Helix Energy Solutions Group (NYSE:HLX) Stock Price Up 5.5% – Still a Buy?

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) rose 5.5% on Wednesday . The company traded as high as $9.13 and last traded at $9.1650. Approximately 249,104 shares traded hands during trading, a decline of 87% from the average session volume of 1,918,475 shares. The stock had previously closed at $8.69.

Analyst Ratings Changes

Several equities analysts recently issued reports on HLX shares. Weiss Ratings lowered Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. TD Cowen lifted their price objective on Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Helix Energy Solutions Group presently has an average rating of “Hold” and a consensus target price of $11.50.

Helix Energy Solutions Group Stock Performance

The firm has a market cap of $1.33 billion, a P/E ratio of 90.41 and a beta of 1.12. The stock’s 50 day moving average is $9.46 and its two-hundred day moving average is $8.85. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.92 and a quick ratio of 2.92.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). The firm had revenue of $287.95 million during the quarter, compared to analysts’ expectations of $260.89 million. Helix Energy Solutions Group had a net margin of 1.10% and a return on equity of 1.82%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities analysts predict that Helix Energy Solutions Group, Inc. will post 0.33 EPS for the current year.

Institutional Investors Weigh In On Helix Energy Solutions Group

Hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. acquired a new position in Helix Energy Solutions Group in the first quarter valued at about $5,298,000. Janus Henderson Group PLC increased its holdings in shares of Helix Energy Solutions Group by 1,571.3% during the first quarter. Janus Henderson Group PLC now owns 1,055,411 shares of the oil and gas company’s stock worth $10,438,000 after buying an additional 992,261 shares in the last quarter. Amundi increased its holdings in shares of Helix Energy Solutions Group by 42.5% during the first quarter. Amundi now owns 108,506 shares of the oil and gas company’s stock worth $1,073,000 after buying an additional 32,375 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Helix Energy Solutions Group by 41.3% in the first quarter. California State Teachers Retirement System now owns 187,921 shares of the oil and gas company’s stock valued at $1,859,000 after acquiring an additional 54,892 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Helix Energy Solutions Group by 14.0% in the first quarter. Royal Bank of Canada now owns 7,972 shares of the oil and gas company’s stock valued at $79,000 after acquiring an additional 979 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

About Helix Energy Solutions Group

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.