Helix Energy Solutions Group (NYSE:HLX) Stock Passes Above 200-Day Moving Average – Time to Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.64 and traded as high as $10.73. Helix Energy Solutions Group shares last traded at $10.62, with a volume of 4,085,980 shares.

Wall Street Analyst Weigh In

HLX has been the topic of several analyst reports. Wall Street Zen lowered Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings upgraded shares of Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Helix Energy Solutions Group presently has a consensus rating of “Hold” and an average target price of $14.00.

Helix Energy Solutions Group Trading Up 0.2%

The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $9.96 and a 200-day simple moving average of $9.65. The company has a market cap of $1.57 billion, a PE ratio of 39.33 and a beta of 1.17.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Thursday, August 6th. The oil and gas company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. Helix Energy Solutions Group had a return on equity of 2.95% and a net margin of 3.04%.The business had revenue of $304.02 million during the quarter, compared to analyst estimates of $314.56 million. On average, analysts predict that Helix Energy Solutions Group, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Trading of Helix Energy Solutions Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Helix Energy Solutions Group in the second quarter valued at approximately $198,670,000. Dimensional Fund Advisors LP lifted its holdings in Helix Energy Solutions Group by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,959,806 shares of the oil and gas company’s stock worth $88,611,000 after buying an additional 249,887 shares in the last quarter. CenterBook Partners LP lifted its holdings in Helix Energy Solutions Group by 3.9% during the 4th quarter. CenterBook Partners LP now owns 1,172,077 shares of the oil and gas company’s stock worth $7,349,000 after buying an additional 43,634 shares in the last quarter. Janus Henderson Group PLC boosted its position in Helix Energy Solutions Group by 1,571.3% in the 1st quarter. Janus Henderson Group PLC now owns 1,055,411 shares of the oil and gas company’s stock valued at $10,438,000 after buying an additional 992,261 shares during the period. Finally, Bastion Asset Management Inc. purchased a new position in Helix Energy Solutions Group in the 1st quarter valued at approximately $8,581,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc (NYSE: HLX) is an international offshore energy services company that provides specialized services and technology to the oil and gas industry. The company supports the development, operation, intervention and decommissioning of offshore wells and subsea infrastructure, with an emphasis on deepwater and other technically demanding projects.

Helix’s services include well intervention, subsea robotics, offshore construction and installation, and the abandonment and decommissioning of wells and facilities.