Helix Energy Solutions Group (NYSE:HLX) Stock Passes Above 200 Day Moving Average – Here’s Why

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.12 and traded as high as $10.06. Helix Energy Solutions Group shares last traded at $9.6510, with a volume of 1,198,810 shares traded.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. TD Cowen boosted their price objective on shares of Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Helix Energy Solutions Group in a report on Friday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Helix Energy Solutions Group presently has an average rating of “Hold” and a consensus price target of $14.00.

Helix Energy Solutions Group Stock Performance

The stock has a market cap of $1.34 billion, a P/E ratio of 90.86 and a beta of 1.12. The business has a 50 day moving average price of $9.32 and a 200 day moving average price of $9.13. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.19.

Hedge Funds Weigh In On Helix Energy Solutions Group

Hedge funds have recently bought and sold shares of the business. Tudor Investment Corp ET AL purchased a new stake in shares of Helix Energy Solutions Group during the third quarter valued at $799,000. Bastion Asset Management Inc. purchased a new position in Helix Energy Solutions Group in the 1st quarter worth about $8,581,000. Simcoe Capital LLC purchased a new position in Helix Energy Solutions Group in the 4th quarter worth about $3,816,000. Aristeia Capital L.L.C. lifted its holdings in Helix Energy Solutions Group by 807.6% during the 4th quarter. Aristeia Capital L.L.C. now owns 126,126 shares of the oil and gas company’s stock valued at $791,000 after buying an additional 112,229 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in Helix Energy Solutions Group by 34.4% during the 4th quarter. Royce & Associates LP now owns 226,320 shares of the oil and gas company’s stock valued at $1,419,000 after buying an additional 57,987 shares in the last quarter. Institutional investors 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.