Helix Energy Solutions Group (NYSE:HLX) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.72 and traded as high as $8.80. Helix Energy Solutions Group shares last traded at $8.7250, with a volume of 1,207,894 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Weiss Ratings cut Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. TD Cowen upped their target price on Helix Energy Solutions Group from $13.00 to $14.00 and gave the company 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 given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.50.

Helix Energy Solutions Group Stock Up 0.6%

The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 87.95 and a beta of 1.11. The business’s 50-day moving average is $9.62 and its 200-day moving average is $8.72. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.19.

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 for the quarter, hitting the consensus estimate of ($0.09). The company had revenue of $287.95 million for the quarter, compared to the consensus estimate of $260.89 million. Helix Energy Solutions Group had a return on equity of 1.82% and a net margin of 1.10%.Helix Energy Solutions Group’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts predict that Helix Energy Solutions Group, Inc. will post 0.33 earnings per share for the current year.

Institutional Trading of Helix Energy Solutions Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new position in Helix Energy Solutions Group in the fourth quarter valued at approximately $27,000. Royal Bank of Canada grew its stake in shares of Helix Energy Solutions Group by 175.9% during the 4th quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 4,458 shares during the period. Aaron Wealth Advisors LLC purchased a new position in shares of Helix Energy Solutions Group during the 4th quarter valued at approximately $74,000. AXQ Capital LP purchased a new position in shares of Helix Energy Solutions Group during the 3rd quarter valued at approximately $77,000. Finally, XTX Topco Ltd acquired a new position in shares of Helix Energy Solutions Group in the 2nd quarter valued at $80,000. 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.