Helix Energy Solutions Group, Inc. $HLX Shares Sold by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP decreased its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 61.0% in the 3rd quarter, Holdings Channel reports. The firm owned 36,078 shares of the oil and gas company’s stock after selling 56,323 shares during the period. Fulcrum Asset Management LLP’s holdings in Helix Energy Solutions Group were worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Drucker Wealth 3.0 LLC purchased a new position in Helix Energy Solutions Group during the 3rd quarter worth $66,000. Ballentine Partners LLC acquired a new position in Helix Energy Solutions Group in the third quarter valued at $70,000. Strs Ohio purchased a new stake in shares of Helix Energy Solutions Group in the first quarter valued at about $89,000. Federated Hermes Inc. purchased a new stake in shares of Helix Energy Solutions Group in the third quarter valued at about $74,000. Finally, AXQ Capital LP acquired a new stake in shares of Helix Energy Solutions Group during the third quarter worth about $77,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Performance

Shares of HLX stock opened at $9.47 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.19. The stock has a 50 day simple moving average of $8.34 and a 200-day simple moving average of $7.21. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 45.11 and a beta of 1.21. Helix Energy Solutions Group, Inc. has a 12-month low of $5.52 and a 12-month high of $10.75.

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, beating analysts’ consensus estimates 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 the consensus estimate of $304.67 million. Helix Energy Solutions Group’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Analysts Set New Price Targets

HLX has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Helix Energy Solutions Group in a report on Monday, December 29th. Zacks Research raised Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Helix Energy Solutions Group currently has an average rating of “Moderate Buy” and an average target price 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.