Helix Energy Solutions Group (NYSE:HLX) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Helix Energy Solutions Group (NYSE:HLX) from a hold rating to a buy rating in a research report released on Saturday morning.

HLX has been the subject of several other reports. TD Cowen raised their price objective on Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Helix Energy Solutions Group in a report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Helix Energy Solutions Group has a consensus rating of “Hold” and a consensus target price of $14.00.

Helix Energy Solutions Group Stock Performance

Shares of HLX stock opened at $9.62 on Friday. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 35.61 and a beta of 1.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.92 and a quick ratio of 2.92. The business has a fifty day moving average of $9.26 and a 200 day moving average of $9.25. Helix Energy Solutions Group has a 1 year low of $5.58 and a 1 year high of $10.75.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Thursday, August 6th. The oil and gas company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $304.02 million during the quarter, compared to analysts’ expectations of $314.56 million. Helix Energy Solutions Group had a return on equity of 2.96% and a net margin of 3.04%. As a group, research analysts expect that Helix Energy Solutions Group will post 0.28 earnings per share for the current year.

Hedge Funds Weigh In On Helix Energy Solutions Group

A number of institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new stake in Helix Energy Solutions Group during the fourth quarter worth about $27,000. Royal Bank of Canada lifted its holdings in Helix Energy Solutions Group by 175.9% in the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 4,458 shares during the period. Aaron Wealth Advisors LLC acquired a new position in Helix Energy Solutions Group in the fourth quarter valued at approximately $74,000. XTX Topco Ltd purchased a new stake in Helix Energy Solutions Group in the 2nd quarter worth approximately $80,000. Finally, Inscription Capital LLC purchased a new stake in Helix Energy Solutions Group in the 4th quarter worth approximately $83,000. 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.