Helix Energy Solutions Group (NYSE:HLX) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.50 and traded as high as $9.83. Helix Energy Solutions Group shares last traded at $9.7450, with a volume of 801,742 shares trading hands.

Wall Street Analyst Weigh In

HLX has been the topic of several research reports. TD Cowen upped their price objective on shares of Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Weiss Ratings lowered shares of Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.50.

Helix Energy Solutions Group Trading Up 5.5%

The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average is $9.77 and its 200-day moving average is $8.50. The firm has a market capitalization of $1.44 billion, a P/E ratio of 97.45 and a beta of 1.11.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). The business had revenue of $287.95 million during the quarter, compared to the consensus estimate of $260.89 million. Helix Energy Solutions Group had a net margin of 1.10% and a return on equity of 1.82%. Helix Energy Solutions Group’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.33 earnings per share for the current fiscal year.

Institutional Trading of Helix Energy Solutions Group

Several large investors have recently modified their holdings of HLX. Quarry LP bought a new stake in shares of Helix Energy Solutions Group during the 4th quarter worth $27,000. Royal Bank of Canada boosted its holdings in shares of Helix Energy Solutions Group by 175.9% during the 4th quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock worth $44,000 after buying an additional 4,458 shares during the period. Drucker Wealth 3.0 LLC bought a new stake in Helix Energy Solutions Group in the 3rd quarter valued at $66,000. Federated Hermes Inc. bought a new stake in Helix Energy Solutions Group in the 3rd quarter valued at $74,000. Finally, Aaron Wealth Advisors LLC bought a new stake in Helix Energy Solutions Group in the 4th quarter valued at $74,000. 91.33% of the stock is owned by institutional investors.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.