Helix Energy Solutions Group, Inc. $HLX Shares Purchased by Royce & Associates LP

Royce & Associates LP increased its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 34.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,320 shares of the oil and gas company’s stock after purchasing an additional 57,987 shares during the period. Royce & Associates LP owned 0.15% of Helix Energy Solutions Group worth $1,419,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Comerica Bank raised its position in shares of Helix Energy Solutions Group by 2.6% during the 4th quarter. Comerica Bank now owns 80,619 shares of the oil and gas company’s stock worth $505,000 after purchasing an additional 2,014 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of Helix Energy Solutions Group by 10.0% during the 2nd quarter. Corient Private Wealth LLC now owns 24,104 shares of the oil and gas company’s stock worth $150,000 after purchasing an additional 2,183 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Helix Energy Solutions Group by 9.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,961 shares of the oil and gas company’s stock worth $182,000 after purchasing an additional 2,392 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Helix Energy Solutions Group by 1.7% during the 3rd quarter. Intech Investment Management LLC now owns 162,722 shares of the oil and gas company’s stock worth $1,067,000 after purchasing an additional 2,644 shares during the last quarter. Finally, Oxford Asset Management LLP raised its position in shares of Helix Energy Solutions Group by 7.1% during the 2nd quarter. Oxford Asset Management LLP now owns 45,352 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 3,016 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HLX. Weiss Ratings downgraded Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. TD Cowen lifted their price objective on Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock 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 given a Sell rating to the company. Based on data from MarketBeat, Helix Energy Solutions Group presently has an average rating of “Hold” and an average target price of $11.50.

Helix Energy Solutions Group Trading Up 0.2%

Shares of HLX opened at $9.37 on Friday. The stock has a fifty day moving average of $9.80 and a two-hundred day moving average of $8.37. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.92 and a current ratio of 2.92. The company has a market capitalization of $1.38 billion, a PE ratio of 93.70 and a beta of 1.16. Helix Energy Solutions Group, Inc. has a fifty-two week low of $5.52 and a fifty-two week high of $10.75.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). The company had revenue of $287.95 million during the quarter, compared to the consensus estimate of $260.89 million. Helix Energy Solutions Group had a return on equity of 1.82% and a net margin of 1.10%.Helix Energy Solutions Group’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts forecast that Helix Energy Solutions Group, Inc. will post 0.33 EPS for the current year.

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.