OP Asset Management Ltd Takes Position in Helix Energy Solutions Group, Inc. $HLX

OP Asset Management Ltd purchased a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 132,142 shares of the oil and gas company’s stock, valued at approximately $1,307,000. OP Asset Management Ltd owned about 0.09% of Helix Energy Solutions Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP purchased a new position in Helix Energy Solutions Group in the fourth quarter valued at about $27,000. Royal Bank of Canada lifted 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 valued at $44,000 after buying an additional 4,458 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new stake in shares of Helix Energy Solutions Group during the 4th quarter valued at about $74,000. XTX Topco Ltd bought a new stake in shares of Helix Energy Solutions Group in the 2nd quarter valued at approximately $80,000. Finally, Inscription Capital LLC bought a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at approximately $83,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Trading Down 1.6%

Shares of NYSE:HLX opened at $8.72 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.92 and a current ratio of 2.92. The stock’s 50-day moving average is $9.60 and its 200-day moving average is $8.74. The company has a market cap of $1.29 billion, a P/E ratio of 87.25 and a beta of 1.11. Helix Energy Solutions Group, Inc. has a 52-week low of $5.52 and a 52-week high of $10.75.

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 for the quarter, hitting the consensus estimate of ($0.09). Helix Energy Solutions Group had a return on equity of 1.82% and a net margin of 1.10%.The business had revenue of $287.95 million during the quarter, compared to analysts’ expectations of $260.89 million. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

HLX has been the topic of several recent research reports. Weiss Ratings lowered Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. TD Cowen lifted 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 equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.50.

Helix Energy Solutions Group Profile

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.