BidaskClub downgraded shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) from a sell rating to a strong sell rating in a research report report published on Friday.

Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Helix Energy Solutions Group from a hold rating to a buy rating and set a $6.75 price objective for the company in a research note on Tuesday, April 25th. Cowen and Company restated a buy rating and issued a $10.00 price objective on shares of Helix Energy Solutions Group in a research note on Tuesday, July 11th. Morgan Stanley restated an overweight rating and issued a $8.00 price objective (down previously from $15.00) on shares of Helix Energy Solutions Group in a research note on Wednesday, June 21st. Finally, ValuEngine downgraded Helix Energy Solutions Group from a hold rating to a sell rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $9.96.

Helix Energy Solutions Group (NYSE:HLX) opened at 5.91 on Friday. The company’s market capitalization is $872.81 million. Helix Energy Solutions Group has a 1-year low of $4.82 and a 1-year high of $11.87. The company has a 50 day moving average of $5.86 and a 200 day moving average of $6.52.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Sunday, July 23rd. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $150.30 million during the quarter, compared to the consensus estimate of $141.03 million. Helix Energy Solutions Group had a negative net margin of 12.09% and a negative return on equity of 1.21%. The firm’s revenue for the quarter was up 40.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.10) EPS. On average, analysts predict that Helix Energy Solutions Group will post ($0.13) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of HLX. Janney Montgomery Scott LLC increased its position in Helix Energy Solutions Group by 0.8% in the first quarter. Janney Montgomery Scott LLC now owns 13,794 shares of the oil and gas company’s stock valued at $107,000 after buying an additional 109 shares during the last quarter. Princeton Alpha Management LP increased its position in Helix Energy Solutions Group by 4.8% in the first quarter. Princeton Alpha Management LP now owns 14,619 shares of the oil and gas company’s stock valued at $114,000 after buying an additional 667 shares during the last quarter. State of Alaska Department of Revenue increased its position in Helix Energy Solutions Group by 25.0% in the first quarter. State of Alaska Department of Revenue now owns 15,160 shares of the oil and gas company’s stock valued at $117,000 after buying an additional 3,030 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in Helix Energy Solutions Group during the first quarter valued at $129,000. Finally, Amalgamated Bank increased its position in Helix Energy Solutions Group by 16.3% in the first quarter. Amalgamated Bank now owns 17,744 shares of the oil and gas company’s stock valued at $138,000 after buying an additional 2,489 shares during the last quarter. Institutional investors own 88.85% of the company’s stock.

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.

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

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