Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) have been assigned an average rating of “Hold” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $9.60.

Several research firms have recently issued reports on HLX. Capital One Financial Corporation restated an “overweight” rating on shares of Helix Energy Solutions Group in a research report on Tuesday, October 10th. Piper Jaffray Companies lowered Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $7.00 to $7.30 in a research report on Wednesday, September 27th. Zacks Investment Research lowered Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Cowen and Company set a $9.00 price target on Helix Energy Solutions Group and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, Bank of America Corporation assumed coverage on Helix Energy Solutions Group in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $7.00 price target on the stock.

In other Helix Energy Solutions Group news, EVP Anthony Tripodo sold 6,466 shares of the stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $6.92, for a total transaction of $44,744.72. Following the completion of the sale, the executive vice president now directly owns 318,937 shares in the company, valued at approximately $2,207,044.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Nancy K. Quinn sold 11,268 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $7.44, for a total transaction of $83,833.92. Following the transaction, the director now directly owns 104,107 shares in the company, valued at approximately $774,556.08. The disclosure for this sale can be found here. Insiders have sold 27,734 shares of company stock valued at $196,079 over the last quarter. Company insiders own 5.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. increased its stake in Helix Energy Solutions Group by 36.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 52,933 shares of the oil and gas company’s stock valued at $411,000 after buying an additional 14,031 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in Helix Energy Solutions Group by 8.2% in the 1st quarter. TIAA CREF Investment Management LLC now owns 427,945 shares of the oil and gas company’s stock valued at $3,325,000 after buying an additional 32,484 shares in the last quarter. Vanguard Group Inc. grew its stake in Helix Energy Solutions Group by 31.4% in the 1st 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. Geode Capital Management LLC grew its stake in Helix Energy Solutions Group by 30.5% in the 1st quarter. Geode Capital Management LLC now owns 1,075,670 shares of the oil and gas company’s stock valued at $8,357,000 after buying an additional 251,448 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Helix Energy Solutions Group by 31,634.0% in the 1st quarter. BlackRock Inc. now owns 17,588,903 shares of the oil and gas company’s stock valued at $136,665,000 after purchasing an additional 17,533,477 shares during the period. 86.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of Helix Energy Solutions Group (NYSE:HLX) opened at $6.74 on Monday. Helix Energy Solutions Group has a 52 week low of $4.82 and a 52 week high of $11.87. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.26.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Monday, October 23rd. The oil and gas company reported $0.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The company had revenue of $163.30 million during the quarter, compared to analysts’ expectations of $168.97 million. Helix Energy Solutions Group had a negative return on equity of 1.80% and a negative net margin of 13.72%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. sell-side analysts predict that Helix Energy Solutions Group will post -0.14 EPS for the current fiscal year.

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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.

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

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