Helix Energy Solutions Group, Inc. (NYSE:HLX) Receives Average Rating of “Moderate Buy” from Analysts

Helix Energy Solutions Group, Inc. (NYSE:HLX) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $10.50.

A number of brokerages recently issued reports on HLX. Cowen restated a “buy” rating on shares of Helix Energy Solutions Group in a report on Friday, October 24th. TD Cowen raised their price objective on shares of Helix Energy Solutions Group from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Wall Street Zen upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Zacks Research upgraded Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research report on Monday, December 29th.

Helix Energy Solutions Group Price Performance

Shares of HLX opened at $7.07 on Friday. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average of $6.69 and a 200-day moving average of $6.48. Helix Energy Solutions Group has a 52 week low of $5.52 and a 52 week high of $9.31. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 25.23 and a beta of 1.25.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. Helix Energy Solutions Group had a return on equity of 2.75% and a net margin of 3.25%.The business had revenue of $376.96 million for the quarter, compared to analysts’ expectations of $361.93 million. The firm’s revenue was up 10.1% compared to the same quarter last year. As a group, analysts forecast that Helix Energy Solutions Group will post 0.26 EPS for the current year.

Insider Activity

In other news, COO Scott Andrew Sparks sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $6.88, for a total transaction of $275,200.00. Following the completion of the transaction, the chief operating officer directly owned 301,042 shares in the company, valued at $2,071,168.96. The trade was a 11.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.60% of the company’s stock.

Hedge Funds Weigh In On Helix Energy Solutions Group

A number of hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. boosted its stake in shares of Helix Energy Solutions Group by 243.4% during the 2nd quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock worth $31,000 after buying an additional 3,576 shares during the last quarter. AlphaQuest LLC increased its position in shares of Helix Energy Solutions Group by 49.3% during the 2nd quarter. AlphaQuest LLC now owns 8,877 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 2,930 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new stake in shares of Helix Energy Solutions Group during the 3rd quarter worth approximately $66,000. Ballentine Partners LLC acquired a new stake in shares of Helix Energy Solutions Group in the 3rd quarter valued at approximately $70,000. Finally, Federated Hermes Inc. bought a new position in shares of Helix Energy Solutions Group in the third quarter valued at $74,000. Institutional investors and hedge funds 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.