Helix Energy Solutions Group (NYSE:HLX) Shares Up 4.1% – What’s Next?

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) were up 4.1% on Monday . The stock traded as high as $10.58 and last traded at $10.5520. 61,678 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 1,795,888 shares. The stock had previously closed at $10.14.

Analyst Ratings Changes

Several research analysts have recently issued reports on HLX shares. Wall Street Zen cut shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings upgraded shares of Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Helix Energy Solutions Group has a consensus rating of “Hold” and a consensus price target of $14.00.

Helix Energy Solutions Group Stock Performance

The business has a fifty day moving average of $9.50 and a 200-day moving average of $9.51. The company has a market cap of $1.52 billion, a PE ratio of 38.22 and a beta of 1.14. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. The business 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 2.95% and a net margin of 3.04%. Equities research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of Helix Energy Solutions Group

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in Helix Energy Solutions Group by 14.0% during 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 purchasing an additional 979 shares during the period. Kennedy Capital Management LLC raised its stake in shares of Helix Energy Solutions Group by 0.3% in the fourth quarter. Kennedy Capital Management LLC now owns 559,666 shares of the oil and gas company’s stock worth $3,509,000 after buying an additional 1,428 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of Helix Energy Solutions Group by 8.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 24,021 shares of the oil and gas company’s stock valued at $238,000 after buying an additional 1,864 shares in the last quarter. Comerica Bank grew its stake in shares of Helix Energy Solutions Group by 2.6% during the 4th quarter. Comerica Bank now owns 80,619 shares of the oil and gas company’s stock valued at $505,000 after acquiring an additional 2,014 shares during the period. Finally, Corient Private Wealth LP increased its holdings in Helix Energy Solutions Group by 17.2% in the 2nd quarter. Corient Private Wealth LP now owns 14,890 shares of the oil and gas company’s stock worth $130,000 after acquiring an additional 2,181 shares in the last quarter. 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.