Helix Energy Solutions Group (NYSE:HLX) Issues Earnings Results

Helix Energy Solutions Group (NYSE:HLX) released its quarterly earnings data on Thursday. The oil and gas company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02, Zacks reports. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.96%. The business had revenue of $304.02 million for the quarter, compared to analysts’ expectations of $314.56 million.

Helix Energy Solutions Group Stock Performance

Shares of NYSE HLX opened at $9.62 on Friday. The stock’s fifty day simple moving average is $9.26 and its 200 day simple moving average is $9.25. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 35.61 and a beta of 1.14. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group has a 52-week low of $5.58 and a 52-week high of $10.75.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HLX shares. Wall Street Zen raised Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “sell (d+)” rating on shares of Helix Energy Solutions Group in a research note on Friday, July 24th. Finally, TD Cowen upped their price objective on Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, April 24th. One investment analyst has 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. Based on data from MarketBeat, Helix Energy Solutions Group presently has an average rating of “Hold” and an average price target of $14.00.

Institutional Trading of Helix Energy Solutions Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its holdings in shares of Helix Energy Solutions Group by 6.3% in the fourth quarter. State Street Corp now owns 6,263,543 shares of the oil and gas company’s stock valued at $39,272,000 after purchasing an additional 372,115 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Helix Energy Solutions Group by 58.6% during the fourth quarter. Invesco Ltd. now owns 4,968,078 shares of the oil and gas company’s stock valued at $31,150,000 after buying an additional 1,835,536 shares in the last quarter. Millennium Management LLC raised its position in Helix Energy Solutions Group by 893.7% during the third 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. Geode Capital Management LLC increased its holdings in shares of Helix Energy Solutions Group by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 3,278,916 shares of the oil and gas company’s stock valued at $20,561,000 after purchasing an additional 14,354 shares during the period. Finally, Van ECK Associates Corp increased its stake in Helix Energy Solutions Group by 15.2% in the 4th quarter. Van ECK Associates Corp now owns 1,954,102 shares of the oil and gas company’s stock valued at $12,253,000 after buying an additional 257,809 shares during the period. Institutional investors and hedge funds 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.