Helix Energy Solutions Group (NYSE:HLX) Shares Down 5.2%

Helix Energy Solutions Group Inc (NYSE:HLX)’s share price traded down 5.2% on Wednesday . The stock traded as low as $7.07 and last traded at $7.09, 869,977 shares traded hands during mid-day trading. A decline of 23% from the average session volume of 1,129,635 shares. The stock had previously closed at $7.48.

Several analysts have weighed in on the stock. Johnson Rice upgraded shares of Helix Energy Solutions Group from an “accumulate” rating to a “buy” rating in a research note on Wednesday, April 24th. Raymond James upgraded shares of Helix Energy Solutions Group from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $10.00 to $11.00 in a research note on Friday, June 7th. Finally, Zacks Investment Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Helix Energy Solutions Group presently has an average rating of “Buy” and an average target price of $10.08.

The company’s 50-day moving average is $8.23. The stock has a market cap of $1.10 billion, a P/E ratio of 37.76 and a beta of 2.79. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.29.



Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Wednesday, July 24th. The oil and gas company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.04). The firm had revenue of $201.73 million during the quarter, compared to analyst estimates of $203.99 million. Helix Energy Solutions Group had a net margin of 4.27% and a return on equity of 1.93%. Helix Energy Solutions Group’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. As a group, equities research analysts expect that Helix Energy Solutions Group Inc will post 0.31 EPS for the current year.

Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Helix Energy Solutions Group by 0.8% in the 2nd quarter. BlackRock Inc. now owns 20,829,899 shares of the oil and gas company’s stock valued at $179,762,000 after buying an additional 159,083 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Helix Energy Solutions Group by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 15,151,403 shares of the oil and gas company’s stock valued at $130,756,000 after buying an additional 212,471 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Helix Energy Solutions Group by 21.6% in the 1st quarter. Victory Capital Management Inc. now owns 12,039,359 shares of the oil and gas company’s stock valued at $95,231,000 after buying an additional 2,139,840 shares in the last quarter. Rothschild & Co. Asset Management US Inc. raised its position in shares of Helix Energy Solutions Group by 4.0% in the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 3,150,800 shares of the oil and gas company’s stock valued at $27,191,000 after buying an additional 122,216 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in shares of Helix Energy Solutions Group by 12.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,016,047 shares of the oil and gas company’s stock valued at $17,398,000 after buying an additional 219,392 shares in the last quarter. Institutional investors own 94.83% of the company’s stock.

About Helix Energy Solutions Group (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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