Helix Energy Solutions Group (NYSE:HLX) Shares Pass Above 200-Day Moving Average – What’s Next?

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.63 and traded as high as $8.30. Helix Energy Solutions Group shares last traded at $8.0910, with a volume of 5,895,549 shares.

Wall Street Analyst Weigh In

HLX has been the subject of a number of recent research reports. Zacks Research upgraded shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Helix Energy Solutions Group in a report on Monday, December 29th. TD Cowen reissued a “buy” rating on shares of Helix Energy Solutions Group in a report on Friday, October 24th. Finally, Wall Street Zen upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.50.

Helix Energy Solutions Group Price Performance

The company has a market cap of $1.19 billion, a price-to-earnings ratio of 28.90 and a beta of 1.25. The company’s 50 day moving average price is $7.06 and its 200 day moving average price is $6.63. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19.

Hedge Funds Weigh In On Helix Energy Solutions Group

Several hedge funds and other institutional investors have recently bought and sold shares of HLX. Bessemer Group Inc. grew its holdings in Helix Energy Solutions Group by 243.4% in the second quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 3,576 shares during the last quarter. AlphaQuest LLC grew its stake in Helix Energy Solutions Group by 49.3% in the 2nd quarter. AlphaQuest LLC now owns 8,877 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 2,930 shares during the last quarter. Drucker Wealth 3.0 LLC purchased a new position in Helix Energy Solutions Group during the 3rd quarter valued at about $66,000. Ballentine Partners LLC acquired a new position in Helix Energy Solutions Group during the third quarter worth about $70,000. Finally, Strs Ohio acquired a new position in Helix Energy Solutions Group during the first quarter worth about $89,000. 91.33% of the stock is 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.