Helix Energy Solutions Group (NYSE:HLX) Stock Rating Lowered by Wall Street Zen

Helix Energy Solutions Group (NYSE:HLX) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Other analysts also recently issued research reports about the stock. Weiss Ratings raised shares of Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. TD Cowen lifted their price target 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. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Helix Energy Solutions Group has a consensus rating of “Hold” and a consensus target price of $14.00.

Helix Energy Solutions Group Price Performance

Shares of Helix Energy Solutions Group stock opened at $10.57 on Friday. The business’s fifty day moving average price is $9.34 and its 200 day moving average price is $9.38. Helix Energy Solutions Group has a twelve month low of $5.61 and a twelve month high of $10.75. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $1.56 billion, a P/E ratio of 39.15 and a beta of 1.14.

Helix Energy Solutions Group (NYSE:HLX) last announced 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. The company had revenue of $304.02 million during the quarter, compared to analyst estimates of $314.56 million. Helix Energy Solutions Group had a return on equity of 2.95% and a net margin of 3.04%. As a group, research analysts anticipate that Helix Energy Solutions Group will post 0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its stake in shares of Helix Energy Solutions Group by 71.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 577,979 shares of the oil and gas company’s stock valued at $5,716,000 after buying an additional 240,414 shares in the last quarter. Bastion Asset Management Inc. acquired a new position in Helix Energy Solutions Group during the 1st quarter worth approximately $8,581,000. Dimensional Fund Advisors LP boosted its holdings in Helix Energy Solutions Group by 2.9% in 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 acquiring an additional 249,887 shares during the period. Simcoe Capital LLC purchased a new position in Helix Energy Solutions Group in the 4th quarter worth approximately $3,816,000. Finally, Sei Investments Co. grew its position in Helix Energy Solutions Group by 93.1% in the first quarter. Sei Investments Co. now owns 335,854 shares of the oil and gas company’s stock valued at $3,322,000 after acquiring an additional 161,901 shares in the last quarter. 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.