Quantbot Technologies LP Invests $1.21 Million in Helix Energy Solutions Group, Inc. $HLX

Quantbot Technologies LP acquired a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 138,184 shares of the oil and gas company’s stock, valued at approximately $1,208,000.

A number of other large investors have also recently added to or reduced their stakes in HLX. Quarry LP acquired a new position in Helix Energy Solutions Group during the fourth quarter worth about $27,000. Royal Bank of Canada grew its position in shares of Helix Energy Solutions Group by 175.9% in the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 4,458 shares during the last quarter. State of Wyoming grew its position in shares of Helix Energy Solutions Group by 357.7% in the first quarter. State of Wyoming now owns 10,449 shares of the oil and gas company’s stock valued at $103,000 after purchasing an additional 8,166 shares during the last quarter. Strs Ohio acquired a new stake in shares of Helix Energy Solutions Group in the first quarter valued at approximately $89,000. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of Helix Energy Solutions Group during the 2nd quarter worth approximately $97,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on HLX. Weiss Ratings upgraded Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Wall Street Zen cut Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Helix Energy Solutions Group currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Helix Energy Solutions Group Trading Up 0.2%

Shares of HLX stock opened at $9.99 on Wednesday. The firm has a 50-day moving average price of $9.42 and a 200 day moving average price of $9.48. Helix Energy Solutions Group, Inc. has a twelve month low of $6.03 and a twelve month high of $10.75. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 37.01 and a beta of 1.14. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The company had revenue of $304.02 million for the quarter, compared to analysts’ expectations of $314.56 million. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.95%. Research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current fiscal year.

About Helix Energy Solutions Group

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.