Shares of Helix Energy Solutions Group Inc (NYSE:HLX) have earned a consensus rating of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $8.40.
A number of research firms have recently commented on HLX. ValuEngine cut shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Capital One Financial reissued an “overweight” rating on shares of Helix Energy Solutions Group in a report on Tuesday, October 10th. Bank of America cut shares of Helix Energy Solutions Group from a “neutral” rating to an “underperform” rating and set a $7.00 target price for the company. in a report on Tuesday, January 16th. Finally, Piper Jaffray Companies set a $7.00 target price on shares of Helix Energy Solutions Group and gave the stock a “hold” rating in a report on Sunday, December 31st.
Shares of Helix Energy Solutions Group (NYSE HLX) opened at $7.44 on Friday. The firm has a market capitalization of $1,115.29, a PE ratio of -12.61 and a beta of 2.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 2.02. Helix Energy Solutions Group has a one year low of $4.82 and a one year high of $8.73.
A number of hedge funds and other institutional investors have recently modified their holdings of HLX. Amalgamated Bank raised its holdings in 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 buying an additional 683 shares during the last quarter. Jane Street Group LLC bought a new position in Helix Energy Solutions Group in the 3rd quarter valued at approximately $118,000. Green Square Capital LLC raised its holdings in 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 buying an additional 359 shares during the last quarter. GSA Capital Partners LLP bought a new position in Helix Energy Solutions Group in the 2nd quarter valued at approximately $151,000. Finally, Piedmont Investment Advisors LLC bought a new position in Helix Energy Solutions Group in the 2nd quarter valued at approximately $169,000. Institutional investors and hedge funds own 85.98% of the company’s stock.
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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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