Helix Energy Solutions Group Inc. (NYSE:HLX) has been assigned a $14.00 price target by stock analysts at Credit Suisse Group AG in a research note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Credit Suisse Group AG’s target price points to a potential upside of 41.70% from the stock’s current price.

HLX has been the topic of several other reports. Clarkson Capital upgraded shares of Helix Energy Solutions Group from a “neutral” rating to a “buy” rating in a report on Tuesday, July 26th. DA Davidson started coverage on shares of Helix Energy Solutions Group in a report on Wednesday, October 5th. They set a “buy” rating and a $12.00 price target on the stock. Zacks Investment Research raised shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a research report on Tuesday, September 20th. Finally, Iberia Capital raised shares of Helix Energy Solutions Group to an “outperform” rating in a research report on Friday, August 19th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $9.58.

Analyst Recommendations for Helix Energy Solutions Group (NYSE:HLX)

Shares of Helix Energy Solutions Group (NYSE:HLX) traded up 1.11% on Monday, hitting $9.99. 770,148 shares of the company’s stock were exchanged. Helix Energy Solutions Group has a 12 month low of $2.60 and a 12 month high of $10.96. The firm’s market cap is $1.20 billion. The stock’s 50 day moving average is $9.24 and its 200 day moving average is $7.93.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, October 19th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.07. Helix Energy Solutions Group had a negative net margin of 83.31% and a negative return on equity of 2.53%. The business had revenue of $161.25 million for the quarter, compared to analysts’ expectations of $155.41 million. During the same period in the previous year, the company earned $0.09 earnings per share. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year. On average, equities analysts predict that Helix Energy Solutions Group will post ($0.27) earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the stock. General American Investors Co. Inc. boosted its position in shares of Helix Energy Solutions Group by 5.8% in the second quarter. General American Investors Co. Inc. now owns 1,730,000 shares of the company’s stock valued at $11,695,000 after buying an additional 95,000 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Helix Energy Solutions Group by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 2,199,140 shares of the company’s stock valued at $14,866,000 after buying an additional 49,755 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of Helix Energy Solutions Group by 582.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,190,655 shares of the company’s stock valued at $8,049,000 after buying an additional 1,016,200 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Helix Energy Solutions Group during the second quarter valued at approximately $281,000. Finally, Viking Fund Management LLC purchased a new position in shares of Helix Energy Solutions Group during the second quarter valued at approximately $4,394,000. 86.88% of the stock is owned by institutional investors.

Helix Energy Solutions Group Company Profile

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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