Helix Energy Solutions Group (NYSE:HLX) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.50 and traded as high as $9.83. Helix Energy Solutions Group shares last traded at $9.7450, with a volume of 801,742 shares traded.

Analysts Set New Price Targets

HLX has been the subject of several recent analyst reports. Weiss Ratings cut shares of Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. TD Cowen raised their target price on shares of Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.50.

Helix Energy Solutions Group Stock Up 1.3%

The business’s 50-day moving average price is $9.76 and its 200-day moving average price is $8.55. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.42 billion, a PE ratio of 96.24 and a beta of 1.11.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). The business had revenue of $287.95 million during the quarter, compared to analyst estimates of $260.89 million. Helix Energy Solutions Group had a net margin of 1.10% and a return on equity of 1.82%. Helix Energy Solutions Group’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.33 EPS for the current fiscal year.

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 the stock. Quarry LP acquired a new stake in shares of Helix Energy Solutions Group in the fourth quarter worth $27,000. Royal Bank of Canada boosted its stake in Helix Energy Solutions Group by 175.9% during the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock worth $44,000 after buying an additional 4,458 shares in the last quarter. Drucker Wealth 3.0 LLC acquired a new stake in shares of Helix Energy Solutions Group in the 3rd quarter valued at $66,000. State of Wyoming boosted its stake in shares of Helix Energy Solutions Group by 357.7% in the 1st quarter. State of Wyoming now owns 10,449 shares of the oil and gas company’s stock valued at $103,000 after purchasing an additional 8,166 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Helix Energy Solutions Group in the 1st quarter valued at $89,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.