Helix Energy Solutions Group (NYSE:HLX) Shares Pass Above 200-Day Moving Average – Time to Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.55 and traded as high as $7.74. Helix Energy Solutions Group shares last traded at $7.6550, with a volume of 1,084,601 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HLX shares. Wall Street Zen raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. TD Cowen reiterated a “buy” rating on shares of Helix Energy Solutions Group in a report on Friday, October 24th. Zacks Research upgraded shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.50.

Helix Energy Solutions Group Trading Up 1.9%

The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $1.13 billion, a P/E ratio of 27.34 and a beta of 1.25. The business’s fifty day simple moving average is $6.84 and its two-hundred day simple moving average is $6.55.

Insider Buying and Selling at Helix Energy Solutions Group

In related news, COO Scott Andrew Sparks sold 40,000 shares of Helix Energy Solutions Group stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $6.88, for a total transaction of $275,200.00. Following the sale, the chief operating officer directly owned 301,042 shares of the company’s stock, valued at $2,071,168.96. This trade represents a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.37% of the company’s stock.

Institutional Trading of Helix Energy Solutions Group

A number of hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Helix Energy Solutions Group by 40.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,941 shares of the oil and gas company’s stock valued at $250,000 after purchasing an additional 11,600 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Helix Energy Solutions Group by 9.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,961 shares of the oil and gas company’s stock worth $182,000 after buying an additional 2,392 shares in the last quarter. Oak Thistle LLC bought a new stake in Helix Energy Solutions Group in the 4th quarter valued at $104,000. Aaron Wealth Advisors LLC acquired a new position in shares of Helix Energy Solutions Group in the 4th quarter valued at $74,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Helix Energy Solutions Group by 39.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 56,245 shares of the oil and gas company’s stock worth $360,000 after acquiring an additional 15,841 shares during the period. Institutional investors own 91.33% of the company’s stock.

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.