Helix Energy Solutions Group’s (HLX) Sell (D+) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d+) rating on shares of Helix Energy Solutions Group (NYSE:HLX) in a research note published on Tuesday,Weiss Ratings reports.

Other research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Raymond James Financial restated an “outperform” rating and set a $9.00 price target (down from $10.00) on shares of Helix Energy Solutions Group in a research report on Friday, July 25th. Finally, Zacks Research upgraded shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.00.

Helix Energy Solutions Group Stock Down 0.6%

HLX opened at $6.25 on Tuesday. The company has a fifty day moving average price of $6.33 and a 200-day moving average price of $6.46. The firm has a market capitalization of $918.69 million, a P/E ratio of 19.53 and a beta of 1.53. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.19 and a quick ratio of 2.19. Helix Energy Solutions Group has a one year low of $5.52 and a one year high of $11.48.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results 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 firm had revenue of $302.29 million for 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 expect that Helix Energy Solutions Group will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of Helix Energy Solutions Group

Hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Helix Energy Solutions Group by 4.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,161 shares of the oil and gas company’s stock worth $309,000 after buying an additional 1,634 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Helix Energy Solutions Group by 0.9% in the first quarter. Nisa Investment Advisors LLC now owns 202,488 shares of the oil and gas company’s stock worth $1,683,000 after buying an additional 1,721 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Helix Energy Solutions Group by 7.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,953 shares of the oil and gas company’s stock worth $162,000 after buying an additional 1,781 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Helix Energy Solutions Group by 6.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 31,179 shares of the oil and gas company’s stock worth $195,000 after buying an additional 1,912 shares in the last quarter. Finally, Pacific Global Investment Management Co. lifted its stake in shares of Helix Energy Solutions Group by 0.5% in the first quarter. Pacific Global Investment Management Co. now owns 414,733 shares of the oil and gas company’s stock worth $3,446,000 after buying an additional 2,007 shares in the last quarter. 91.33% of the stock is owned by institutional investors.

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.