Helix Energy Solutions Group Inc. to Post Q3 2016 Earnings of $0.03 Per Share, DA Davidson Forecasts (HLX)
Helix Energy Solutions Group Inc. (NYSE:HLX) – Equities research analysts at DA Davidson issued their Q3 2016 earnings per share estimates for shares of Helix Energy Solutions Group in a report issued on Wednesday. DA Davidson analyst S. Randhawa expects that the firm will earn $0.03 per share for the quarter. DA Davidson currently has a “Buy” rating and a $12.00 target price on the stock. DA Davidson also issued estimates for Helix Energy Solutions Group’s Q4 2016 earnings at ($0.01) EPS, FY2016 earnings at ($0.34) EPS, Q1 2017 earnings at ($0.07) EPS, Q2 2017 earnings at ($0.05) EPS, Q3 2017 earnings at $0.03 EPS, Q4 2017 earnings at $0.02 EPS, FY2017 earnings at ($0.08) EPS and FY2018 earnings at $0.31 EPS.
Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Tuesday, July 19th. The company reported ($0.10) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.10). Helix Energy Solutions Group had a negative net margin of 80.32% and a negative return on equity of 2.49%. During the same quarter in the previous year, the business posted ($0.03) earnings per share.
Other equities research analysts also recently issued research reports about the stock. Clarkson Capital raised shares of Helix Energy Solutions Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 26th. Simmons reaffirmed a “buy” rating and set a $9.10 price objective (up previously from $8.00) on shares of Helix Energy Solutions Group in a research report on Tuesday, June 21st. Credit Suisse Group AG reaffirmed a “buy” rating and set a $10.00 price objective on shares of Helix Energy Solutions Group in a research report on Wednesday, July 20th. Iberia Capital raised shares of Helix Energy Solutions Group to an “outperform” rating in a research note on Friday, August 19th. Finally, Zacks Investment Research raised shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research note on Tuesday, September 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $9.25.
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Helix Energy Solutions Group (NYSE:HLX) opened at 9.16 on Monday. The stock’s 50 day moving average is $7.65 and its 200-day moving average is $7.36. The stock’s market capitalization is $1.03 billion. Helix Energy Solutions Group has a 52 week low of $2.60 and a 52 week high of $9.62.
Several hedge funds have recently modified their holdings of HLX. Aperio Group LLC raised 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 worth $370,000 after buying an additional 11,582 shares in the last quarter. Franklin Resources Inc. raised its stake in Helix Energy Solutions Group by 18.8% in the first quarter. Franklin Resources Inc. now owns 2,103,650 shares of the company’s stock valued at $11,780,000 after buying an additional 332,600 shares in the last quarter. BlackRock Fund Advisors raised its stake in Helix Energy Solutions Group by 1.7% in the first quarter. BlackRock Fund Advisors now owns 6,809,372 shares of the company’s stock valued at $38,132,000 after buying an additional 116,314 shares in the last quarter. Palisade Capital Management LLC NJ acquired a new stake in Helix Energy Solutions Group during the first quarter valued at approximately $517,000. Finally, Royce & Associates LP acquired a new stake in Helix Energy Solutions Group during the first quarter valued at approximately $154,000. 86.49% of the stock is owned by institutional investors.
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.
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