter valued at $2,352,000. 85.92% of the stock is currently owned by institutional investors.

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Helix Energy Solutions Group Company Profile

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.

Analyst Recommendations for Helix Energy Solutions Group (NYSE:HLX)

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