Valueworks LLC Invests $4.18 Million in Helix Energy Solutions Group, Inc. $HLX

Valueworks LLC acquired a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 478,465 shares of the oil and gas company’s stock, valued at approximately $4,182,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Royal Bank of Canada grew its stake in Helix Energy Solutions Group by 14.0% in the 1st quarter. Royal Bank of Canada now owns 7,972 shares of the oil and gas company’s stock worth $79,000 after buying an additional 979 shares in the last quarter. Kennedy Capital Management LLC raised its position in shares of Helix Energy Solutions Group by 0.3% during the 4th quarter. Kennedy Capital Management LLC now owns 559,666 shares of the oil and gas company’s stock valued at $3,509,000 after buying an additional 1,428 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Helix Energy Solutions Group by 8.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 24,021 shares of the oil and gas company’s stock worth $238,000 after acquiring an additional 1,864 shares during the last quarter. Comerica Bank lifted its holdings in shares of Helix Energy Solutions Group by 2.6% during the 4th quarter. Comerica Bank now owns 80,619 shares of the oil and gas company’s stock worth $505,000 after acquiring an additional 2,014 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in Helix Energy Solutions Group by 10.0% in the second quarter. Corient Private Wealth LLC now owns 24,104 shares of the oil and gas company’s stock worth $150,000 after acquiring an additional 2,183 shares in the last quarter. 91.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings raised Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.00.

Helix Energy Solutions Group Trading Up 3.4%

Shares of HLX opened at $10.12 on Friday. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 37.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.47 and a current ratio of 3.47. Helix Energy Solutions Group, Inc. has a fifty-two week low of $6.03 and a fifty-two week high of $10.75. The firm has a 50 day moving average price of $9.47 and a 200-day moving average price of $9.50.

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