OP Asset Management Ltd Buys New Shares in Helix Energy Solutions Group, Inc. $HLX

OP Asset Management Ltd purchased a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the first quarter, HoldingsChannel reports. The fund purchased 132,142 shares of the oil and gas company’s stock, valued at approximately $1,307,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HLX. AQR Capital Management LLC lifted its stake in shares of Helix Energy Solutions Group by 530.1% in the first quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company’s stock valued at $1,955,000 after buying an additional 197,882 shares during the period. Caxton Associates LLP bought a new position in Helix Energy Solutions Group during the first quarter valued at about $184,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Helix Energy Solutions Group by 9.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company’s stock valued at $3,101,000 after acquiring an additional 32,643 shares in the last quarter. Jane Street Group LLC raised its holdings in Helix Energy Solutions Group by 1,836.3% in the 1st quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company’s stock valued at $3,143,000 after acquiring an additional 358,663 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Helix Energy Solutions Group in the 1st quarter worth approximately $89,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Helix Energy Solutions Group Stock Performance

NYSE HLX opened at $8.72 on Tuesday. Helix Energy Solutions Group, Inc. has a twelve month low of $5.52 and a twelve month high of $10.75. 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 stock has a market cap of $1.29 billion, a P/E ratio of 87.25 and a beta of 1.11. The company’s 50-day simple moving average is $9.60 and its 200 day simple moving average is $8.74.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HLX shares. Weiss Ratings lowered 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 Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Helix Energy Solutions Group has an average rating of “Hold” and an average price target of $11.50.

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.