Helix Energy Solutions Group, Inc. (HLX) Given Average Rating of “Hold” by Brokerages
Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) have earned an average recommendation of “Hold” from the eleven analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $8.50.
HLX has been the topic of a number of analyst reports. Piper Jaffray Companies cut Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $7.00 to $7.30 in a research report on Wednesday, September 27th. Zacks Investment Research cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. BidaskClub raised Helix Energy Solutions Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Cowen reaffirmed a “buy” rating and set a $9.00 price objective on shares of Helix Energy Solutions Group in a research report on Friday, September 1st. Finally, Capital One Financial reaffirmed an “overweight” rating on shares of Helix Energy Solutions Group in a research report on Tuesday, October 10th.
In related news, Director Nancy K. Quinn sold 11,268 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $7.44, for a total value of $83,833.92. Following the transaction, the director now directly owns 104,107 shares of the company’s stock, valued at approximately $774,556.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Anthony Tripodo sold 6,466 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $6.92, for a total value of $44,744.72. Following the completion of the transaction, the executive vice president now directly owns 318,937 shares in the company, valued at $2,207,044.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,734 shares of company stock worth $196,079. 5.70% of the stock is owned by insiders.
Shares of Helix Energy Solutions Group (NYSE:HLX) opened at $6.75 on Friday. Helix Energy Solutions Group has a 52 week low of $4.82 and a 52 week high of $10.53. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.26.
Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.02. Helix Energy Solutions Group had a negative return on equity of 1.80% and a negative net margin of 13.72%. The firm had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $168.97 million. During the same period in the previous year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. equities research analysts anticipate that Helix Energy Solutions Group will post -0.14 earnings per share for the current fiscal year.
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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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