Analysts at Bank of America Corporation assumed coverage on shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in a report released on Tuesday. The brokerage set a “neutral” rating and a $7.00 price target on the oil and gas company’s stock. Bank of America Corporation’s target price points to a potential upside of 2.94% from the company’s previous close.

Several other equities research analysts also recently commented on HLX. ValuEngine downgraded Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Cowen and Company upgraded Helix Energy Solutions Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $8.00 to $10.00 in a report on Monday, June 5th. Morgan Stanley reiterated an “overweight” rating and issued a $8.00 price objective (down from $15.00) on shares of Helix Energy Solutions Group in a report on Wednesday, June 21st. Zacks Investment Research downgraded Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Monday, June 26th. Finally, BidaskClub downgraded Helix Energy Solutions Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Helix Energy Solutions Group has a consensus rating of “Hold” and an average price target of $9.59.

Helix Energy Solutions Group (HLX) opened at 6.80 on Tuesday. The stock has a 50 day moving average of $6.13 and a 200-day moving average of $6.37. Helix Energy Solutions Group has a 12 month low of $4.82 and a 12 month high of $11.87. The firm’s market cap is $1.00 billion.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Sunday, July 23rd. The oil and gas company reported ($0.04) EPS for the quarter, missing the 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 business had revenue of $150.30 million during the quarter, compared to the consensus estimate of $141.03 million. During the same quarter in the previous year, the business posted ($0.10) earnings per share. Helix Energy Solutions Group’s quarterly revenue was up 40.2% compared to the same quarter last year. Equities research analysts predict that Helix Energy Solutions Group will post ($0.13) earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. Amalgamated Bank grew its stake in shares of Helix Energy Solutions Group by 3.8% during the 2nd quarter. Amalgamated Bank now owns 18,427 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 683 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Helix Energy Solutions Group by 0.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,794 shares of the oil and gas company’s stock valued at $107,000 after acquiring an additional 109 shares during the period. Princeton Alpha Management LP grew its stake in shares of Helix Energy Solutions Group by 4.8% during the 1st quarter. Princeton Alpha Management LP now owns 14,619 shares of the oil and gas company’s stock valued at $114,000 after acquiring an additional 667 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Helix Energy Solutions Group by 25.0% during the 1st 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 acquiring an additional 3,030 shares during the period. Finally, Green Square Capital LLC grew its stake in shares of Helix Energy Solutions Group by 1.7% during the 2nd quarter. Green Square Capital LLC now owns 21,392 shares of the oil and gas company’s stock valued at $121,000 after acquiring an additional 359 shares during the period. Institutional investors 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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