Helix Energy Solutions Group (NYSE:HLX) Upgraded at Zacks Research

Zacks Research upgraded shares of Helix Energy Solutions Group (NYSE:HLX) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

HLX has been the topic of several other research reports. Wall Street Zen cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Raymond James Financial reissued an “outperform” rating and set a $9.00 price objective (down previously from $10.00) on shares of Helix Energy Solutions Group in a report on Friday, July 25th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Helix Energy Solutions Group has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Helix Energy Solutions Group Stock Up 1.7%

NYSE HLX opened at $6.70 on Monday. The firm has a market cap of $984.10 million, a PE ratio of 20.92 and a beta of 1.65. Helix Energy Solutions Group has a one year low of $5.52 and a one year high of $12.33. The stock’s 50 day simple moving average is $6.22 and its 200 day simple moving average is $6.66. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.19 and a quick ratio of 2.19.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results 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). The business had revenue of $302.29 million for the quarter, compared to the consensus estimate of $326.62 million. Helix Energy Solutions Group had a return on equity of 3.23% and a net margin of 3.92%. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Helix Energy Solutions Group will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Helix Energy Solutions Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its holdings in Helix Energy Solutions Group by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 43,163 shares of the oil and gas company’s stock worth $359,000 after buying an additional 15,135 shares during the last quarter. Cetera Investment Advisers bought a new stake in Helix Energy Solutions Group in the 1st quarter valued at $425,000. SG Americas Securities LLC lifted its holdings in shares of Helix Energy Solutions Group by 8.2% in the first quarter. SG Americas Securities LLC now owns 69,460 shares of the oil and gas company’s stock valued at $577,000 after purchasing an additional 5,251 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Helix Energy Solutions Group by 6.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,338,193 shares of the oil and gas company’s stock valued at $19,430,000 after acquiring an additional 148,834 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Helix Energy Solutions Group by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company’s stock worth $30,590,000 after purchasing an additional 396,666 shares in the last quarter. Institutional investors own 91.33% of the company’s stock.

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.