Royce & Associates LP Purchases 57,880 Shares of Helix Energy Solutions Group, Inc. $HLX

Royce & Associates LP boosted its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 52.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 168,333 shares of the oil and gas company’s stock after purchasing an additional 57,880 shares during the quarter. Royce & Associates LP owned about 0.11% of Helix Energy Solutions Group worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey boosted its position in shares of Helix Energy Solutions Group by 6.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 31,179 shares of the oil and gas company’s stock worth $195,000 after purchasing an additional 1,912 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Helix Energy Solutions Group by 10.0% in the second quarter. Corient Private Wealth LLC now owns 24,104 shares of the oil and gas company’s stock valued at $150,000 after buying an additional 2,183 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Helix Energy Solutions Group by 6.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,570 shares of the oil and gas company’s stock valued at $228,000 after buying an additional 2,354 shares during the period. Intech Investment Management LLC boosted its holdings in Helix Energy Solutions Group by 1.7% during the third quarter. Intech Investment Management LLC now owns 162,722 shares of the oil and gas company’s stock worth $1,067,000 after buying an additional 2,644 shares during the last quarter. Finally, AlphaQuest LLC boosted its holdings in 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 buying an additional 2,930 shares during the last quarter. Institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Trading Down 2.2%

Shares of NYSE:HLX opened at $8.95 on Friday. The company’s 50-day moving average price is $7.98 and its two-hundred day moving average price is $7.06. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year high of $10.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.75 and a quick ratio of 2.75. The stock has a market capitalization of $1.32 billion, a PE ratio of 42.62 and a beta of 1.21.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Monday, February 23rd. The oil and gas company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.08. Helix Energy Solutions Group had a return on equity of 2.88% and a net margin of 2.39%.The firm had revenue of $334.16 million for the quarter, compared to analyst estimates of $304.67 million. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

HLX has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research note on Monday, December 29th. 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. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Helix Energy Solutions Group has an average rating of “Moderate Buy” and an average price target of $10.50.

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.