Helix Energy Solutions Group (NYSE:HLX) Trading Down 5.2%

Share on StockTwits

Helix Energy Solutions Group Inc (NYSE:HLX)’s stock price fell 5.2% during trading on Wednesday . The company traded as low as $7.07 and last traded at $7.09, 869,977 shares were traded during trading. A decline of 23% from the average session volume of 1,129,635 shares. The stock had previously closed at $7.48.

A number of brokerages recently commented on HLX. Raymond James upgraded shares of Helix Energy Solutions Group from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $10.00 to $11.00 in a report on Friday, June 7th. Zacks Investment Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, Johnson Rice raised shares of Helix Energy Solutions Group from an “accumulate” rating to a “buy” rating in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $10.08.

The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 37.76 and a beta of 2.79. The business’s 50-day simple moving average is $8.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.47 and a current ratio of 1.47.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Wednesday, July 24th. The oil and gas company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). The business had revenue of $201.73 million during the quarter, compared to the consensus estimate of $203.99 million. Helix Energy Solutions Group had a net margin of 4.27% and a return on equity of 1.93%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. Sell-side analysts expect that Helix Energy Solutions Group Inc will post 0.31 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisor Partners LLC grew its position in Helix Energy Solutions Group by 11.4% in the first quarter. Advisor Partners LLC now owns 12,135 shares of the oil and gas company’s stock valued at $96,000 after purchasing an additional 1,243 shares in the last quarter. Arizona State Retirement System grew its position in shares of Helix Energy Solutions Group by 0.6% in the 1st quarter. Arizona State Retirement System now owns 215,750 shares of the oil and gas company’s stock valued at $1,707,000 after acquiring an additional 1,285 shares during the period. Mason Street Advisors LLC grew its position in shares of Helix Energy Solutions Group by 3.9% in the 1st quarter. Mason Street Advisors LLC now owns 44,916 shares of the oil and gas company’s stock valued at $355,000 after acquiring an additional 1,667 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Helix Energy Solutions Group by 6.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 32,040 shares of the oil and gas company’s stock valued at $277,000 after acquiring an additional 1,919 shares during the period. Finally, Advisor Group Inc. grew its position in shares of Helix Energy Solutions Group by 34.2% in the 4th quarter. Advisor Group Inc. now owns 8,726 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 2,226 shares during the period. 94.83% of the stock is owned by institutional investors and hedge funds.

About Helix Energy Solutions Group (NYSE:HLX)

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

Featured Article: Bar Chart

Receive News & Ratings for Helix Energy Solutions Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helix Energy Solutions Group and related companies with MarketBeat.com's FREE daily email newsletter.