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

Helix Energy Solutions Group, Inc. (NYSE:HLX) has earned an average rating of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $10.50.

Several brokerages recently weighed in on HLX. Wall Street Zen upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. TD Cowen boosted their target price on shares of Helix Energy Solutions Group from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Cowen reissued a “buy” rating on shares of Helix Energy Solutions Group in a research note on Friday, October 24th. Zacks Research raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research report on Monday, December 29th.

Insider Buying and Selling at Helix Energy Solutions Group

In other news, COO Scott Andrew Sparks sold 40,000 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $6.88, for a total transaction of $275,200.00. Following the transaction, the chief operating officer owned 301,042 shares of the company’s stock, valued at approximately $2,071,168.96. This represents a 11.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its holdings in Helix Energy Solutions Group by 2.8% during the second quarter. American Century Companies Inc. now owns 5,168,485 shares of the oil and gas company’s stock valued at $32,251,000 after buying an additional 138,374 shares during the period. Cresset Asset Management LLC lifted its holdings in Helix Energy Solutions Group by 1,671.0% during the second quarter. Cresset Asset Management LLC now owns 193,087 shares of the oil and gas company’s stock worth $1,205,000 after buying an additional 182,184 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Helix Energy Solutions Group during the 2nd quarter valued at $92,000. CenterBook Partners LP increased its holdings in shares of Helix Energy Solutions Group by 37.1% in the 2nd quarter. CenterBook Partners LP now owns 1,090,823 shares of the oil and gas company’s stock valued at $6,807,000 after acquiring an additional 295,135 shares during the period. Finally, Cerity Partners LLC bought a new position in shares of Helix Energy Solutions Group in the 2nd quarter worth $8,108,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Price Performance

NYSE:HLX opened at $7.20 on Friday. The business’s 50-day moving average is $6.73 and its 200 day moving average is $6.50. Helix Energy Solutions Group has a 12 month low of $5.52 and a 12 month high of $9.18. The company has a market capitalization of $1.06 billion, a P/E ratio of 25.70 and a beta of 1.25. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19.

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

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.