Helix Energy Solutions Group (NYSE:HLX) Share Price Passes Above 200 Day Moving Average – What’s Next?

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HLX shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Helix Energy Solutions Group in a report on Monday, December 29th. Wall Street Zen raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. TD Cowen restated a “buy” rating on shares of Helix Energy Solutions Group in a research report on Friday, October 24th. Finally, Zacks Research raised Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Two investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.50.

Helix Energy Solutions Group Stock Up 5.8%

The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 30.57 and a beta of 1.25. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average of $7.10 and a two-hundred day moving average of $6.65.

Hedge Funds Weigh In On Helix Energy Solutions Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Helix Energy Solutions Group by 7.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,953 shares of the oil and gas company’s stock worth $162,000 after acquiring an additional 1,781 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in Helix Energy Solutions Group by 6.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 31,179 shares of the oil and gas company’s stock valued at $195,000 after purchasing an additional 1,912 shares in the last quarter. Comerica Bank increased its position in Helix Energy Solutions Group by 2.6% in the 4th quarter. Comerica Bank now owns 80,619 shares of the oil and gas company’s stock worth $505,000 after purchasing an additional 2,014 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Helix Energy Solutions Group by 10.0% during the 2nd quarter. Corient Private Wealth LLC now owns 24,104 shares of the oil and gas company’s stock worth $150,000 after purchasing an additional 2,183 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Helix Energy Solutions Group by 6.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,570 shares of the oil and gas company’s stock worth $228,000 after purchasing an additional 2,354 shares in the last quarter. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Company Profile

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.