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Helix Energy Solutions Group (NYSE:HLX) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a research report issued on Friday, Analyst RN reports.

The analysts wrote, “Helix Energy Solutions Group (HLX) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”

Helix Energy Solutions Group (NYSE:HLX) traded down 1.07% during mid-day trading on Friday, hitting $22.26. The stock had a trading volume of 311,415 shares. Helix Energy Solutions Group has a 52-week low of $19.44 and a 52-week high of $27.58. The stock’s 50-day moving average is $21.70 and its 200-day moving average is $23.70. The company’s market cap is $2.355 billion.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Wednesday, February 19th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.04. On average, analysts predict that Helix Energy Solutions Group will post $1.60 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on HLX. Analysts at EVA Dimensions LLC upgraded shares of Helix Energy Solutions Group from a “hold” rating to an “overweight” rating in a research note on Thursday. Separately, analysts at Raymond James upgraded shares of Helix Energy Solutions Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 13th. They now have a $27.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Helix Energy Solutions Group in a research note on Wednesday, February 12th. They now have a $27.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $26.30.

Helix Energy Solutions Group, Inc(NYSE:HLX) is an international offshore energy company that provides specialty services to the offshore energy industry, with a focus on its growing well intervention and robotics operations.

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