Clayton Partners LLC Takes $627,000 Position in Helix Energy Solutions Group, Inc. $HLX

Clayton Partners LLC purchased a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 100,000 shares of the oil and gas company’s stock, valued at approximately $627,000. Clayton Partners LLC owned approximately 0.07% of Helix Energy Solutions Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of HLX. Quarry LP purchased a new stake in shares of Helix Energy Solutions Group in the fourth quarter worth about $27,000. Royal Bank of Canada lifted its holdings in shares of Helix Energy Solutions Group by 175.9% in 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 purchased a new stake in shares of Helix Energy Solutions Group in the third quarter worth about $66,000. Aaron Wealth Advisors LLC purchased a new stake in shares of Helix Energy Solutions Group in the fourth quarter worth about $74,000. Finally, AXQ Capital LP purchased a new stake in shares of Helix Energy Solutions Group in the third quarter worth about $77,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Stock Down 3.5%

HLX stock opened at $8.88 on Thursday. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $9.74 and its 200 day moving average is $8.65. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 88.77 and a beta of 1.11. Helix Energy Solutions Group, Inc. has a 1-year low of $5.52 and a 1-year high of $10.75.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The company had revenue of $287.95 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. Sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Ratings Changes

HLX has been the topic of a number of recent analyst reports. Weiss Ratings downgraded 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 increased their price target 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 investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.