Helix Energy Solutions Group (NYSE:HLX) Cut to Outperform at Raymond James

Raymond James cut shares of Helix Energy Solutions Group (NYSE:HLX) from a strong-buy rating to an outperform rating in a research note released on Friday, Marketbeat Ratings reports. The brokerage currently has $10.00 price objective on the oil and gas company’s stock, down from their prior price objective of $14.00.

Helix Energy Solutions Group Stock Performance

NYSE HLX opened at $6.29 on Friday. The company has a fifty day moving average price of $7.62 and a 200-day moving average price of $8.81. The firm has a market cap of $953.12 million, a price-to-earnings ratio of 157.29 and a beta of 1.91. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. Helix Energy Solutions Group has a 1 year low of $5.66 and a 1 year high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.07. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The business had revenue of $278.06 million during the quarter, compared to the consensus estimate of $285.06 million. As a group, equities research analysts predict that Helix Energy Solutions Group will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Barclays PLC grew its position in Helix Energy Solutions Group by 269.0% during the third quarter. Barclays PLC now owns 306,482 shares of the oil and gas company’s stock valued at $3,402,000 after buying an additional 223,432 shares during the period. Principal Financial Group Inc. boosted its stake in Helix Energy Solutions Group by 38.6% in the third quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company’s stock valued at $22,919,000 after acquiring an additional 575,450 shares during the last quarter. Diversified Trust Co grew its position in shares of Helix Energy Solutions Group by 12.6% during the 4th quarter. Diversified Trust Co now owns 55,568 shares of the oil and gas company’s stock valued at $518,000 after acquiring an additional 6,220 shares during the period. KBC Group NV increased its stake in shares of Helix Energy Solutions Group by 61.8% during the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock worth $85,000 after purchasing an additional 3,491 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Helix Energy Solutions Group by 16.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock worth $61,016,000 after purchasing an additional 923,477 shares during the period. Institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.