Cowen and Company reissued their buy rating on shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in a report issued on Friday morning. Cowen and Company currently has a $9.00 price objective on the oil and gas company’s stock.

HLX has been the subject of a number of other reports. BidaskClub downgraded Helix Energy Solutions Group from a sell rating to a strong sell rating in a report on Friday, August 18th. Zacks Investment Research downgraded Helix Energy Solutions Group from a hold rating to a sell rating in a report on Monday, June 26th. Morgan Stanley reaffirmed an overweight rating and issued a $8.00 price target (down from $15.00) on shares of Helix Energy Solutions Group in a report on Wednesday, June 21st. Finally, ValuEngine downgraded Helix Energy Solutions Group from a hold rating to a sell rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $9.96.

Helix Energy Solutions Group (NYSE:HLX) traded up 3.03% during mid-day trading on Friday, hitting $6.46. 990,821 shares of the stock were exchanged. The company has a 50 day moving average of $6.06 and a 200 day moving average of $6.41. The firm’s market cap is $954.03 million. Helix Energy Solutions Group has a 12-month low of $4.82 and a 12-month high of $11.87.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Sunday, July 23rd. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.01. The business had revenue of $150.30 million during the quarter, compared to analyst estimates 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 business’s revenue for the quarter was up 40.2% compared to the same quarter last year. During the same period last year, the company earned ($0.10) earnings per share. On average, equities analysts anticipate that Helix Energy Solutions Group will post ($0.13) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Cowen and Company Reaffirms “Buy” Rating for Helix Energy Solutions Group, Inc. (HLX)” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.thecerbatgem.com/2017/09/04/cowen-and-company-reaffirms-buy-rating-for-helix-energy-solutions-group-inc-hlx.html.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC acquired a new stake in shares of Helix Energy Solutions Group during the second quarter worth $169,000. TVR Capital Management LP acquired a new stake in shares of Helix Energy Solutions Group during the second quarter worth $1,127,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Helix Energy Solutions Group by 21.6% during the second quarter. The Manufacturers Life Insurance Company now owns 111,324 shares of the oil and gas company’s stock worth $627,000 after purchasing an additional 19,746 shares during the period. Green Square Capital LLC lifted its holdings in shares of Helix Energy Solutions Group by 1.7% during the second quarter. Green Square Capital LLC now owns 21,392 shares of the oil and gas company’s stock worth $121,000 after purchasing an additional 359 shares during the period. Finally, BlueCrest Capital Management Ltd lifted its holdings in shares of Helix Energy Solutions Group by 120.2% during the second quarter. BlueCrest Capital Management Ltd now owns 674,578 shares of the oil and gas company’s stock worth $3,805,000 after purchasing an additional 368,282 shares during the period. 86.89% of the stock is owned by hedge funds and other institutional investors.

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)

Receive News & Stock Ratings for Helix Energy Solutions Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helix Energy Solutions Group Inc. and related stocks with our FREE daily email newsletter.