Helix Energy Solutions Group (NYSE:HLX) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.36 and traded as high as $10.19. Helix Energy Solutions Group shares last traded at $10.0750, with a volume of 1,357,136 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.50.

Helix Energy Solutions Group Stock Performance

The firm has a 50-day simple moving average of $8.72 and a two-hundred day simple moving average of $7.36. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 47.98 and a beta of 1.21.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Monday, February 23rd. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08. The firm had revenue of $334.16 million during the quarter, compared to analysts’ expectations of $304.67 million. Helix Energy Solutions Group had a net margin of 2.39% and a return on equity of 2.88%. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Helix Energy Solutions Group

Several hedge funds have recently bought and sold shares of the business. American Century Companies Inc. boosted its stake in shares of Helix Energy Solutions Group by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 5,168,485 shares of the oil and gas company’s stock worth $32,251,000 after acquiring an additional 138,374 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Helix Energy Solutions Group by 109.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,804,147 shares of the oil and gas company’s stock valued at $31,515,000 after acquiring an additional 2,514,402 shares in the last quarter. Cresset Asset Management LLC raised its stake in shares of Helix Energy Solutions Group by 1,671.0% in the 2nd quarter. Cresset Asset Management LLC now owns 193,087 shares of the oil and gas company’s stock valued at $1,205,000 after acquiring an additional 182,184 shares in the last quarter. Acuitas Investments LLC lifted its holdings in Helix Energy Solutions Group by 63.8% in the 3rd quarter. Acuitas Investments LLC now owns 681,610 shares of the oil and gas company’s stock worth $4,471,000 after purchasing an additional 265,604 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in Helix Energy Solutions Group during the second quarter worth approximately $8,108,000. 91.33% of the stock is owned by institutional investors and hedge funds.

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.