Helix Energy Solutions Group, Inc. (HLX) Trading Up 10.3%

Helix Energy Solutions Group, Inc. (NYSE:HLX) was up 10.3% on Monday . The stock traded as high as $7.51 and last traded at $7.31. Approximately 4,778,842 shares traded hands during mid-day trading, an increase of 249% from the average daily volume of 1,369,110 shares. The stock had previously closed at $6.63.

Several equities research analysts have weighed in on HLX shares. Bank of America Corporation started coverage on shares of Helix Energy Solutions Group in a research note on Tuesday, September 5th. They issued a “neutral” rating and a $7.00 target price for the company. Morgan Stanley restated an “overweight” rating and issued a $8.00 target price (down from $15.00) on shares of Helix Energy Solutions Group in a research note on Wednesday, June 21st. BidaskClub upgraded shares of Helix Energy Solutions Group from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Cowen and Company restated a “buy” rating and issued a $9.00 target price on shares of Helix Energy Solutions Group in a research note on Friday, September 1st. Finally, Piper Jaffray Companies downgraded shares of Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and raised their target price for the company from $7.00 to $7.30 in a research note on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.33.

The stock’s market capitalization is $1.13 billion. The firm’s 50 day moving average is $6.94 and its 200 day moving average is $6.28.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Sunday, July 23rd. The oil and gas company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). Helix Energy Solutions Group had a negative net margin of 12.09% and a negative return on equity of 1.21%. The firm had revenue of $150.30 million during the quarter, compared to analysts’ expectations of $141.03 million. During the same period in the prior year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 40.2% on a year-over-year basis. Analysts anticipate that Helix Energy Solutions Group, Inc. will post ($0.14) EPS for the current year.

Several large investors have recently made changes to their positions in HLX. First Trust Advisors LP increased its position in shares of Helix Energy Solutions Group by 40.1% in the 1st quarter. First Trust Advisors LP now owns 79,148 shares of the oil and gas company’s stock valued at $615,000 after purchasing an additional 22,663 shares during the last quarter. Comerica Bank increased its position in shares of Helix Energy Solutions Group by 27.3% in the 1st quarter. Comerica Bank now owns 153,136 shares of the oil and gas company’s stock valued at $940,000 after purchasing an additional 32,829 shares during the last quarter. Swiss National Bank increased its position in shares of Helix Energy Solutions Group by 28.4% in the 1st quarter. Swiss National Bank now owns 225,900 shares of the oil and gas company’s stock valued at $1,755,000 after purchasing an additional 50,000 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Helix Energy Solutions Group by 36.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 52,933 shares of the oil and gas company’s stock valued at $411,000 after purchasing an additional 14,031 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of Helix Energy Solutions Group in the 1st quarter valued at approximately $522,000. 86.85% of the stock is currently owned by institutional investors.

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Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.

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