Helix Energy Solutions Group (NYSE:HLX) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.63 and traded as high as $8.30. Helix Energy Solutions Group shares last traded at $8.0910, with a volume of 5,895,549 shares.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HLX shares. TD Cowen reissued a “buy” rating on shares of Helix Energy Solutions Group in a research report on Friday, October 24th. Zacks Research raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

Helix Energy Solutions Group Stock Down 2.6%

The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 28.90 and a beta of 1.25. The firm’s fifty day moving average price is $7.06 and its two-hundred day moving average price is $6.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.54 and a quick ratio of 2.54.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its stake in Helix Energy Solutions Group by 243.4% in the second quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 3,576 shares during the period. AlphaQuest LLC raised its position in shares of Helix Energy Solutions Group by 49.3% during the second quarter. AlphaQuest LLC now owns 8,877 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 2,930 shares during the period. Drucker Wealth 3.0 LLC bought a new position in shares of Helix Energy Solutions Group in the 3rd quarter worth $66,000. Ballentine Partners LLC acquired a new stake in Helix Energy Solutions Group in the 3rd quarter valued at $70,000. Finally, Strs Ohio bought a new stake in Helix Energy Solutions Group during the 1st quarter valued at $89,000. Institutional investors own 91.33% of the company’s stock.

About Helix Energy Solutions Group

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.