Helix Energy Solutions Group (NYSE:HLX) Upgraded at StockNews.com

Helix Energy Solutions Group (NYSE:HLXGet Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Several other brokerages have also commented on HLX. Zacks Investment Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 9th. Piper Sandler boosted their target price 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. Finally, Capital One Financial restated an “equal weight” rating on shares of Helix Energy Solutions Group in a research report on Friday, March 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.75.

NYSE:HLX opened at $4.02 on Thursday. The firm’s fifty day moving average price is $4.73 and its 200 day moving average price is $4.00. Helix Energy Solutions Group has a 1-year low of $2.88 and a 1-year high of $6.70. 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 market cap of $609.64 million, a price-to-earnings ratio of -6.00 and a beta of 2.85.

Helix Energy Solutions Group (NYSE:HLXGet Rating) last posted its quarterly earnings data on Monday, April 25th. The oil and gas company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.08). Helix Energy Solutions Group had a negative net margin of 15.22% and a negative return on equity of 6.09%. During the same quarter in the previous year, the business earned ($0.02) earnings per share. As a group, analysts expect that Helix Energy Solutions Group will post -0.54 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. boosted its position in shares of Helix Energy Solutions Group by 1.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 161,621 shares of the oil and gas company’s stock worth $773,000 after buying an additional 2,728 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Helix Energy Solutions Group by 1.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 170,473 shares of the oil and gas company’s stock valued at $532,000 after purchasing an additional 2,852 shares during the last quarter. Metropolitan Life Insurance Co NY raised its stake in Helix Energy Solutions Group by 9.5% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 34,730 shares of the oil and gas company’s stock valued at $135,000 after purchasing an additional 3,003 shares during the last quarter. MetLife Investment Management LLC raised its stake in Helix Energy Solutions Group by 5.7% in the 1st quarter. MetLife Investment Management LLC now owns 59,411 shares of the oil and gas company’s stock valued at $284,000 after purchasing an additional 3,185 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in Helix Energy Solutions Group by 0.4% in the 3rd quarter. Panagora Asset Management Inc. now owns 931,624 shares of the oil and gas company’s stock valued at $3,615,000 after purchasing an additional 3,488 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

About Helix Energy Solutions Group (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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