Helix Energy Solutions Group (NYSE:HLX) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.02 and traded as high as $9.29. Helix Energy Solutions Group shares last traded at $9.1650, with a volume of 1,386,952 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HLX shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research report on Monday, December 29th. Zacks Research raised Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

Helix Energy Solutions Group Stock Down 0.5%

The stock’s 50 day moving average is $7.86 and its 200 day moving average is $7.02. The company has a market capitalization of $1.35 billion, a PE ratio of 43.64 and a beta of 1.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.75 and a current ratio of 2.75.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Monday, February 23rd. The oil and gas company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08. The business had revenue of $334.16 million during the quarter, compared to analyst estimates of $304.67 million. Helix Energy Solutions Group had a net margin of 2.39% and a return on equity of 2.88%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its position in shares of Helix Energy Solutions Group by 530.1% during the first quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company’s stock valued at $1,955,000 after buying an additional 197,882 shares during the period. Caxton Associates LLP purchased a new position in Helix Energy Solutions Group during the first quarter valued at approximately $184,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Helix Energy Solutions Group by 9.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company’s stock worth $3,101,000 after acquiring an additional 32,643 shares during the period. Jane Street Group LLC increased its holdings in Helix Energy Solutions Group by 1,836.3% during the 1st quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company’s stock worth $3,143,000 after acquiring an additional 358,663 shares during the period. Finally, Strs Ohio purchased a new stake in Helix Energy Solutions Group in the 1st quarter worth approximately $89,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.