Helix Energy Solutions Group, Inc. (NYSE:HLX) rose 5.9% on Tuesday . The company traded as high as $7.07 and last traded at $7.02. Approximately 1,237,983 shares were traded during trading, a decline of 5% from the average daily volume of 1,306,020 shares. The stock had previously closed at $6.63.

HLX has been the topic of a number of research reports. Cowen and Company upgraded Helix Energy Solutions Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $8.00 to $10.00 in a research report on Monday, June 5th. BidaskClub upgraded Helix Energy Solutions Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. ValuEngine downgraded Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Morgan Stanley restated an “overweight” rating and set a $8.00 price target (down previously from $15.00) on shares of Helix Energy Solutions Group in a research report on Wednesday, June 21st. Finally, Zacks Investment Research upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.59.

The company has a 50-day moving average of $6.19 and a 200-day moving average of $6.33. The company’s market cap is $1.04 billion.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Sunday, July 23rd. The oil and gas company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). Helix Energy Solutions Group had a negative net margin of 12.09% and a negative return on equity of 1.21%. The business had revenue of $150.30 million during the quarter, compared to the consensus estimate of $141.03 million. During the same period in the previous year, the business posted ($0.10) EPS. The firm’s revenue was up 40.2% on a year-over-year basis. Analysts expect that Helix Energy Solutions Group, Inc. will post ($0.14) EPS for the current year.

Several large investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its holdings in shares of Helix Energy Solutions Group by 0.8% in 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 last quarter. Capstone Asset Management Co. lifted its holdings in shares of Helix Energy Solutions Group by 0.4% in the 1st quarter. Capstone Asset Management Co. now owns 25,821 shares of the oil and gas company’s stock valued at $201,000 after acquiring an additional 110 shares during the last quarter. Green Square Capital LLC lifted its holdings in shares of Helix Energy Solutions Group by 1.7% in 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 last quarter. Princeton Alpha Management LP lifted its holdings in shares of Helix Energy Solutions Group by 4.8% in 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 last quarter. Finally, Amalgamated Bank lifted its holdings in shares of Helix Energy Solutions Group by 3.8% in 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 last quarter. 86.89% of the stock is owned by hedge funds and other institutional investors.

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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.

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