American Century Companies Inc. boosted its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX – Free Report) by 6.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 5,030,111 shares of the oil and gas company’s stock after purchasing an additional 303,074 shares during the period. American Century Companies Inc.’s holdings in Helix Energy Solutions Group were worth $41,800,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board increased its position in Helix Energy Solutions Group by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 453,407 shares of the oil and gas company’s stock valued at $3,768,000 after acquiring an additional 97,181 shares during the period. Nuveen LLC acquired a new position in Helix Energy Solutions Group in the 1st quarter valued at about $7,378,000. Invesco Ltd. increased its position in Helix Energy Solutions Group by 0.4% in the 1st quarter. Invesco Ltd. now owns 1,002,034 shares of the oil and gas company’s stock valued at $8,327,000 after acquiring an additional 4,313 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Helix Energy Solutions Group by 4.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,161 shares of the oil and gas company’s stock worth $309,000 after purchasing an additional 1,634 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Helix Energy Solutions Group by 6.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,338,193 shares of the oil and gas company’s stock worth $19,430,000 after purchasing an additional 148,834 shares during the period. Institutional investors and hedge funds own 91.33% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on HLX shares. Wall Street Zen cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Raymond James Financial reiterated an “outperform” rating and set a $9.00 target price (down previously from $10.00) on shares of Helix Energy Solutions Group in a research report on Friday, July 25th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.
Helix Energy Solutions Group Price Performance
Shares of NYSE:HLX opened at $5.7020 on Thursday. The company has a market cap of $838.11 million, a P/E ratio of 17.82 and a beta of 1.53. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 52 week low of $5.52 and a 52 week high of $12.33. The business has a fifty day simple moving average of $6.34 and a 200-day simple moving average of $6.96.
Helix Energy Solutions Group (NYSE:HLX – Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The business had revenue of $302.29 million during the quarter, compared to analysts’ expectations of $326.62 million. Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.23%. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. Equities research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.
About Helix Energy Solutions Group
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.
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