Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating)'s stock price hit a new 52-week high on Thursday . The company traded as high as $7.91 and last traded at $7.86, with a volume of 61260 shares traded. The stock had previously closed at $7.67.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. BTIG Research raised Helix Energy Solutions Group from a "neutral" rating to a "buy" rating and set a $10.00 target price for the company in a research report on Wednesday, October 26th. TheStreet raised Helix Energy Solutions Group from a "d+" rating to a "c-" rating in a research report on Friday, October 28th. Finally, StockNews.com lowered Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $7.71.
Get Helix Energy Solutions Group alerts:Helix Energy Solutions Group Stock Up 2.7 %
The company's fifty day moving average is $6.68 and its 200-day moving average is $4.99. The company has a market capitalization of $1.20 billion, a PE ratio of -9.96 and a beta of 2.82. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.44 and a current ratio of 1.44.
Helix Energy Solutions Group (NYSE:HLX – Get Rating) last posted its quarterly earnings results on Monday, October 24th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.16). Helix Energy Solutions Group had a negative return on equity of 7.27% and a negative net margin of 15.44%. The business had revenue of $272.55 million during the quarter, compared to the consensus estimate of $228.18 million. During the same quarter in the previous year, the company earned ($0.13) earnings per share. As a group, analysts predict that Helix Energy Solutions Group, Inc. will post -0.39 EPS for the current fiscal year.Insiders Place Their Bets
In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 26,000 shares of the company's stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $6.93, for a total value of $180,180.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 6.14% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of HLX. Point72 Hong Kong Ltd boosted its position in shares of Helix Energy Solutions Group by 388.4% during the 3rd 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 last quarter. Captrust Financial Advisors lifted its position in Helix Energy Solutions Group by 91.4% in the first quarter. Captrust Financial Advisors now owns 6,907 shares of the oil and gas company's stock worth $33,000 after buying an additional 3,298 shares during the last quarter. KBC Group NV bought a new stake in Helix Energy Solutions Group in the second quarter worth $37,000. CWM LLC lifted its position in Helix Energy Solutions Group by 292.6% in the third quarter. CWM LLC now owns 10,000 shares of the oil and gas company's stock worth $39,000 after buying an additional 7,453 shares during the last quarter. Finally, Penn Capital Management Company LLC bought a new stake in Helix Energy Solutions Group in the third quarter worth $42,000. 87.78% of the stock is currently owned by institutional investors.
About Helix Energy Solutions Group
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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.
Read More
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