Helix Energy Solutions Group, Inc. (NYSE:HLX) – Equities researchers at Capital One Financial Corporation lowered their Q3 2018 earnings per share estimates for shares of Helix Energy Solutions Group in a research report issued on Monday. Capital One Financial Corporation analyst J. Gibney now forecasts that the oil and gas company will post earnings of $0.13 per share for the quarter, down from their prior estimate of $0.14. Capital One Financial Corporation currently has a “Overweight” rating on the stock. Capital One Financial Corporation also issued estimates for Helix Energy Solutions Group’s Q4 2018 earnings at $0.05 EPS and FY2018 earnings at $0.20 EPS.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Sunday, October 22nd. The oil and gas company reported $0.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.02. Helix Energy Solutions Group had a negative net margin of 12.09% and a negative return on equity of 1.21%. The firm had revenue of $163.30 million for the quarter, compared to analyst estimates of $168.97 million. During the same period in the previous year, the firm posted $0.10 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year.

TRADEMARK VIOLATION WARNING: This piece was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/10/24/helix-energy-solutions-group-inc-expected-to-post-q3-2018-earnings-of-0-13-per-share-hlx.html.

HLX has been the topic of several other research reports. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub cut shares of Helix Energy Solutions Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Cowen and Company reiterated an “outperform” rating and issued a $9.00 price target (down previously from $10.00) on shares of Helix Energy Solutions Group in a research note on Tuesday, July 25th. Piper Jaffray Companies lowered Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $7.00 to $7.30 in a research report on Wednesday, September 27th. Finally, Bank of America Corporation started coverage on shares of Helix Energy Solutions Group in a research report on Tuesday, September 5th. They set a “neutral” rating and a $7.00 price target for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $9.33.

Helix Energy Solutions Group (NYSE:HLX) traded down 1.758% during midday trading on Tuesday, hitting $6.985. 913,001 shares of the stock were exchanged. The stock’s market cap is $1.03 billion. The company’s 50 day moving average is $7.32 and its 200-day moving average is $6.29. Helix Energy Solutions Group has a 1-year low of $4.82 and a 1-year high of $11.87.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Helix Energy Solutions Group by 31,634.0% in the first quarter. BlackRock Inc. now owns 17,588,903 shares of the oil and gas company’s stock valued at $136,665,000 after buying an additional 17,533,477 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Helix Energy Solutions Group by 3.9% in the second quarter. Vanguard Group Inc. now owns 13,135,138 shares of the oil and gas company’s stock worth $74,082,000 after acquiring an additional 487,976 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Helix Energy Solutions Group by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 12,407,257 shares of the oil and gas company’s stock worth $69,976,000 after acquiring an additional 1,065,628 shares during the last quarter. GMT Capital Corp boosted its stake in shares of Helix Energy Solutions Group by 10.5% in the second quarter. GMT Capital Corp now owns 8,209,023 shares of the oil and gas company’s stock worth $42,441,000 after acquiring an additional 777,000 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Helix Energy Solutions Group by 4.5% in the second quarter. Victory Capital Management Inc. now owns 6,082,041 shares of the oil and gas company’s stock worth $34,303,000 after acquiring an additional 259,463 shares during the last quarter. Institutional investors own 86.77% of the company’s stock.

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.

Earnings History and Estimates for Helix Energy Solutions Group (NYSE:HLX)

Receive News & Ratings for Helix Energy Solutions Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helix Energy Solutions Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.