Helix Energy Solutions Group (NYSE:HLX) Trading Down 6.1%

Shares of Helix Energy Solutions Group Inc (NYSE:HLX) traded down 6.1% during trading on Wednesday . The company traded as low as $7.40 and last traded at $7.43. 894,634 shares were traded during trading, a decline of 24% from the average session volume of 1,176,279 shares. The stock had previously closed at $7.91.

A number of brokerages have issued reports on HLX. Johnson Rice upgraded shares of Helix Energy Solutions Group from an “accumulate” rating to a “buy” rating in a research report on Wednesday, April 24th. Zacks Investment Research cut shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Cowen restated an “outperform” rating and set a $10.00 target price (down previously from $11.00) on shares of Helix Energy Solutions Group in a research report on Thursday, February 21st. Finally, Raymond James upgraded shares of Helix Energy Solutions Group from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $10.00 to $11.00 in a research report on Friday, June 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Helix Energy Solutions Group presently has a consensus rating of “Buy” and a consensus target price of $10.08.

The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.14 billion, a PE ratio of 39.11 and a beta of 2.68.



Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Monday, April 22nd. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The company had revenue of $166.82 million during the quarter, compared to analysts’ expectations of $162.82 million. Helix Energy Solutions Group had a net margin of 4.37% and a return on equity of 2.00%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) earnings per share. On average, research analysts forecast that Helix Energy Solutions Group Inc will post 0.28 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Macquarie Group Ltd. raised its position in shares of Helix Energy Solutions Group by 1.1% during the fourth quarter. Macquarie Group Ltd. now owns 4,442,065 shares of the oil and gas company’s stock worth $24,031,000 after acquiring an additional 46,900 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new position in shares of Helix Energy Solutions Group during the fourth quarter worth about $287,000. Victory Capital Management Inc. raised its position in shares of Helix Energy Solutions Group by 21.6% during the first quarter. Victory Capital Management Inc. now owns 12,039,359 shares of the oil and gas company’s stock worth $95,231,000 after acquiring an additional 2,139,840 shares during the last quarter. Two Sigma Securities LLC bought a new position in shares of Helix Energy Solutions Group during the fourth quarter worth about $113,000. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of Helix Energy Solutions Group by 397.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 47,600 shares of the oil and gas company’s stock worth $258,000 after acquiring an additional 38,026 shares during the last quarter. 94.30% of the stock is owned by institutional investors and hedge funds.

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Helix Energy Solutions Group Company Profile (NYSE:HLX)

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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