Helix Energy Solutions Group (NYSE:HLX) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.02 and traded as high as $9.29. Helix Energy Solutions Group shares last traded at $9.1650, with a volume of 1,386,952 shares.

Analyst Ratings Changes

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research report on Monday, December 29th. Zacks Research upgraded Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $10.50.

Helix Energy Solutions Group Trading Down 2.2%

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a fifty day simple moving average of $7.92 and a two-hundred day simple moving average of $7.04. The firm has a market capitalization of $1.32 billion, a P/E ratio of 42.62 and a beta of 1.21.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Monday, February 23rd. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.08. The firm had revenue of $334.16 million for the quarter, compared to analyst estimates of $304.67 million. Helix Energy Solutions Group had a return on equity of 2.88% and a net margin of 2.39%.The firm’s revenue was down 5.9% on a year-over-year basis. On average, equities research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Quarry LP bought a new stake in shares of Helix Energy Solutions Group during the 4th quarter valued at $27,000. Bessemer Group Inc. boosted its position in shares of Helix Energy Solutions Group by 243.4% during the 2nd quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 3,576 shares during the last quarter. Royal Bank of Canada grew its stake in Helix Energy Solutions Group by 175.9% in the 4th quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock worth $44,000 after buying an additional 4,458 shares in the last quarter. AlphaQuest LLC grew its position in Helix Energy Solutions Group by 49.3% in the second quarter. AlphaQuest LLC now owns 8,877 shares of the oil and gas company’s stock worth $55,000 after acquiring an additional 2,930 shares in the last quarter. Finally, Drucker Wealth 3.0 LLC purchased a new position in shares of Helix Energy Solutions Group in the 3rd quarter worth about $66,000. 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.