Helix Energy Solutions Group (NYSE:HLX) Stock Price Up 5.5% – What’s Next?

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) shot up 5.5% on Wednesday . The stock traded as high as $9.13 and last traded at $9.1650. Approximately 249,104 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,918,475 shares. The stock had previously closed at $8.69.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports 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 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 report on Friday, April 24th. Two 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, the stock has a consensus rating of “Hold” and a consensus target price of $11.50.

Helix Energy Solutions Group Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.92 and a quick ratio of 2.92. The stock has a market capitalization of $1.33 billion, a P/E ratio of 90.65 and a beta of 1.12. The stock’s fifty day moving average is $9.50 and its 200-day moving average is $8.81.

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). The company had revenue of $287.95 million during the quarter, compared to analysts’ expectations of $260.89 million. Helix Energy Solutions Group had a return on equity of 1.82% and a net margin of 1.10%.The company’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.33 earnings per share for the current year.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of large investors have recently added to or reduced their stakes in HLX. Pacer Advisors Inc. bought a new position in shares of Helix Energy Solutions Group in the first quarter valued at approximately $5,298,000. Janus Henderson Group PLC boosted its holdings in shares of Helix Energy Solutions Group by 1,571.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,055,411 shares of the oil and gas company’s stock worth $10,438,000 after buying an additional 992,261 shares during the period. Amundi grew its stake in Helix Energy Solutions Group by 42.5% in the 1st quarter. Amundi now owns 108,506 shares of the oil and gas company’s stock valued at $1,073,000 after buying an additional 32,375 shares during the last quarter. California State Teachers Retirement System grew its stake in Helix Energy Solutions Group by 41.3% in the 1st quarter. California State Teachers Retirement System now owns 187,921 shares of the oil and gas company’s stock valued at $1,859,000 after buying an additional 54,892 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Helix Energy Solutions Group by 14.0% in the 1st quarter. Royal Bank of Canada now owns 7,972 shares of the oil and gas company’s stock worth $79,000 after acquiring an additional 979 shares during the period. Institutional investors own 91.33% of the company’s stock.

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.