Helix Energy Solutions Group (NYSE:HLX) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.12 and traded as high as $10.06. Helix Energy Solutions Group shares last traded at $9.6510, with a volume of 1,198,810 shares changing hands.

Analyst Ratings Changes

A number of research firms recently issued reports on HLX. Weiss Ratings restated a “sell (d+)” rating on shares of Helix Energy Solutions Group in a research note on Friday. TD Cowen lifted their price target on Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $14.00.

Helix Energy Solutions Group Trading Down 2.6%

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 $9.35 and its 200-day moving average price is $9.12. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 96.51 and a beta of 1.12.

Hedge Funds Weigh In On Helix Energy Solutions Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in Helix Energy Solutions Group during the 4th quarter worth approximately $27,000. Royal Bank of Canada lifted its holdings in shares of Helix Energy Solutions Group by 175.9% in the 4th quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 4,458 shares during the period. Aaron Wealth Advisors LLC acquired a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at approximately $74,000. XTX Topco Ltd purchased a new stake in shares of Helix Energy Solutions Group in the second quarter valued at approximately $80,000. Finally, Inscription Capital LLC purchased a new stake in shares of Helix Energy Solutions Group in the fourth quarter valued at approximately $83,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

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.