Louisiana State Employees Retirement System Buys Shares of 60,700 Helix Energy Solutions Group, Inc. $HLX

Louisiana State Employees Retirement System bought a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 60,700 shares of the oil and gas company’s stock, valued at approximately $600,000.

Several other large investors have also recently made changes to their positions in the company. Kennedy Capital Management LLC lifted its holdings in Helix Energy Solutions Group by 0.3% in 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 in the last quarter. Comerica Bank raised its position in shares of Helix Energy Solutions Group by 2.6% in the fourth quarter. Comerica Bank now owns 80,619 shares of the oil and gas company’s stock valued at $505,000 after buying an additional 2,014 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of Helix Energy Solutions Group by 10.0% in the second quarter. Corient Private Wealth LLC now owns 24,104 shares of the oil and gas company’s stock worth $150,000 after buying an additional 2,183 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Helix Energy Solutions Group by 9.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,961 shares of the oil and gas company’s stock worth $182,000 after acquiring an additional 2,392 shares during the last quarter. Finally, Oxford Asset Management LLP boosted its position in Helix Energy Solutions Group by 7.1% during the second quarter. Oxford Asset Management LLP now owns 45,352 shares of the oil and gas company’s stock worth $283,000 after acquiring an additional 3,016 shares during the last quarter. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on HLX. Weiss Ratings downgraded shares of Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. TD Cowen upped their price target on Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Helix Energy Solutions Group currently has a consensus rating of “Hold” and a consensus price target of $11.50.

Helix Energy Solutions Group Price Performance

Helix Energy Solutions Group stock opened at $8.71 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $9.50 and a 200 day moving average price of $8.81. Helix Energy Solutions Group, Inc. has a 12-month low of $5.52 and a 12-month high of $10.75. The stock has a market cap of $1.28 billion, a P/E ratio of 87.05 and a beta of 1.12.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). Helix Energy Solutions Group had a net margin of 1.10% and a return on equity of 1.82%. The company had revenue of $287.95 million for the quarter, compared to analyst estimates of $260.89 million. The firm’s revenue was up 3.6% compared to the same quarter last year. Sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.33 earnings per share for the current year.

Helix Energy Solutions Group 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.