Helix Energy Solutions Group (NYSE:HLX) Shares Gap Up to $4.38

Helix Energy Solutions Group, Inc. (NYSE:HLXGet Rating)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $4.38, but opened at $4.54. Helix Energy Solutions Group shares last traded at $4.40, with a volume of 3,425 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HLX. StockNews.com lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Saturday, August 20th. Cowen increased their price target on shares of Helix Energy Solutions Group from $6.50 to $7.50 in a report on Wednesday, July 27th. Cowen increased their price target on shares of Helix Energy Solutions Group from $6.50 to $7.50 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Capital One Financial increased their price target on shares of Helix Energy Solutions Group to $6.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Finally, Evercore ISI raised shares of Helix Energy Solutions Group from an “in-line” rating to an “outperform” rating and increased their target price for the company from $6.00 to $8.00 in a report on Wednesday, July 27th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $7.25.

Helix Energy Solutions Group Stock Performance

The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.17. The company’s fifty day moving average is $3.98 and its 200 day moving average is $4.17. The company has a market cap of $640.30 million, a P/E ratio of -5.41 and a beta of 2.85.

Helix Energy Solutions Group (NYSE:HLXGet Rating) last released its earnings results on Monday, July 25th. The oil and gas company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.02. Helix Energy Solutions Group had a negative net margin of 17.62% and a negative return on equity of 7.24%. During the same quarter last year, the company posted ($0.09) EPS. As a group, equities analysts predict that Helix Energy Solutions Group, Inc. will post -0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of large investors have recently added to or reduced their stakes in HLX. Goldman Sachs Group Inc. grew its holdings in Helix Energy Solutions Group by 202.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,177,004 shares of the oil and gas company’s stock worth $10,406,000 after acquiring an additional 1,457,577 shares during the last quarter. Voya Investment Management LLC grew its holdings in Helix Energy Solutions Group by 1,280.5% in the 2nd quarter. Voya Investment Management LLC now owns 1,335,175 shares of the oil and gas company’s stock worth $4,139,000 after acquiring an additional 1,238,461 shares during the last quarter. Foundry Partners LLC bought a new stake in Helix Energy Solutions Group in the 2nd quarter worth $2,623,000. Van ECK Associates Corp grew its holdings in Helix Energy Solutions Group by 12.4% in the 1st quarter. Van ECK Associates Corp now owns 7,405,849 shares of the oil and gas company’s stock worth $35,400,000 after acquiring an additional 815,060 shares during the last quarter. Finally, State Street Corp grew its holdings in Helix Energy Solutions Group by 12.4% in the 1st quarter. State Street Corp now owns 7,200,373 shares of the oil and gas company’s stock worth $34,418,000 after acquiring an additional 794,783 shares during the last quarter. Institutional investors own 91.32% 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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