Brokerages Set Helix Energy Solutions Group, Inc. (NYSE:HLX) PT at $12.00

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) have been given an average rating of “Hold” by the five ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $12.00.

A number of equities analysts recently commented on the stock. Zacks Research raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Wall Street Zen downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Helix Energy Solutions Group in a report on Saturday, September 27th. Finally, Raymond James Financial restated an “outperform” rating and set a $9.00 price objective (down previously from $10.00) on shares of Helix Energy Solutions Group in a report on Friday, July 25th.

Helix Energy Solutions Group Trading Down 2.1%

NYSE:HLX opened at $6.50 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $6.29 and its two-hundred day moving average is $6.54. Helix Energy Solutions Group has a 52 week low of $5.52 and a 52 week high of $11.48. The company has a market cap of $955.44 million, a PE ratio of 20.31 and a beta of 1.53.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.23%. The firm had revenue of $302.29 million during the quarter, compared to analyst estimates of $326.62 million. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. On average, analysts predict that Helix Energy Solutions Group will post 0.26 EPS for the current year.

Hedge Funds Weigh In On Helix Energy Solutions Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its stake in shares of 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 worth $31,000 after acquiring an additional 3,576 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of Helix Energy Solutions Group by 594,600.0% in the first quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 5,946 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Helix Energy Solutions Group by 43.1% during the first quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company’s stock worth $59,000 after purchasing an additional 2,123 shares during the last quarter. CWM LLC boosted its holdings in Helix Energy Solutions Group by 78.0% during the first quarter. CWM LLC now owns 10,699 shares of the oil and gas company’s stock worth $89,000 after purchasing an additional 4,688 shares during the last quarter. Finally, Strs Ohio acquired a new position in Helix Energy Solutions Group during the first quarter worth $89,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.