Helix Energy Solutions Group (NYSE:HLX) Shares Gap Up to $4.38

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLXGet Rating) gapped up prior to trading on Wednesday . The stock had previously closed at $4.38, but opened at $4.54. Helix Energy Solutions Group shares last traded at $4.40, with a volume of 3,425 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HLX. StockNews.com downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 20th. Cowen upped their price objective on shares of Helix Energy Solutions Group from $6.50 to $7.50 in a research report on Wednesday, July 27th. Evercore ISI raised shares of Helix Energy Solutions Group from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $6.00 to $8.00 in a research report on Wednesday, July 27th. Cowen upped their price objective on shares of Helix Energy Solutions Group from $6.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Finally, Capital One Financial increased their target price on shares of Helix Energy Solutions Group to $6.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.25.

Helix Energy Solutions Group Stock Down 0.9 %

The stock’s 50-day moving average price is $3.98 and its two-hundred day moving average price is $4.17. The stock has a market capitalization of $640.30 million, a P/E ratio of -5.41 and a beta of 2.85. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.17.

Helix Energy Solutions Group (NYSE:HLXGet Rating) last released its earnings results on Monday, July 25th. The oil and gas company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.02. Helix Energy Solutions Group had a negative net margin of 17.62% and a negative return on equity of 7.24%. During the same quarter in the prior year, the company posted ($0.09) earnings per share. As a group, research analysts expect that Helix Energy Solutions Group, Inc. will post -0.5 earnings per share for the current fiscal year.

Institutional Trading of Helix Energy Solutions Group

A number of institutional investors have recently modified their holdings of the business. Guinness Asset Management LTD lifted its stake in shares of Helix Energy Solutions Group by 7.4% during the 2nd quarter. Guinness Asset Management LTD now owns 717,104 shares of the oil and gas company’s stock valued at $2,229,000 after buying an additional 49,656 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Helix Energy Solutions Group during the 2nd quarter valued at approximately $145,000. AQR Capital Management LLC lifted its stake in shares of Helix Energy Solutions Group by 111.5% during the 2nd quarter. AQR Capital Management LLC now owns 77,214 shares of the oil and gas company’s stock valued at $239,000 after buying an additional 40,704 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Helix Energy Solutions Group by 54.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 261,261 shares of the oil and gas company’s stock valued at $810,000 after buying an additional 91,598 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of Helix Energy Solutions Group by 1,280.5% during the 2nd quarter. Voya Investment Management LLC now owns 1,335,175 shares of the oil and gas company’s stock valued at $4,139,000 after buying an additional 1,238,461 shares in the last quarter. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

About Helix Energy Solutions Group

(Get Rating)

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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