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Helix Energy Solutions Group (NYSE:HLX) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Tuesday. They currently have a $27.40 price target on the stock. Zacks‘s price objective points to a potential upside of 6.41% from the company’s current price.

In other Helix Energy Solutions Group news, Director William L. Transier unloaded 15,000 shares of Helix Energy Solutions Group stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $25.16, for a total transaction of $377,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Helix Energy Solutions Group (NYSE:HLX) traded down 0.27% during mid-day trading on Tuesday, hitting $25.68. 610,992 shares of the company’s stock traded hands. Helix Energy Solutions Group has a 52 week low of $19.44 and a 52 week high of $27.58. The stock has a 50-day moving average of $23.98 and a 200-day moving average of $22.92. The company has a market cap of $2.710 billion and a P/E ratio of 16.89.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings data on Monday, April 21st. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.07. The company had revenue of $253.57 million for the quarter, compared to the consensus estimate of $227.65 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 28.4% on a year-over-year basis. On average, analysts predict that Helix Energy Solutions Group will post $1.66 earnings per share for the current fiscal year.

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.

To view Zacks’ full report, visit Zacks’ official website.

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