Cowen and Company restated their outperform rating on shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in a report published on Tuesday, MarketBeat Ratings reports. They currently have a $9.00 target price on the oil and gas company’s stock, down from their previous target price of $10.00.

Several other analysts also recently issued reports on HLX. Tudor Pickering raised shares of Helix Energy Solutions Group from a hold rating to a buy rating in a report on Monday, April 3rd. Zacks Investment Research raised shares of Helix Energy Solutions Group from a hold rating to a buy rating and set a $6.75 price objective for the company in a report on Tuesday, April 25th. ValuEngine downgraded shares of Helix Energy Solutions Group from a hold rating to a sell rating in a report on Friday, June 2nd. Finally, Morgan Stanley reaffirmed an overweight rating and set a $8.00 price objective (down from $15.00) on shares of Helix Energy Solutions Group in a report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $9.96.

Shares of Helix Energy Solutions Group (HLX) opened at 6.42 on Tuesday. Helix Energy Solutions Group has a 1-year low of $4.82 and a 1-year high of $11.87. The company’s 50-day moving average is $5.57 and its 200 day moving average is $6.77. The stock’s market cap is $936.93 million.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Sunday, July 23rd. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $150.30 million for the quarter, compared to the consensus estimate of $141.03 million. Helix Energy Solutions Group had a negative return on equity of 1.21% and a negative net margin of 12.09%. Helix Energy Solutions Group’s quarterly revenue was up 40.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.10) earnings per share. Equities research analysts anticipate that Helix Energy Solutions Group will post ($0.13) EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System boosted its position in Helix Energy Solutions Group by 3.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 90,811 shares of the oil and gas company’s stock valued at $801,000 after buying an additional 2,724 shares during the last quarter. FMR LLC boosted its position in Helix Energy Solutions Group by 44.4% in the fourth quarter. FMR LLC now owns 2,700,198 shares of the oil and gas company’s stock valued at $23,816,000 after buying an additional 829,748 shares during the last quarter. AQR Capital Management LLC boosted its position in Helix Energy Solutions Group by 140.6% in the fourth quarter. AQR Capital Management LLC now owns 172,114 shares of the oil and gas company’s stock valued at $1,518,000 after buying an additional 100,566 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Helix Energy Solutions Group by 27.5% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 26,000 shares of the oil and gas company’s stock valued at $229,000 after buying an additional 5,600 shares during the last quarter. Finally, Norges Bank bought a new position in Helix Energy Solutions Group during the fourth quarter valued at approximately $9,047,000. Hedge funds and other institutional investors own 89.12% of the company’s stock.

About Helix Energy Solutions Group

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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