Royce & Associates LP Increases Stock Position in Helix Energy Solutions Group, Inc. $HLX

Royce & Associates LP grew its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 34.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 226,320 shares of the oil and gas company’s stock after buying an additional 57,987 shares during the period. Royce & Associates LP’s holdings in Helix Energy Solutions Group were worth $1,419,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in shares of Helix Energy Solutions Group by 4.5% during the 3rd quarter. American Century Companies Inc. now owns 5,399,153 shares of the oil and gas company’s stock valued at $35,418,000 after buying an additional 230,668 shares during the period. Principal Financial Group Inc. grew its stake in shares of Helix Energy Solutions Group by 109.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,804,147 shares of the oil and gas company’s stock valued at $31,515,000 after buying an additional 2,514,402 shares during the period. Millennium Management LLC grew its stake in shares of Helix Energy Solutions Group by 893.7% during the 3rd quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock valued at $26,409,000 after buying an additional 3,620,563 shares during the period. Invesco Ltd. grew its stake in shares of Helix Energy Solutions Group by 219.2% during the 2nd 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 period. Finally, Qube Research & Technologies Ltd grew its stake in shares of Helix Energy Solutions Group by 19.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,753,916 shares of the oil and gas company’s stock valued at $10,944,000 after buying an additional 286,769 shares during the period. 91.33% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Stock Up 0.2%

Shares of Helix Energy Solutions Group stock opened at $9.37 on Friday. The company has a fifty day moving average price of $9.80 and a 200 day moving average price of $8.37. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a twelve month low of $5.52 and a twelve month high of $10.75. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 93.70 and a beta of 1.16.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share 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. Helix Energy Solutions Group’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HLX. TD Cowen boosted their price objective on shares of Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Weiss Ratings cut shares of Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.50.

Helix Energy Solutions Group Company Profile

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.