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

Several other equities research analysts also recently issued reports on HLX. Zacks Investment Research raised shares of Helix Energy Solutions Group from a sell rating to a hold rating in a research report on Thursday, July 27th. Cowen and Company reissued an outperform rating and set a $9.00 price objective (down previously from $10.00) on shares of Helix Energy Solutions Group in a research report on Tuesday, July 25th. ValuEngine downgraded shares of Helix Energy Solutions Group from a hold rating to a sell rating in a research report on Friday, June 2nd. Finally, Morgan Stanley reissued an overweight rating and set a $8.00 price objective (down previously from $15.00) on shares of Helix Energy Solutions Group in a research report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $9.96.

Shares of Helix Energy Solutions Group (HLX) opened at 6.45 on Friday. The stock’s market cap is $952.56 million. The company has a 50-day moving average price of $5.94 and a 200-day moving average price of $6.45. Helix Energy Solutions Group has a 1-year low of $4.82 and a 1-year high of $11.87.

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

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A number of hedge funds and other institutional investors have recently made changes to their positions in HLX. Teachers Advisors LLC boosted its position in shares of Helix Energy Solutions Group by 447.7% in the fourth quarter. Teachers Advisors LLC now owns 931,995 shares of the oil and gas company’s stock valued at $8,220,000 after buying an additional 761,840 shares during the last quarter. Swiss National Bank boosted its position in shares of Helix Energy Solutions Group by 28.4% in the first quarter. Swiss National Bank now owns 225,900 shares of the oil and gas company’s stock valued at $1,755,000 after buying an additional 50,000 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Helix Energy Solutions Group by 72.0% in the first quarter. Bank of Montreal Can now owns 81,629 shares of the oil and gas company’s stock valued at $635,000 after buying an additional 34,183 shares during the last quarter. Amalgamated Bank boosted its position in shares of 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. Finally, GMT Capital Corp boosted its position in shares of Helix Energy Solutions Group by 7.7% in the first quarter. GMT Capital Corp now owns 7,432,023 shares of the oil and gas company’s stock valued at $57,747,000 after buying an additional 532,000 shares during the last quarter. Institutional investors and hedge funds own 86.89% 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.

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

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