Helix Energy Solutions Group (NYSE:HLX) Shares Pass Above 200 Day Moving Average – Time to Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.25 and traded as high as $10.36. Helix Energy Solutions Group shares last traded at $10.0350, with a volume of 2,012,496 shares traded.

Analysts Set New Price Targets

A number of brokerages recently commented on HLX. Weiss Ratings downgraded Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. TD Cowen boosted their price target on Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.50.

Helix Energy Solutions Group Stock Up 0.2%

The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.19. The stock has a 50-day simple moving average of $9.75 and a 200-day simple moving average of $8.26. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 100.56 and a beta of 1.16.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). Helix Energy Solutions Group had a return on equity of 1.82% and a net margin of 1.10%.The company had revenue of $287.95 million during the quarter, compared to analyst estimates of $260.89 million. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts predict that Helix Energy Solutions Group, Inc. will post 0.33 EPS for the current year.

Institutional Trading of Helix Energy Solutions Group

Institutional investors have recently modified their holdings of the company. Millennium Management LLC boosted its position in shares of Helix Energy Solutions Group by 893.7% in the 3rd quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock valued at $26,409,000 after purchasing an additional 3,620,563 shares during the period. Principal Financial Group Inc. raised its holdings in Helix Energy Solutions Group by 109.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,804,147 shares of the oil and gas company’s stock worth $31,515,000 after buying an additional 2,514,402 shares during the period. Invesco Ltd. raised its holdings in Helix Energy Solutions Group by 219.2% during the 2nd quarter. Invesco Ltd. now owns 3,198,950 shares of the oil and gas company’s stock worth $19,961,000 after buying an additional 2,196,916 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in Helix Energy Solutions Group during the 2nd quarter worth about $10,296,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in Helix Energy Solutions Group during the 3rd quarter worth about $6,855,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

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.