Bank of Montreal Can Purchases Shares of 41,420 Helix Energy Solutions Group, Inc. (NYSE:HLX)

Bank of Montreal Can purchased a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 41,420 shares of the oil and gas company’s stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quarry LP raised its stake in shares of Helix Energy Solutions Group by 576.3% during the first quarter. Quarry LP now owns 3,760 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 3,204 shares during the period. Tucker Asset Management LLC purchased a new stake in shares of Helix Energy Solutions Group during the first quarter valued at approximately $36,000. Captrust Financial Advisors raised its stake in shares of Helix Energy Solutions Group by 91.4% during the first quarter. Captrust Financial Advisors now owns 6,907 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 3,298 shares during the period. Fortis Capital Advisors LLC purchased a new stake in shares of Helix Energy Solutions Group during the first quarter valued at approximately $59,000. Finally, Belpointe Asset Management LLC raised its stake in shares of Helix Energy Solutions Group by 216.6% during the first quarter. Belpointe Asset Management LLC now owns 11,081 shares of the oil and gas company’s stock valued at $86,000 after purchasing an additional 7,581 shares during the period. 98.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on HLX shares. StockNews.com started coverage on shares of Helix Energy Solutions Group in a report on Thursday, October 5th. They issued a “hold” rating for the company. Piper Sandler upped their target price on Helix Energy Solutions Group from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, July 31st. BTIG Research upped their target price on Helix Energy Solutions Group from $14.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, September 20th. Finally, TD Cowen upped their target price on Helix Energy Solutions Group from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, July 31st.

Insider Activity

In other Helix Energy Solutions Group news, Director Diana Glassman sold 6,800 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $11.41, for a total value of $77,588.00. Following the transaction, the director now owns 27,990 shares of the company’s stock, valued at $319,365.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.14% of the stock is currently owned by company insiders.

Helix Energy Solutions Group Stock Performance

Shares of NYSE HLX opened at $9.38 on Tuesday. The business has a fifty day simple moving average of $10.41 and a 200 day simple moving average of $8.93. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 66.79 and a beta of 2.76. Helix Energy Solutions Group, Inc. has a one year low of $5.76 and a one year high of $11.88.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Monday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $395.67 million during the quarter, compared to analyst estimates of $356.41 million. Helix Energy Solutions Group had a return on equity of 3.67% and a net margin of 1.63%. Sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.38 EPS for the current year.

Helix Energy Solutions Group Company Profile

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 Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.