Helix Energy Solutions Group (NYSE:HLX) Raised to Hold at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Helix Energy Solutions Group (NYSE:HLX – Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other research analysts have also issued reports on HLX. Raymond James initiated coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price objective for the company. TD Cowen cut their price target on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th.

Read Our Latest Research Report on Helix Energy Solutions Group

Helix Energy Solutions Group Price Performance

HLX stock opened at $9.37 on Friday. Helix Energy Solutions Group has a 1 year low of $8.82 and a 1 year high of $13.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 234.31 and a beta of 2.43. The company has a 50 day simple moving average of $10.17 and a 200 day simple moving average of $10.87.

Helix Energy Solutions Group (NYSE:HLX – Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The company had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. During the same period in the prior year, the company earned $0.19 EPS. Research analysts anticipate that Helix Energy Solutions Group will post 0.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Owen E. Kratz sold 298,419 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the transaction, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.37% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Pacer Advisors Inc. bought a new position in Helix Energy Solutions Group during the 2nd quarter valued at $81,862,000. Assenagon Asset Management S.A. boosted its holdings in Helix Energy Solutions Group by 74.1% during the second quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after purchasing an additional 985,101 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Helix Energy Solutions Group in the 2nd quarter worth about $11,451,000. Principal Financial Group Inc. increased its stake in Helix Energy Solutions Group by 87.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,489,359 shares of the oil and gas company’s stock valued at $17,783,000 after buying an additional 696,395 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Helix Energy Solutions Group by 24.9% in the 2nd quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock worth $40,756,000 after buying an additional 680,635 shares during the last quarter. Institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Company Profile

(Get Free Report)

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.

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