Helix Energy Solutions Group (NYSE:HLX) Cut to Sell at StockNews.com

StockNews.com lowered shares of Helix Energy Solutions Group (NYSE:HLXGet Rating) from a hold rating to a sell rating in a research report report published on Tuesday.

HLX has been the subject of a number of other reports. Piper Sandler upped their price objective on shares of Helix Energy Solutions Group from $6.30 to $7.25 and gave the stock an overweight rating in a research report on Monday, April 18th. Zacks Investment Research downgraded shares of Helix Energy Solutions Group from a buy rating to a hold rating in a research report on Wednesday, March 9th. Finally, Capital One Financial reaffirmed an equal weight rating on shares of Helix Energy Solutions Group in a research report on Friday, March 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $5.50.

NYSE:HLX opened at $4.20 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a 50-day moving average of $4.73 and a 200-day moving average of $4.01. The company has a market cap of $636.93 million, a PE ratio of -6.27 and a beta of 2.85. Helix Energy Solutions Group has a one year low of $2.88 and a one year high of $6.70.

Helix Energy Solutions Group (NYSE:HLXGet Rating) last posted its earnings results on Monday, April 25th. The oil and gas company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.08). Helix Energy Solutions Group had a negative return on equity of 6.09% and a negative net margin of 15.22%. During the same quarter in the prior year, the company earned ($0.02) EPS. On average, equities research analysts expect that Helix Energy Solutions Group will post -0.51 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLX. BlackRock Inc. boosted its stake in Helix Energy Solutions Group by 3.0% in the fourth quarter. BlackRock Inc. now owns 24,075,774 shares of the oil and gas company’s stock valued at $75,116,000 after acquiring an additional 697,587 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Helix Energy Solutions Group during the 4th quarter valued at approximately $2,132,000. Millennium Management LLC lifted its stake in shares of Helix Energy Solutions Group by 1,153.8% during the 4th quarter. Millennium Management LLC now owns 554,128 shares of the oil and gas company’s stock valued at $1,729,000 after buying an additional 509,932 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Helix Energy Solutions Group by 13.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,004,569 shares of the oil and gas company’s stock valued at $11,657,000 after buying an additional 366,054 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in shares of Helix Energy Solutions Group by 34.5% during the 4th quarter. Panagora Asset Management Inc. now owns 1,253,251 shares of the oil and gas company’s stock valued at $3,910,000 after buying an additional 321,627 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Helix Energy Solutions Group Company Profile (Get Rating)

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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