Helix Energy Solutions Group Inc. (NYSE:HLX) shares shot up 5.4% during trading on Wednesday . The company traded as high as $7.38 and last traded at $7.37, with a volume of 1,376,914 shares trading hands. The stock had previously closed at $6.99.

A number of brokerages have commented on HLX. Stephens cut shares of Helix Energy Solutions Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $9.00 to $8.00 in a research report on Friday, June 3rd. Clarkson Capital upgraded shares of Helix Energy Solutions Group from a “neutral” rating to a “buy” rating in a report on Tuesday, July 26th. Simmons restated a “buy” rating and issued a $9.10 target price (up previously from $8.00) on shares of Helix Energy Solutions Group in a report on Tuesday, June 21st. Credit Suisse Group AG restated a “buy” rating and issued a $10.00 target price on shares of Helix Energy Solutions Group in a report on Wednesday, July 20th. Finally, Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $8.98.

The firm’s 50 day moving average is $7.68 and its 200-day moving average is $7.11. The company’s market cap is $830.15 million.

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Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Tuesday, July 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.10). Helix Energy Solutions Group had a negative return on equity of 2.49% and a negative net margin of 80.32%. During the same quarter in the previous year, the business posted ($0.03) EPS. On average, equities analysts expect that Helix Energy Solutions Group Inc. will post ($0.36) EPS for the current year.

Several hedge funds have recently modified their holdings of the company. Royce & Associates LP purchased a new stake in shares of Helix Energy Solutions Group during the first quarter valued at about $154,000. Squarepoint Ops LLC boosted its stake in shares of Helix Energy Solutions Group by 780.6% in the first quarter. Squarepoint Ops LLC now owns 101,955 shares of the company’s stock valued at $571,000 after buying an additional 90,377 shares during the period. Aperio Group LLC boosted its stake in shares of Helix Energy Solutions Group by 21.3% in the first quarter. Aperio Group LLC now owns 66,081 shares of the company’s stock valued at $370,000 after buying an additional 11,582 shares during the period. Rothschild Asset Management Inc. boosted its stake in shares of Helix Energy Solutions Group by 46.8% in the second quarter. Rothschild Asset Management Inc. now owns 317,226 shares of the company’s stock valued at $2,144,000 after buying an additional 101,071 shares during the period. Finally, Palisade Capital Management LLC NJ purchased a new stake in shares of Helix Energy Solutions Group during the first quarter valued at about $517,000. 86.49% of the stock is currently owned by institutional investors and hedge funds.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.

5 Day Chart for NYSE:HLX

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