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.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlueCrest Capital Management Ltd lifted its holdings in Helix Energy Solutions Group by 120.2% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 674,578 shares of the oil and gas company’s stock worth $3,805,000 after purchasing an additional 368,282 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in Helix Energy Solutions Group by 1.3% in the 2nd quarter. William Blair Investment Management LLC now owns 1,286,000 shares of the oil and gas company’s stock worth $7,253,000 after purchasing an additional 16,187 shares in the last quarter. Shell Asset Management Co. lifted its holdings in Helix Energy Solutions Group by 97.8% in the 3rd quarter. Shell Asset Management Co. now owns 137,199 shares of the oil and gas company’s stock worth $3,027,000 after purchasing an additional 67,844 shares in the last quarter. South Dakota Investment Council lifted its holdings in Helix Energy Solutions Group by 68.0% in the 3rd quarter. South Dakota Investment Council now owns 214,249 shares of the oil and gas company’s stock worth $1,583,000 after purchasing an additional 86,749 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in Helix Energy Solutions Group by 109.9% in the 2nd quarter. Wedbush Securities Inc. now owns 46,600 shares of the oil and gas company’s stock worth $263,000 after purchasing an additional 24,400 shares in the last quarter. 86.04% of the stock is currently owned by institutional investors.

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.

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

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