Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) have been assigned a consensus recommendation of “Buy” from the twelve research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.67.

A number of analysts have recently issued reports on HLX shares. Tudor Pickering upgraded Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a research report on Monday, April 3rd. Zacks Investment Research upgraded Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a research report on Tuesday, April 25th. ValuEngine cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Cowen and Company upgraded Helix Energy Solutions Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $8.00 to $10.00 in a research report on Monday, June 5th. Finally, Morgan Stanley restated an “overweight” rating and set a $8.00 price objective (down from $15.00) on shares of Helix Energy Solutions Group in a research report on Wednesday, June 21st.

A number of hedge funds have recently made changes to their positions in the stock. Vident Investment Advisory LLC boosted its stake in shares of Helix Energy Solutions Group by 21.6% in the fourth quarter. Vident Investment Advisory LLC now owns 152,805 shares of the oil and gas company’s stock worth $1,348,000 after buying an additional 27,175 shares during the period. Highbridge Capital Management LLC boosted its stake in shares of Helix Energy Solutions Group by 564.9% in the fourth quarter. Highbridge Capital Management LLC now owns 152,273 shares of the oil and gas company’s stock valued at $1,343,000 after buying an additional 129,370 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Helix Energy Solutions Group by 447.7% in the fourth quarter. Teachers Advisors LLC now owns 931,995 shares of the oil and gas company’s stock valued at $8,220,000 after buying an additional 761,840 shares during the last quarter. Round Table Services LLC acquired a new stake in shares of Helix Energy Solutions Group during the first quarter valued at approximately $163,000. Finally, Swiss National Bank boosted its stake in shares of Helix Energy Solutions Group by 28.4% in the first quarter. Swiss National Bank now owns 225,900 shares of the oil and gas company’s stock valued at $1,755,000 after buying an additional 50,000 shares during the last quarter. Hedge funds and other institutional investors own 89.13% of the company’s stock.

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Helix Energy Solutions Group (NYSE HLX) opened at 5.71 on Tuesday. The firm’s market cap is $843.10 million. Helix Energy Solutions Group has a 12-month low of $4.82 and a 12-month high of $11.87. The firm has a 50-day moving average of $5.46 and a 200-day moving average of $7.31.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Sunday, April 23rd. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.03. The business had revenue of $104.50 million for 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%. Helix Energy Solutions Group’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.26) earnings per share. On average, analysts expect that Helix Energy Solutions Group will post ($0.20) EPS for the current year.

Helix Energy Solutions Group Company Profile

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.

Analyst Recommendations for Helix Energy Solutions Group (NYSE:HLX)

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