Helix Energy Solutions Group, Inc. (NYSE:HLX) Receives Average Rating of “Moderate Buy” from Brokerages

Helix Energy Solutions Group, Inc. (NYSE:HLX) has received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $10.50.

HLX has been the topic of several research reports. Wall Street Zen upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Zacks Research raised Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. TD Cowen lifted their target price on shares of Helix Energy Solutions Group from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research report on Monday, December 29th. Finally, Cowen restated a “buy” rating on shares of Helix Energy Solutions Group in a research report on Friday, October 24th.

Insider Transactions at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 40,000 shares of Helix Energy Solutions Group stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $6.88, for a total transaction of $275,200.00. Following the completion of the sale, the chief operating officer directly owned 301,042 shares in the company, valued at $2,071,168.96. This trade represents a 11.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Helix Energy Solutions Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bessemer Group Inc. raised its position in Helix Energy Solutions Group by 243.4% during the 2nd quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock worth $31,000 after buying an additional 3,576 shares during the last quarter. AlphaQuest LLC raised its stake in shares of Helix Energy Solutions Group by 49.3% during the 2nd quarter. AlphaQuest LLC now owns 8,877 shares of the oil and gas company’s stock worth $55,000 after buying an additional 2,930 shares in the last quarter. Drucker Wealth 3.0 LLC purchased a new stake in shares of Helix Energy Solutions Group in the third quarter valued at approximately $66,000. Ballentine Partners LLC purchased a new stake in Helix Energy Solutions Group during the third quarter worth about $70,000. Finally, Federated Hermes Inc. purchased a new stake in shares of Helix Energy Solutions Group during the 3rd quarter worth approximately $74,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Trading Up 1.2%

Shares of NYSE:HLX opened at $7.07 on Friday. The company has a market capitalization of $1.04 billion, a PE ratio of 25.23 and a beta of 1.25. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group has a 12-month low of $5.52 and a 12-month high of $9.31. The business’s fifty day simple moving average is $6.69 and its 200-day simple moving average is $6.48.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Helix Energy Solutions Group had a net margin of 3.25% and a return on equity of 2.75%. The company had revenue of $376.96 million for the quarter, compared to the consensus estimate of $361.93 million. The company’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts predict that Helix Energy Solutions Group will post 0.26 earnings per share for the current fiscal year.

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.