EP Wealth Advisors LLC Makes New $482,000 Investment in Helix Energy Solutions Group, Inc. $HLX

EP Wealth Advisors LLC purchased a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 55,169 shares of the oil and gas company’s stock, valued at approximately $482,000.

Several other large investors also recently made changes to their positions in the stock. Quarry LP bought a new stake in Helix Energy Solutions Group in the 4th quarter valued at $27,000. Royal Bank of Canada increased its holdings in Helix Energy Solutions Group by 175.9% during the 4th quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 4,458 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Helix Energy Solutions Group in the 2nd quarter valued at about $80,000. Inscription Capital LLC acquired a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at about $83,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Helix Energy Solutions Group in the fourth quarter valued at about $85,000. Institutional investors own 91.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

Helix Energy Solutions Group Stock Up 0.2%

Shares of HLX stock opened at $9.99 on Wednesday. The firm’s fifty day moving average price is $9.42 and its two-hundred day moving average price is $9.48. 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, Inc. has a 1 year low of $6.03 and a 1 year high of $10.75. The firm has a market capitalization of $1.47 billion, a P/E ratio of 37.01 and a beta of 1.14.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data 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 the consensus estimate of $314.56 million. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.95%. On average, equities analysts predict that Helix Energy Solutions Group, Inc. will post 0.28 EPS for the current fiscal year.

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.