Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) have been given an average recommendation of “Buy” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $10.67.

Several equities research analysts recently commented on HLX shares. Stephens raised Helix Energy Solutions Group from an “equal weight” rating to an “overweight” rating and set a $10.00 price target for the company in a research note on Tuesday, February 28th. ValuEngine cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Zacks Investment Research cut Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Morgan Stanley reissued an “overweight” rating and issued a $8.00 price target (down previously from $15.00) on shares of Helix Energy Solutions Group in a research note on Wednesday. Finally, Cowen and Company reissued an “outperform” rating and issued a $10.00 price target on shares of Helix Energy Solutions Group in a research note on Tuesday.

Helix Energy Solutions Group (NYSE:HLX) opened at 5.20 on Friday. Helix Energy Solutions Group has a 12-month low of $4.82 and a 12-month high of $11.87. The company has a 50-day moving average of $5.61 and a 200 day moving average of $7.56. The stock’s market cap is $767.80 million.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Sunday, April 23rd. The oil and gas company reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.03. The business had revenue of $104.50 million during the quarter, compared to analysts’ expectations of $110.22 million. Helix Energy Solutions Group had a negative return on equity of 1.58% and a negative net margin of 13.98%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.26) EPS. Equities analysts anticipate that Helix Energy Solutions Group will post ($0.19) earnings per share for the current year.

A number of large investors have recently bought and sold shares of HLX. Janney Montgomery Scott LLC raised its stake in Helix Energy Solutions Group by 0.8% in the first quarter. Janney Montgomery Scott LLC now owns 13,794 shares of the oil and gas company’s stock valued at $107,000 after buying an additional 109 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in Helix Energy Solutions Group during the fourth quarter valued at $108,000. Princeton Alpha Management LP raised its stake in Helix Energy Solutions Group by 4.8% in the first quarter. Princeton Alpha Management LP now owns 14,619 shares of the oil and gas company’s stock valued at $114,000 after buying an additional 667 shares during the period. State of Alaska Department of Revenue raised its stake in Helix Energy Solutions Group by 25.0% in the first quarter. State of Alaska Department of Revenue now owns 15,160 shares of the oil and gas company’s stock valued at $117,000 after buying an additional 3,030 shares during the period. Finally, Tudor Investment Corp ET AL bought a new stake in Helix Energy Solutions Group during the first quarter valued at $129,000. Hedge funds and other institutional investors own 89.44% of the company’s stock.

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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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