Helix Energy Solutions Group (NYSE:HLX) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.19 and traded as high as $9.08. Helix Energy Solutions Group shares last traded at $9.0650, with a volume of 1,655,949 shares trading hands.

Analyst Ratings Changes

A number of research firms have commented on HLX. Weiss Ratings restated a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research note on Monday, December 29th. Zacks Research upgraded Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Helix Energy Solutions Group currently has a consensus rating of “Moderate Buy” and an average price target of $10.50.

Helix Energy Solutions Group Stock Up 2.8%

The firm has a 50 day simple moving average of $8.28 and a two-hundred day simple moving average of $7.19. The stock has a market capitalization of $1.34 billion, a P/E ratio of 43.17 and a beta of 1.21. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Monday, February 23rd. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.08. The company had revenue of $334.16 million for the quarter, compared to analyst estimates of $304.67 million. Helix Energy Solutions Group had a return on equity of 2.88% and a net margin of 2.39%.The company’s revenue was down 5.9% on a year-over-year basis. On average, equities research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kennedy Capital Management LLC grew its holdings in shares of Helix Energy Solutions Group by 0.3% during the 4th quarter. Kennedy Capital Management LLC now owns 559,666 shares of the oil and gas company’s stock valued at $3,509,000 after purchasing an additional 1,428 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Helix Energy Solutions Group by 6.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 31,179 shares of the oil and gas company’s stock worth $195,000 after buying an additional 1,912 shares in the last quarter. Comerica Bank increased its holdings in shares of Helix Energy Solutions Group by 2.6% during the fourth quarter. Comerica Bank now owns 80,619 shares of the oil and gas company’s stock worth $505,000 after buying an additional 2,014 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of Helix Energy Solutions Group by 10.0% in the 2nd quarter. Corient Private Wealth LLC now owns 24,104 shares of the oil and gas company’s stock valued at $150,000 after acquiring an additional 2,183 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Helix Energy Solutions Group by 6.9% in the 2nd 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 acquiring an additional 2,354 shares during the last quarter. Institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Company Profile

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.