Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating) has earned an average rating of "Moderate Buy" from the eight brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $7.71.
A number of analysts have recently weighed in on HLX shares. TheStreet raised shares of Helix Energy Solutions Group from a "d+" rating to a "c-" rating in a research note on Friday, October 28th. StockNews.com lowered shares of Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research note on Thursday, November 3rd. Finally, BTIG Research raised shares of Helix Energy Solutions Group from a "neutral" rating to a "buy" rating and set a $10.00 price target for the company in a research note on Wednesday, October 26th.
Get Helix Energy Solutions Group alerts:Insider Buying and Selling
In related news, COO Scott Andrew Sparks sold 26,000 shares of the business's stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $6.93, for a total value of $180,180.00. Following the sale, the chief operating officer now directly owns 254,870 shares in the company, valued at approximately $1,766,249.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.14% of the company's stock.
Institutional Investors Weigh In On Helix Energy Solutions Group
A number of large investors have recently made changes to their positions in HLX. Point72 Hong Kong Ltd raised its holdings in shares of Helix Energy Solutions Group by 388.4% during the third quarter. Point72 Hong Kong Ltd now owns 7,423 shares of the oil and gas company's stock valued at $29,000 after acquiring an additional 5,903 shares during the period. Captrust Financial Advisors raised its holdings 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 acquiring an additional 3,298 shares during the period. KBC Group NV acquired a new stake in shares of Helix Energy Solutions Group during the second quarter valued at approximately $37,000. CWM LLC raised its holdings in shares of Helix Energy Solutions Group by 292.6% during the third quarter. CWM LLC now owns 10,000 shares of the oil and gas company's stock valued at $39,000 after acquiring an additional 7,453 shares during the period. Finally, Penn Capital Management Company LLC acquired a new stake in shares of Helix Energy Solutions Group during the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 87.78% of the company's stock.Helix Energy Solutions Group Trading Up 1.4 %
Helix Energy Solutions Group stock opened at $7.26 on Monday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $6.64 and a two-hundred day moving average price of $4.91. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -9.43 and a beta of 2.83. Helix Energy Solutions Group has a 52-week low of $2.47 and a 52-week high of $7.54.
Helix Energy Solutions Group (NYSE:HLX – Get Rating) last issued its quarterly earnings results on Monday, October 24th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.16). The company had revenue of $272.55 million during the quarter, compared to analyst estimates of $228.18 million. Helix Energy Solutions Group had a negative return on equity of 7.27% and a negative net margin of 15.44%. During the same period in the prior year, the company posted ($0.13) earnings per share. Sell-side analysts expect that Helix Energy Solutions Group will post -0.39 earnings per share for the current year.
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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