Helix Energy Solutions Group (NYSE:HLX) Stock Passes Above 200-Day Moving Average – Should You Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.51 and traded as high as $7.21. Helix Energy Solutions Group shares last traded at $7.09, with a volume of 1,094,235 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HLX shares. Zacks Research upgraded Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research report on Monday, December 29th. TD Cowen boosted their target price on shares of Helix Energy Solutions Group from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Cowen reaffirmed a “buy” rating on shares of Helix Energy Solutions Group in a research note on Friday, October 24th. Finally, Wall Street Zen upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $10.50.

Helix Energy Solutions Group Price Performance

The firm has a 50-day simple moving average of $6.75 and a 200-day simple moving average of $6.51. The firm has a market cap of $1.04 billion, a P/E ratio of 25.32 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 issued its quarterly earnings data on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. Helix Energy Solutions Group had a return on equity of 2.75% and a net margin of 3.25%.The firm had revenue of $376.96 million during the quarter, compared to analysts’ expectations of $361.93 million. Helix Energy Solutions Group’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling at Helix Energy Solutions Group

In other news, COO Scott Andrew Sparks sold 40,000 shares of Helix Energy Solutions Group stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $6.88, for a total value of $275,200.00. Following the transaction, the chief operating officer owned 301,042 shares of the company’s stock, valued at $2,071,168.96. The trade was a 11.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.37% of the company’s stock.

Institutional Investors Weigh In On Helix Energy Solutions Group

Several institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC increased its position in shares of Helix Energy Solutions Group by 530.1% during the first quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company’s stock worth $1,955,000 after purchasing an additional 197,882 shares in the last quarter. Caxton Associates LLP purchased a new position in Helix Energy Solutions Group during the 1st quarter worth $184,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Helix Energy Solutions Group by 9.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company’s stock worth $3,101,000 after buying an additional 32,643 shares during the last quarter. Jane Street Group LLC increased its position in Helix Energy Solutions Group by 1,836.3% during the 1st quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company’s stock valued at $3,143,000 after buying an additional 358,663 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Helix Energy Solutions Group in the first quarter valued at about $89,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

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.