Helix Energy Solutions Group (NYSE:HLX) Upgraded at Weiss Ratings

by · The Cerbat Gem

Weiss Ratings upgraded shares of Helix Energy Solutions Group (NYSE:HLX – Free Report) from a sell (d+) rating to a hold (c-) rating in a report issued on Thursday,Weiss Ratings reports.

HLX has been the subject of several other research reports. Raymond James Financial restated an “outperform” rating and issued a $9.00 price objective (down previously from $10.00) on shares of Helix Energy Solutions Group in a report on Friday, July 25th. TD Cowen upped their price objective on Helix Energy Solutions Group from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, October 24th. Zacks Research lowered Helix Energy Solutions Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Cowen restated a “buy” rating on shares of Helix Energy Solutions Group in a report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.50.

View Our Latest Stock Analysis on HLX

Helix Energy Solutions Group Trading Down 0.8%

Shares of HLX stock opened at $6.71 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.54 and a current ratio of 2.54. Helix Energy Solutions Group has a 1 year low of $5.52 and a 1 year high of $11.48. The stock has a fifty day moving average of $6.51 and a two-hundred day moving average of $6.44. The firm has a market capitalization of $986.17 million, a PE ratio of 23.95 and a beta of 1.53.

Helix Energy Solutions Group (NYSE:HLX – Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $376.96 million during the quarter, compared to analyst estimates of $361.93 million. Helix Energy Solutions Group had a return on equity of 2.75% and a net margin of 3.25%.The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, research analysts expect that Helix Energy Solutions Group will post 0.26 EPS for the current year.

Institutional Investors Weigh In On Helix Energy Solutions Group

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Helix Energy Solutions Group by 1.5% during the first quarter. Vanguard Group Inc. now owns 14,257,726 shares of the oil and gas company’s stock valued at $118,482,000 after purchasing an additional 208,288 shares during the last quarter. American Century Companies Inc. lifted its stake in Helix Energy Solutions Group by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 5,168,485 shares of the oil and gas company’s stock worth $32,251,000 after acquiring an additional 138,374 shares in the last quarter. Encompass Capital Advisors LLC boosted its position in Helix Energy Solutions Group by 24.3% during the 1st quarter. Encompass Capital Advisors LLC now owns 5,099,383 shares of the oil and gas company’s stock worth $42,376,000 after acquiring an additional 996,088 shares during the period. Gate City Capital Management LLC boosted its position in Helix Energy Solutions Group by 8.5% during the 2nd quarter. Gate City Capital Management LLC now owns 3,581,525 shares of the oil and gas company’s stock worth $22,349,000 after acquiring an additional 281,771 shares during the period. Finally, Wellington Management Group LLP grew its stake in Helix Energy Solutions Group by 2.6% during the 1st quarter. Wellington Management Group LLP now owns 3,368,295 shares of the oil and gas company’s stock valued at $27,991,000 after acquiring an additional 86,093 shares in the last quarter. 91.33% of the stock is owned by hedge funds and other institutional investors.

About Helix Energy Solutions Group

(Get Free Report)

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.

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