Cowen set a $10.00 target price on Helix Energy Solutions Group (NYSE:HLX) in a report issued on Thursday. The brokerage currently has a buy rating on the oil and gas company’s stock.

Several other equities analysts have also commented on the company. Piper Jaffray Companies set a $7.00 price target on Helix Energy Solutions Group and gave the stock a hold rating in a research report on Sunday, December 31st. Zacks Investment Research lowered Helix Energy Solutions Group from a hold rating to a sell rating in a research report on Tuesday, October 24th. Finally, Capital One Financial reissued an overweight rating on shares of Helix Energy Solutions Group in a research report on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $8.40.

Helix Energy Solutions Group (NYSE HLX) traded up $0.34 during trading on Thursday, reaching $8.68. The company had a trading volume of 1,587,545 shares, compared to its average volume of 1,322,822. The firm has a market cap of $1,280.00, a price-to-earnings ratio of -14.47 and a beta of 2.61. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.26. Helix Energy Solutions Group has a 12-month low of $4.82 and a 12-month high of $8.89.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Monday, October 23rd. The oil and gas company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $163.30 million for the quarter, compared to analyst estimates of $168.97 million. Helix Energy Solutions Group had a negative return on equity of 1.80% and a negative net margin of 13.72%. Helix Energy Solutions Group’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. sell-side analysts anticipate that Helix Energy Solutions Group will post -0.14 earnings per share for the current year.

In other Helix Energy Solutions Group news, Director Nancy K. Quinn sold 11,268 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $7.44, for a total value of $83,833.92. Following the transaction, the director now directly owns 104,107 shares of the company’s stock, valued at approximately $774,556.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Scott Andrew Sparks sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $6.75, for a total value of $67,500.00. Following the completion of the transaction, the chief operating officer now directly owns 151,530 shares in the company, valued at $1,022,827.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,734 shares of company stock worth $196,079. 5.70% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in shares of Helix Energy Solutions Group in the 3rd quarter valued at approximately $118,000. Amalgamated Bank raised its position in shares of Helix Energy Solutions Group by 3.8% in the 2nd quarter. Amalgamated Bank now owns 18,427 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 683 shares in the last quarter. Green Square Capital LLC raised its position in shares of Helix Energy Solutions Group by 1.7% in the 2nd quarter. Green Square Capital LLC now owns 21,392 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 359 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Helix Energy Solutions Group in the 3rd quarter valued at approximately $181,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Helix Energy Solutions Group in the 2nd quarter valued at approximately $151,000. 85.92% of the stock is currently owned by institutional investors.

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Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.

Analyst Recommendations for Helix Energy Solutions Group (NYSE:HLX)

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