Hsbc Holdings PLC Raises Stock Holdings in Helix Energy Solutions Group, Inc. $HLX

Hsbc Holdings PLC boosted its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 84.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,932 shares of the oil and gas company’s stock after purchasing an additional 16,486 shares during the quarter. Hsbc Holdings PLC’s holdings in Helix Energy Solutions Group were worth $302,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. purchased a new position in Helix Energy Solutions Group during the first quarter worth approximately $518,000. Wellington Management Group LLP boosted its position in Helix Energy Solutions Group by 2.6% during the first quarter. Wellington Management Group LLP now owns 3,368,295 shares of the oil and gas company’s stock worth $27,991,000 after purchasing an additional 86,093 shares in the last quarter. Algert Global LLC lifted its position in shares of Helix Energy Solutions Group by 140.0% in the first quarter. Algert Global LLC now owns 273,070 shares of the oil and gas company’s stock valued at $2,269,000 after acquiring an additional 159,280 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Helix Energy Solutions Group by 6.2% in the first quarter. Raymond James Financial Inc. now owns 691,287 shares of the oil and gas company’s stock valued at $5,745,000 after acquiring an additional 40,052 shares in the last quarter. Finally, Cresset Asset Management LLC purchased a new position in shares of Helix Energy Solutions Group in the first quarter valued at approximately $91,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HLX shares. Wall Street Zen downgraded Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Raymond James Financial restated an “outperform” rating and issued a $9.00 target price (down previously from $10.00) on shares of Helix Energy Solutions Group in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Helix Energy Solutions Group Stock Performance

Shares of Helix Energy Solutions Group stock opened at $6.49 on Thursday. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year high of $12.33. The company has a market cap of $953.23 million, a price-to-earnings ratio of 20.27 and a beta of 1.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.19. The business’s 50 day moving average price is $6.25 and its 200 day moving average price is $6.84.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). Helix Energy Solutions Group had a return on equity of 3.23% and a net margin of 3.92%.The company had revenue of $302.29 million for the quarter, compared to analysts’ expectations of $326.62 million. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. On average, research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 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 four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.