Helix Energy Solutions Group, Inc. (NYSE:HLX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) have received an average recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $10.50.

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Helix Energy Solutions Group in a research note on Monday. Zacks Research raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Wall Street Zen raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Cowen reissued a “buy” rating on shares of Helix Energy Solutions Group in a research note on Friday, October 24th. Finally, TD Cowen upped their price target on Helix Energy Solutions Group from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, October 24th.

Insider Activity

In related news, COO Scott Andrew Sparks sold 40,000 shares of Helix Energy Solutions Group stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $6.88, for a total transaction of $275,200.00. Following the completion of the transaction, the chief operating officer owned 301,042 shares in the company, valued at approximately $2,071,168.96. This trade represents a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.37% of the company’s stock.

Hedge Funds Weigh In On Helix Energy Solutions Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Helix Energy Solutions Group by 1.5% in the first quarter. Vanguard Group Inc. now owns 14,257,726 shares of the oil and gas company’s stock valued at $118,482,000 after purchasing an additional 208,288 shares during the period. American Century Companies Inc. grew its stake in Helix Energy Solutions Group by 4.5% in the 3rd quarter. American Century Companies Inc. now owns 5,399,153 shares of the oil and gas company’s stock valued at $35,418,000 after buying an additional 230,668 shares during the last quarter. Encompass Capital Advisors LLC raised its holdings in Helix Energy Solutions Group by 24.3% in the 1st quarter. Encompass Capital Advisors LLC now owns 5,099,383 shares of the oil and gas company’s stock valued at $42,376,000 after acquiring an additional 996,088 shares during the period. Principal Financial Group Inc. lifted its position in Helix Energy Solutions Group by 109.8% during the third quarter. Principal Financial Group Inc. now owns 4,804,147 shares of the oil and gas company’s stock worth $31,515,000 after acquiring an additional 2,514,402 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Helix Energy Solutions Group by 893.7% during the third quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock worth $26,409,000 after acquiring an additional 3,620,563 shares during the period. 91.33% of the stock is owned by institutional investors.

Helix Energy Solutions Group Stock Performance

Shares of Helix Energy Solutions Group stock opened at $6.59 on Wednesday. The stock’s fifty day simple moving average is $6.71 and its 200 day simple moving average is $6.52. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $968.52 million, a PE ratio of 23.52 and a beta of 1.26. Helix Energy Solutions Group has a 12 month low of $5.52 and a 12 month high of $9.75.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $376.96 million during the quarter, compared to the consensus estimate of $361.93 million. Helix Energy Solutions Group had a return on equity of 2.75% and a net margin of 3.25%.The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, research analysts predict that Helix Energy Solutions Group will post 0.26 EPS for the current year.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.