Helix Energy Solutions Group, Inc. (NYSE:HLX) Receives $10.50 Consensus Price Target from Analysts

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $10.50.

Several research analysts have commented on the company. TD Cowen lifted their price target on Helix Energy Solutions Group from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Cowen reaffirmed a “buy” rating on shares of Helix Energy Solutions Group in a research report on Friday, October 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Helix Energy Solutions Group in a research note on Monday. Wall Street Zen upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Zacks Research raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th.

Insider Buying and Selling

In other news, COO Scott Andrew Sparks sold 40,000 shares of Helix Energy Solutions Group stock in a transaction that occurred 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 sale, the chief operating officer 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Helix Energy Solutions Group

Institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Helix Energy Solutions Group by 7.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,953 shares of the oil and gas company’s stock valued at $162,000 after buying an additional 1,781 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in Helix Energy Solutions Group by 6.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 31,179 shares of the oil and gas company’s stock valued at $195,000 after acquiring an additional 1,912 shares during the period. Smartleaf Asset Management LLC raised its position in Helix Energy Solutions Group by 43.1% in the first quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company’s stock worth $59,000 after purchasing an additional 2,123 shares in the last quarter. Corient Private Wealth LLC lifted its stake in Helix Energy Solutions Group by 10.0% during the second quarter. Corient Private Wealth LLC now owns 24,104 shares of the oil and gas company’s stock worth $150,000 after purchasing an additional 2,183 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Helix Energy Solutions Group by 6.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,570 shares of the oil and gas company’s stock valued at $228,000 after purchasing an additional 2,354 shares in the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Performance

Shares of NYSE HLX opened at $6.17 on Wednesday. The business’s 50-day simple moving average is $6.71 and its 200-day simple moving average is $6.52. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.54 and a current ratio of 2.54. Helix Energy Solutions Group has a 52 week low of $5.52 and a 52 week high of $9.75. The firm has a market cap of $907.48 million, a price-to-earnings ratio of 22.04 and a beta of 1.26.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. Helix Energy Solutions Group had a net margin of 3.25% and a return on equity of 2.75%. The firm had revenue of $376.96 million for the quarter, compared to the consensus estimate of $361.93 million. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities research analysts expect that Helix Energy Solutions Group will post 0.26 earnings per share for the current fiscal year.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.