Helix Energy Solutions Group, Inc. (NYSE:HLX) gapped down before the market opened on Tuesday . The stock had previously closed at $6.82, but opened at $7.01. Helix Energy Solutions Group shares last traded at $7.08, with a volume of 626,028 shares traded.

Several brokerages have commented on HLX. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub lowered shares of Helix Energy Solutions Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Cowen and Company restated an “outperform” rating and set a $9.00 target price (down from $10.00) on shares of Helix Energy Solutions Group in a research report on Tuesday, July 25th. Piper Jaffray Companies lowered shares of Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $7.00 to $7.30 in a research report on Wednesday, September 27th. Finally, Morgan Stanley restated an “overweight” rating and set a $8.00 target price (down 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, four have assigned a hold rating and six have given a buy rating to the company. Helix Energy Solutions Group currently has an average rating of “Hold” and an average price target of $9.66.

The stock’s market capitalization is $1.01 billion. The stock has a 50-day moving average of $6.79 and a 200-day moving average of $6.28.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Sunday, July 23rd. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ 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 firm 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 business earned ($0.10) EPS. The company’s quarterly revenue was up 40.2% compared to the same quarter last year. On average, analysts forecast that Helix Energy Solutions Group, Inc. will post ($0.14) earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in HLX. BlackRock Inc. boosted its stake in Helix Energy Solutions Group by 31,634.0% during the first quarter. BlackRock Inc. now owns 17,588,903 shares of the oil and gas company’s stock valued at $136,665,000 after buying an additional 17,533,477 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Helix Energy Solutions Group by 1,859.2% during the second quarter. Alliancebernstein L.P. now owns 3,253,733 shares of the oil and gas company’s stock valued at $18,351,000 after buying an additional 3,087,661 shares in the last quarter. Vanguard Group Inc. boosted its stake in Helix Energy Solutions Group by 31.4% during the first quarter. Vanguard Group Inc. now owns 12,647,162 shares of the oil and gas company’s stock valued at $98,268,000 after buying an additional 3,022,776 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Helix Energy Solutions Group by 18.4% during the first quarter. Dimensional Fund Advisors LP now owns 11,341,629 shares of the oil and gas company’s stock valued at $88,123,000 after buying an additional 1,762,314 shares in the last quarter. Finally, Key Group Holdings Cayman LTD. bought a new position in Helix Energy Solutions Group during the second quarter valued at about $9,130,000. 86.85% of the stock is owned by institutional investors and hedge funds.

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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.

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