Helix Energy Solutions Group, Inc. (NYSE:HLX) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) have received a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $10.50.

A number of analysts have recently weighed in on the stock. Cowen reissued a “buy” rating on shares of Helix Energy Solutions Group in a research report on Friday, October 24th. Wall Street Zen upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Raymond James Financial restated an “outperform” rating and set a $9.00 price objective (down from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. Weiss Ratings upgraded Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 30th. Finally, Zacks Research cut Helix Energy Solutions Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd.

Helix Energy Solutions Group Stock Up 2.8%

HLX stock opened at $6.91 on Tuesday. Helix Energy Solutions Group has a twelve month low of $5.52 and a twelve month high of $11.48. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.02 billion, a P/E ratio of 24.66 and a beta of 1.53. The firm has a 50 day simple moving average of $6.52 and a 200-day simple moving average of $6.44.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. Helix Energy Solutions Group had a net margin of 3.25% and a return on equity of 2.75%. The business had revenue of $376.96 million during the quarter, compared to the consensus estimate of $361.93 million. The company’s revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts predict that Helix Energy Solutions Group will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Helix Energy Solutions Group

Several large investors have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in Helix Energy Solutions Group by 219.2% in the second quarter. Invesco Ltd. now owns 3,198,950 shares of the oil and gas company’s stock valued at $19,961,000 after buying an additional 2,196,916 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in Helix Energy Solutions Group in the second quarter valued at $10,296,000. Cerity Partners LLC bought a new stake in Helix Energy Solutions Group in the second quarter valued at $8,108,000. Encompass Capital Advisors LLC lifted its stake in Helix Energy Solutions Group by 24.3% in the first quarter. Encompass Capital Advisors LLC now owns 5,099,383 shares of the oil and gas company’s stock valued at $42,376,000 after buying an additional 996,088 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Helix Energy Solutions Group in the first quarter valued at $7,378,000. 91.33% of the stock is currently 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.