Brokerages Set Helix Energy Solutions Group, Inc. (NYSE:HLX) PT at $10.50

Helix Energy Solutions Group, Inc. (NYSE:HLX) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $10.50.

A number of analysts recently issued reports on HLX shares. Wall Street Zen upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Cowen reissued a “buy” rating on shares of Helix Energy Solutions Group in a research note on Friday, October 24th. Zacks Research upgraded shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Helix Energy Solutions Group in a research report on Wednesday, November 19th. Finally, TD Cowen lifted their price target on Helix Energy Solutions Group from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, October 24th.

Helix Energy Solutions Group Stock Performance

Shares of HLX opened at $6.48 on Friday. Helix Energy Solutions Group has a 52-week low of $5.52 and a 52-week high of $11.48. The company has a market capitalization of $953.53 million, a PE ratio of 23.15 and a beta of 1.55. The company has a 50-day simple moving average of $6.57 and a 200-day simple moving average of $6.45. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $376.96 million during the quarter, compared to analyst estimates of $361.93 million. Helix Energy Solutions Group had a net margin of 3.25% and a return on equity of 2.75%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Equities research analysts predict that Helix Energy Solutions Group will post 0.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 40,000 shares of Helix Energy Solutions Group stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $6.88, for a total transaction of $275,200.00. Following the completion of the transaction, the chief operating officer directly owned 301,042 shares of the company’s stock, valued at approximately $2,071,168.96. This trade represents a 11.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HLX. Bessemer Group Inc. raised its holdings in shares of Helix Energy Solutions Group by 243.4% during the second quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 3,576 shares during the period. AlphaQuest LLC boosted its stake in shares of Helix Energy Solutions Group by 594,600.0% in the first quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 5,946 shares during the period. Smartleaf Asset Management LLC grew its stake in Helix Energy Solutions Group by 43.1% during the first quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company’s stock worth $59,000 after buying an additional 2,123 shares in the last quarter. Drucker Wealth 3.0 LLC acquired a new position in shares of Helix Energy Solutions Group during the 3rd quarter worth $66,000. Finally, Ballentine Partners LLC acquired a new stake in Helix Energy Solutions Group in the third quarter valued at approximately $70,000. 91.33% of the stock is currently owned by institutional investors.

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.