Helix Energy Solutions Group, Inc. $HLX Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 7.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,856 shares of the oil and gas company’s stock after acquiring an additional 5,633 shares during the period. State of Alaska Department of Revenue owned 0.06% of Helix Energy Solutions Group worth $528,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC increased its position in Helix Energy Solutions Group by 594,600.0% in the 1st quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company’s stock valued at $49,000 after acquiring an additional 5,946 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Helix Energy Solutions Group by 43.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company’s stock worth $59,000 after acquiring an additional 2,123 shares in the last quarter. CWM LLC boosted its stake in shares of Helix Energy Solutions Group by 78.0% during the 1st quarter. CWM LLC now owns 10,699 shares of the oil and gas company’s stock worth $89,000 after acquiring an additional 4,688 shares in the last quarter. Strs Ohio purchased a new stake in shares of Helix Energy Solutions Group during the 1st quarter worth approximately $89,000. Finally, Cresset Asset Management LLC purchased a new stake in Helix Energy Solutions Group in the 1st quarter valued at approximately $91,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Zacks Research upgraded Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Wall Street Zen downgraded Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Weiss Ratings restated a “sell (d)” rating on shares of Helix Energy Solutions Group in a report on Saturday, September 27th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $9.00 price target (down from $10.00) on shares of Helix Energy Solutions Group in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Helix Energy Solutions Group currently has a consensus rating of “Hold” and an average price target of $12.00.

Helix Energy Solutions Group Stock Down 0.2%

NYSE:HLX opened at $6.64 on Thursday. The company has a market capitalization of $975.99 million, a price-to-earnings ratio of 20.75 and a beta of 1.53. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year high of $11.48. The stock has a 50-day simple moving average of $6.28 and a 200 day simple moving average of $6.55. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.19.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The firm had revenue of $302.29 million during the quarter, compared to the consensus estimate of $326.62 million. Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.23%. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. Sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Helix Energy Solutions Group 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.