Helix Energy Solutions Group (NYSE:HLX) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Helix Energy Solutions Group (NYSE:HLX) from a buy rating to a hold rating in a report released on Sunday.

HLX has been the topic of a number of other research reports. TD Cowen increased their price objective on Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Weiss Ratings raised Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.00.

Helix Energy Solutions Group Trading Down 1.3%

Shares of HLX stock opened at $10.41 on Friday. The company’s fifty day simple moving average is $9.35 and its two-hundred day simple moving average is $9.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47. Helix Energy Solutions Group has a 1 year low of $5.61 and a 1 year high of $10.75. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 38.54 and a beta of 1.14.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The firm had revenue of $304.02 million for the quarter, compared to the consensus estimate of $314.56 million. Helix Energy Solutions Group had a return on equity of 2.95% and a net margin of 3.04%. As a group, analysts anticipate that Helix Energy Solutions Group will post 0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Quarry LP bought a new stake in Helix Energy Solutions Group during the fourth quarter valued at $27,000. Royal Bank of Canada raised its holdings in shares of Helix Energy Solutions Group by 175.9% in the 4th quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 4,458 shares in the last quarter. State of Wyoming boosted its position in shares of Helix Energy Solutions Group by 357.7% during the 1st quarter. State of Wyoming now owns 10,449 shares of the oil and gas company’s stock valued at $103,000 after acquiring an additional 8,166 shares during the last quarter. Strs Ohio bought a new stake in shares of Helix Energy Solutions Group during the 1st quarter valued at about $89,000. Finally, OneDigital Investment Advisors LLC bought a new stake in shares of Helix Energy Solutions Group during the 2nd quarter valued at about $97,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

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.