Helix Energy Solutions Group, Inc. (NYSE:HLX) has been given a $9.00 target price by research analysts at Cowen and Company in a report released on Friday. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Cowen and Company’s price target would suggest a potential upside of 35.75% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Piper Jaffray Companies cut shares of Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $7.00 to $7.30 in a research report on Wednesday, September 27th. Bank of America Corporation started coverage on shares of Helix Energy Solutions Group in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $7.00 price objective for the company. Morgan Stanley reissued an “overweight” rating and issued a $8.00 price objective (down from $15.00) on shares of Helix Energy Solutions Group in a research report on Wednesday, June 21st. Finally, BidaskClub raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $9.33.

Shares of Helix Energy Solutions Group (HLX) traded down 4.05% during mid-day trading on Friday, hitting $6.63. The stock had a trading volume of 1,511,731 shares. The stock’s market cap is $979.14 million. Helix Energy Solutions Group has a 12-month low of $4.82 and a 12-month high of $11.87. The company’s 50 day moving average price is $6.82 and its 200 day moving average price is $6.29.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Sunday, July 23rd. The oil and gas company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Helix Energy Solutions Group had a negative return on equity of 1.21% and a negative net margin of 12.09%. The business had revenue of $150.30 million for the quarter, compared to analysts’ expectations of $141.03 million. During the same period last year, the company posted ($0.10) earnings per share. The firm’s revenue for the quarter was up 40.2% on a year-over-year basis. Equities research analysts predict that Helix Energy Solutions Group will post ($0.14) EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of the company. Green Square Capital LLC raised its stake in shares of Helix Energy Solutions Group by 1.7% in the 2nd quarter. Green Square Capital LLC now owns 21,392 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 359 shares in the last quarter. Amalgamated Bank raised its stake in shares of Helix Energy Solutions Group by 3.8% in the 2nd quarter. Amalgamated Bank now owns 18,427 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 683 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Helix Energy Solutions Group by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 100,257 shares of the oil and gas company’s stock valued at $565,000 after purchasing an additional 833 shares in the last quarter. Keybank National Association OH raised its stake in shares of Helix Energy Solutions Group by 1.1% in the 2nd quarter. Keybank National Association OH now owns 155,000 shares of the oil and gas company’s stock valued at $874,000 after purchasing an additional 1,620 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Helix Energy Solutions Group by 6.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 32,420 shares of the oil and gas company’s stock valued at $183,000 after purchasing an additional 1,920 shares in the last quarter. Institutional investors and hedge funds own 86.85% of the company’s stock.

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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