Helix Energy Solutions Group (NYSE:HLX) Stock Rating Lowered by StockNews.com

Helix Energy Solutions Group (NYSE:HLX) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

HLX has been the subject of several other reports. TD Cowen dropped their price target on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday. BTIG Research cut Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday. Finally, Raymond James began coverage on Helix Energy Solutions Group in a report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price target for the company.

Helix Energy Solutions Group Stock Performance

Shares of NYSE HLX traded up $0.11 during midday trading on Friday, hitting $9.36. 2,485,130 shares of the company’s stock were exchanged, compared to its average volume of 1,831,553. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. Helix Energy Solutions Group has a 12 month low of $8.82 and a 12 month high of $13.05. The company’s 50 day moving average price is $10.38 and its 200 day moving average price is $10.97. The firm has a market capitalization of $1.43 billion, a PE ratio of -44.55 and a beta of 2.41.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. Helix Energy Solutions Group had a positive return on equity of 4.35% and a negative net margin of 0.49%. During the same period last year, the firm posted $0.19 EPS. As a group, analysts predict that Helix Energy Solutions Group will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the completion of the transaction, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.37% of the company’s stock.

Hedge Funds Weigh In On Helix Energy Solutions Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLX. Vanguard Group Inc. raised its holdings in shares of Helix Energy Solutions Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock worth $144,897,000 after buying an additional 152,413 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Helix Energy Solutions Group by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock worth $131,559,000 after buying an additional 254,880 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of Helix Energy Solutions Group during the 2nd quarter worth $81,862,000. American Century Companies Inc. raised its holdings in shares of Helix Energy Solutions Group by 24.9% during the 2nd quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock worth $40,756,000 after buying an additional 680,635 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Helix Energy Solutions Group by 74.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after buying an additional 985,101 shares in the last quarter. 91.33% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.