Helix Energy Solutions Group (NYSE:HLX – Get Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.
Other research analysts have also recently issued reports about the company. TD Cowen lowered their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday. Raymond James assumed coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price target on the stock. Finally, BTIG Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday.
Read Our Latest Stock Report on HLX
Helix Energy Solutions Group Stock Up 1.0 %
Helix Energy Solutions Group (NYSE:HLX – Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $342.42 million during the quarter, compared to analyst estimates of $354.74 million. Helix Energy Solutions Group had a positive return on equity of 4.35% and a negative net margin of 0.49%. During the same period in the prior year, the business posted $0.19 EPS. On average, research analysts expect that Helix Energy Solutions Group will post 0.29 earnings per share for the current year.
Insider Activity at Helix Energy Solutions Group
In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the completion of the transaction, the chief executive officer now directly owns 7,171,860 shares in the company, valued at $85,488,571.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.37% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Helix Energy Solutions Group
A number of hedge funds and other institutional investors have recently modified their holdings of HLX. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Helix Energy Solutions Group in the 2nd quarter worth $45,000. GAMMA Investing LLC increased its holdings in shares of Helix Energy Solutions Group by 24.0% in the second quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock worth $76,000 after purchasing an additional 1,236 shares during the last quarter. CWM LLC lifted its position in shares of Helix Energy Solutions Group by 10.4% in the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock worth $108,000 after buying an additional 850 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in Helix Energy Solutions Group by 10.2% during the first quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company’s stock valued at $163,000 after buying an additional 1,391 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in Helix Energy Solutions Group during the 2nd quarter valued at approximately $184,000. Institutional investors own 91.33% of the company’s stock.
About Helix Energy Solutions Group
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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