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

Helix Energy Solutions Group, Inc. (NYSE:HLX) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $10.50.

A number of brokerages recently weighed in on HLX. Zacks Research upgraded Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Cowen reaffirmed a “buy” rating on shares of Helix Energy Solutions Group in a research note on Friday, October 24th. Wall Street Zen upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Helix Energy Solutions Group in a report on Monday, December 29th. Finally, TD Cowen lifted their price target on shares of Helix Energy Solutions Group from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, October 24th.

Insider Buying and Selling at Helix Energy Solutions Group

In related news, COO Scott Andrew Sparks sold 40,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $6.88, for a total transaction of $275,200.00. Following the completion of the sale, the chief operating officer directly owned 301,042 shares of the company’s stock, valued at approximately $2,071,168.96. This represents a 11.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.37% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its stake in shares of Helix Energy Solutions Group by 530.1% in the 1st quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company’s stock valued at $1,955,000 after purchasing an additional 197,882 shares in the last quarter. Caxton Associates LLP bought a new stake in Helix Energy Solutions Group in the first quarter valued at about $184,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Helix Energy Solutions Group by 9.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company’s stock worth $3,101,000 after acquiring an additional 32,643 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Helix Energy Solutions Group by 1,836.3% in the 1st quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company’s stock worth $3,143,000 after acquiring an additional 358,663 shares during the period. Finally, Strs Ohio bought a new stake in Helix Energy Solutions Group in the 1st quarter valued at about $89,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Price Performance

Helix Energy Solutions Group stock opened at $7.16 on Friday. Helix Energy Solutions Group has a 1 year low of $5.52 and a 1 year high of $9.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.54 and a current ratio of 2.54. The firm has a 50 day moving average price of $6.70 and a 200 day moving average price of $6.49. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 25.55 and a beta of 1.25.

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