Helix Energy Solutions Group, Inc. (NYSE:HLX) has been assigned a $9.00 price target by Cowen and Company in a report issued on Friday. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Cowen and Company’s price target indicates a potential upside of 35.75% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. Bank of America Corporation started coverage on shares of Helix Energy Solutions Group in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $7.00 target price for the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $8.00 target price (down previously from $15.00) on shares of Helix Energy Solutions Group in a research report on Wednesday, June 21st. BidaskClub raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Piper Jaffray Companies downgraded shares of Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and raised their target price for the company from $7.00 to $7.30 in a research report on Wednesday, September 27th. Finally, Zacks Investment Research raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Helix Energy Solutions Group has a consensus rating of “Hold” and an average target price of $9.33.

Shares of Helix Energy Solutions Group (HLX) opened at 6.63 on Friday. The company has a 50-day moving average of $6.85 and a 200-day moving average of $6.28. Helix Energy Solutions Group has a one year low of $4.82 and a one year high of $11.87. The company’s market capitalization is $979.14 million.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Sunday, July 23rd. The oil and gas company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $150.30 million during the quarter, compared to the consensus estimate of $141.03 million. Helix Energy Solutions Group had a negative net margin of 12.09% and a negative return on equity of 1.21%. The firm’s revenue for the quarter was up 40.2% on a year-over-year basis. During the same period last year, the business posted ($0.10) EPS. On average, analysts anticipate that Helix Energy Solutions Group will post ($0.14) earnings per share for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in HLX. Great West Life Assurance Co. Can grew its position in shares of Helix Energy Solutions Group by 32.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 190,432 shares of the oil and gas company’s stock valued at $1,477,000 after acquiring an additional 46,485 shares during the period. First Trust Advisors LP grew its position in shares of Helix Energy Solutions Group by 40.1% in the 1st quarter. First Trust Advisors LP now owns 79,148 shares of the oil and gas company’s stock valued at $615,000 after acquiring an additional 22,663 shares during the period. Comerica Bank grew its position in shares of Helix Energy Solutions Group by 27.3% in the 1st quarter. Comerica Bank now owns 153,136 shares of the oil and gas company’s stock valued at $940,000 after acquiring an additional 32,829 shares during the period. Swiss National Bank grew its position in shares of Helix Energy Solutions Group by 28.4% in the 1st quarter. Swiss National Bank now owns 225,900 shares of the oil and gas company’s stock valued at $1,755,000 after acquiring an additional 50,000 shares during the period. Finally, UBS Asset Management Americas Inc. grew its position in shares of Helix Energy Solutions Group by 36.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 52,933 shares of the oil and gas company’s stock valued at $411,000 after acquiring an additional 14,031 shares during the period. 86.85% of the stock is owned by institutional investors.

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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