Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $4.22, but opened at $3.97. Helix Energy Solutions Group shares last traded at $3.74, with a volume of 45,505 shares traded.
Analysts Set New Price Targets
HLX has been the subject of a number of recent research reports. Cowen boosted their target price on Helix Energy Solutions Group from $6.50 to $7.50 and gave the stock an "outperform" rating in a research report on Wednesday, July 27th. Capital One Financial boosted their target price on Helix Energy Solutions Group to $6.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 27th. StockNews.com cut Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research note on Saturday, August 20th. Cowen lifted their price target on Helix Energy Solutions Group from $6.50 to $7.50 in a research note on Wednesday, July 27th. Finally, Evercore ISI raised Helix Energy Solutions Group from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $6.00 to $8.00 in a research note on Wednesday, July 27th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $7.25.
Get Helix Energy Solutions Group alerts:Helix Energy Solutions Group Stock Down 11.6 %
The company has a debt-to-equity ratio of 0.17, a current ratio of 2.09 and a quick ratio of 2.09. The stock has a market capitalization of $565.95 million, a PE ratio of -4.78 and a beta of 2.85. The company has a 50 day moving average price of $4.00 and a 200-day moving average price of $4.15.
Helix Energy Solutions Group (NYSE:HLX – Get Rating) last posted its earnings results on Monday, July 25th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.02. Helix Energy Solutions Group had a negative return on equity of 7.24% and a negative net margin of 17.62%. During the same quarter in the previous year, the firm earned ($0.09) EPS. As a group, analysts forecast that Helix Energy Solutions Group, Inc. will post -0.5 earnings per share for the current fiscal year.Hedge Funds Weigh In On Helix Energy Solutions Group
Hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors increased its stake in shares of Helix Energy Solutions Group by 91.4% during the first quarter. Captrust Financial Advisors now owns 6,907 shares of the oil and gas company's stock valued at $33,000 after buying an additional 3,298 shares during the period. KBC Group NV purchased a new stake in Helix Energy Solutions Group in the second quarter worth $37,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Helix Energy Solutions Group by 101.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,167 shares of the oil and gas company's stock worth $72,000 after purchasing an additional 11,673 shares during the period. Sawtooth Solutions LLC purchased a new stake in Helix Energy Solutions Group in the first quarter worth $72,000. Finally, Mutual of America Capital Management LLC grew its stake in Helix Energy Solutions Group by 17.2% in the second quarter. Mutual of America Capital Management LLC now owns 23,943 shares of the oil and gas company's stock worth $74,000 after purchasing an additional 3,506 shares during the period. 91.32% 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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