Louisiana State Employees Retirement System Takes Position in Helix Energy Solutions Group, Inc. $HLX

Louisiana State Employees Retirement System bought a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 60,700 shares of the oil and gas company’s stock, valued at approximately $600,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its stake in shares of Helix Energy Solutions Group by 893.7% in the third quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock worth $26,409,000 after buying an additional 3,620,563 shares during the last quarter. Invesco Ltd. raised its position in Helix Energy Solutions Group by 219.2% during the second quarter. Invesco Ltd. now owns 3,198,950 shares of the oil and gas company’s stock valued at $19,961,000 after acquiring an additional 2,196,916 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in Helix Energy Solutions Group in the second quarter valued at approximately $10,296,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in Helix Energy Solutions Group in the 3rd quarter worth approximately $6,855,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Helix Energy Solutions Group in the 4th quarter worth approximately $5,805,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Helix Energy Solutions Group Trading Up 2.3%

Shares of NYSE:HLX opened at $8.71 on Wednesday. Helix Energy Solutions Group, Inc. has a 1 year low of $5.52 and a 1 year high of $10.75. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 87.05 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.92 and a quick ratio of 2.92. The business’s 50 day moving average price is $9.50 and its 200-day moving average price is $8.81.

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

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.