Helix Energy Solutions Group Inc (HLX) Receives Consensus Rating of “Buy” from Analysts

Shares of Helix Energy Solutions Group Inc (NYSE:HLX) have received an average recommendation of “Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $9.20.

Several equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Thursday, July 26th.

NYSE HLX opened at $9.01 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.50 and a quick ratio of 2.50. Helix Energy Solutions Group has a 1 year low of $5.44 and a 1 year high of $10.41. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -60.07 and a beta of 2.56.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Monday, July 23rd. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. Helix Energy Solutions Group had a net margin of 9.79% and a return on equity of 1.05%. The company had revenue of $204.63 million during the quarter, compared to the consensus estimate of $183.54 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. Helix Energy Solutions Group’s revenue for the quarter was up 36.1% on a year-over-year basis. sell-side analysts anticipate that Helix Energy Solutions Group will post 0.19 EPS for the current fiscal year.

In other news, CEO Owen E. Kratz sold 271,532 shares of the stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $10.09, for a total transaction of $2,739,757.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.85% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Helix Energy Solutions Group by 6.2% during the second quarter. BlackRock Inc. now owns 19,667,937 shares of the oil and gas company’s stock worth $163,833,000 after purchasing an additional 1,156,169 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Helix Energy Solutions Group by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 12,545,557 shares of the oil and gas company’s stock worth $72,639,000 after purchasing an additional 33,460 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Helix Energy Solutions Group by 3.9% during the second quarter. Victory Capital Management Inc. now owns 6,958,736 shares of the oil and gas company’s stock worth $57,966,000 after purchasing an additional 262,605 shares in the last quarter. Macquarie Group Ltd. raised its holdings in Helix Energy Solutions Group by 0.3% during the second quarter. Macquarie Group Ltd. now owns 4,449,931 shares of the oil and gas company’s stock worth $37,068,000 after purchasing an additional 11,664 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Helix Energy Solutions Group by 725.5% during the first quarter. Legal & General Group Plc now owns 2,370,722 shares of the oil and gas company’s stock worth $13,720,000 after purchasing an additional 2,083,536 shares in the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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Analyst Recommendations for Helix Energy Solutions Group (NYSE:HLX)

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