Shares of Helix Energy Solutions Group Inc (NYSE:HLX) have earned a consensus rating of “Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $9.20.
HLX has been the topic of a number of recent research reports. Zacks Investment Research raised Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Thursday, July 26th. ValuEngine raised Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th.
Helix Energy Solutions Group stock opened at $9.01 on Friday. Helix Energy Solutions Group has a twelve month low of $5.44 and a twelve month high of $10.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.50 and a current ratio of 2.50. The firm has a market cap of $1.36 billion, a PE ratio of -60.07 and a beta of 2.56.
Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Monday, July 23rd. The oil and gas company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Helix Energy Solutions Group had a return on equity of 1.05% and a net margin of 9.79%. The business had revenue of $204.63 million for the quarter, compared to analyst estimates of $183.54 million. During the same quarter in the prior year, the company earned ($0.03) earnings per share. The company’s revenue was up 36.1% on a year-over-year basis. analysts predict that Helix Energy Solutions Group will post 0.19 EPS for the current year.
In related news, CEO Owen E. Kratz sold 271,532 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $10.09, for a total transaction of $2,739,757.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.85% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Energy Opportunities Capital Management LLC grew its stake in shares of Helix Energy Solutions Group by 116.1% during the second quarter. Energy Opportunities Capital Management LLC now owns 700,480 shares of the oil and gas company’s stock worth $5,835,000 after purchasing an additional 376,390 shares in the last quarter. Global X Management Co LLC acquired a new position in shares of Helix Energy Solutions Group during the second quarter worth $4,574,000. Guinness Asset Management Ltd grew its stake in shares of Helix Energy Solutions Group by 13.1% during the second quarter. Guinness Asset Management Ltd now owns 660,295 shares of the oil and gas company’s stock worth $5,500,000 after purchasing an additional 76,600 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Helix Energy Solutions Group during the second quarter worth $448,000. Finally, Waddell & Reed Financial Inc. acquired a new position in shares of Helix Energy Solutions Group during the second quarter worth $8,628,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.
Helix Energy Solutions Group Company Profile
Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.
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