Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating) reached a new 52-week high during trading on Wednesday . The stock traded as high as $8.13 and last traded at $8.03, with a volume of 4203 shares changing hands. The stock had previously closed at $8.04.

Analysts Set New Price Targets

HLX has been the topic of several recent research reports. StockNews.com lowered shares of Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a report on Thursday, November 3rd. BTIG Research raised shares of Helix Energy Solutions Group from a "neutral" rating to a "buy" rating and set a $10.00 target price on the stock in a report on Wednesday, October 26th. Finally, TheStreet raised shares of Helix Energy Solutions Group from a "d+" rating to a "c-" rating in a report on Friday, October 28th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $7.71.

Helix Energy Solutions Group Price Performance

The business's 50 day moving average price is $6.77 and its two-hundred day moving average price is $5.13. The stock has a market cap of $1.21 billion, a P/E ratio of -10.43 and a beta of 2.82. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.15.

Insider Activity

In other news, COO Scott Andrew Sparks sold 26,000 shares of Helix Energy Solutions Group stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $6.93, for a total transaction of $180,180.00. Following the sale, the chief operating officer now owns 254,870 shares of the company's stock, valued at approximately $1,766,249.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.14% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in Helix Energy Solutions Group by 1.4% during the 1st quarter. BlackRock Inc. now owns 24,420,826 shares of the oil and gas company's stock valued at $116,732,000 after acquiring an additional 345,052 shares during the period. Vanguard Group Inc. lifted its position in Helix Energy Solutions Group by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 13,199,356 shares of the oil and gas company's stock valued at $63,094,000 after acquiring an additional 579,466 shares during the period. Van ECK Associates Corp lifted its position in Helix Energy Solutions Group by 6.4% during the 2nd quarter. Van ECK Associates Corp now owns 7,877,907 shares of the oil and gas company's stock valued at $24,422,000 after acquiring an additional 472,058 shares during the period. Dimensional Fund Advisors LP lifted its position in Helix Energy Solutions Group by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,729,351 shares of the oil and gas company's stock valued at $36,947,000 after acquiring an additional 408,843 shares during the period. Finally, State Street Corp lifted its position in Helix Energy Solutions Group by 12.4% during the 1st quarter. State Street Corp now owns 7,200,373 shares of the oil and gas company's stock valued at $34,418,000 after acquiring an additional 794,783 shares during the period. 87.78% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Company Profile

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Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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