Helix Energy Solutions Group Inc. (NYSE:HLX) – DA Davidson issued their Q3 2016 earnings estimates for shares of Helix Energy Solutions Group in a research note issued on Wednesday. DA Davidson analyst S. Randhawa anticipates that the firm will post earnings of $0.03 per share for the quarter. DA Davidson currently has a “Buy” rating and a $12.00 target price on the stock. DA Davidson also issued estimates for Helix Energy Solutions Group’s Q4 2016 earnings at ($0.01) EPS, FY2016 earnings at ($0.34) EPS, Q1 2017 earnings at ($0.07) EPS, Q2 2017 earnings at ($0.05) EPS, Q3 2017 earnings at $0.03 EPS, Q4 2017 earnings at $0.02 EPS, FY2017 earnings at ($0.08) EPS and FY2018 earnings at $0.31 EPS.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Tuesday, July 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.10). Helix Energy Solutions Group had a negative net margin of 80.32% and a negative return on equity of 2.49%. During the same quarter last year, the business earned ($0.03) earnings per share.

Earnings History and Estimates for Helix Energy Solutions Group (NYSE:HLX)

Other analysts have also recently issued reports about the stock. Clarkson Capital upgraded shares of Helix Energy Solutions Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 26th. Simmons set a $10.00 target price on shares of Helix Energy Solutions Group and gave the company a “buy” rating in a research report on Thursday, July 21st. Credit Suisse Group AG restated a “buy” rating and set a $10.00 target price on shares of Helix Energy Solutions Group in a research report on Wednesday, July 20th. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a report on Tuesday, September 20th. Finally, Iberia Capital upgraded shares of Helix Energy Solutions Group to an “outperform” rating in a report on Friday, August 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $9.25.

Helix Energy Solutions Group (NYSE:HLX) opened at 9.59 on Monday. The stock’s market capitalization is $1.08 billion. Helix Energy Solutions Group has a 12-month low of $2.60 and a 12-month high of $9.70. The stock’s 50 day moving average is $7.69 and its 200 day moving average is $7.41.

Institutional investors have recently modified their holdings of the company. Aperio Group LLC boosted its stake in shares of Helix Energy Solutions Group by 21.3% in the first quarter. Aperio Group LLC now owns 66,081 shares of the company’s stock valued at $370,000 after buying an additional 11,582 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Helix Energy Solutions Group by 18.8% in the first quarter. Franklin Resources Inc. now owns 2,103,650 shares of the company’s stock valued at $11,780,000 after buying an additional 332,600 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Helix Energy Solutions Group by 1.7% in the first quarter. BlackRock Fund Advisors now owns 6,809,372 shares of the company’s stock valued at $38,132,000 after buying an additional 116,314 shares during the last quarter. Palisade Capital Management LLC NJ acquired a new stake in shares of Helix Energy Solutions Group during the first quarter valued at $517,000. Finally, Royce & Associates LP acquired a new stake in shares of Helix Energy Solutions Group during the first quarter valued at $154,000. Institutional investors and hedge funds own 86.49% of the company’s stock.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.

5 Day Chart for NYSE:HLX

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