Hsbc Holdings PLC Has $492,000 Stock Position in Helix Energy Solutions Group, Inc. $HLX

Hsbc Holdings PLC raised its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 230.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,410 shares of the oil and gas company’s stock after purchasing an additional 54,652 shares during the quarter. Hsbc Holdings PLC owned approximately 0.05% of Helix Energy Solutions Group worth $492,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Helix Energy Solutions Group during the 4th quarter valued at about $27,000. Royal Bank of Canada increased its holdings in Helix Energy Solutions Group by 175.9% in the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock worth $44,000 after buying an additional 4,458 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new position in Helix Energy Solutions Group in the fourth quarter worth approximately $74,000. XTX Topco Ltd acquired a new position in Helix Energy Solutions Group in the second quarter worth approximately $80,000. Finally, Inscription Capital LLC bought a new position in Helix Energy Solutions Group during the fourth quarter valued at approximately $83,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Stock Performance

Shares of NYSE HLX opened at $9.54 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.92 and a current ratio of 2.92. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 95.35 and a beta of 1.12. The business’s 50-day simple moving average is $9.40 and its 200-day simple moving average is $8.96. Helix Energy Solutions Group, Inc. has a 52 week low of $5.52 and a 52 week high of $10.75.

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, hitting the consensus estimate of ($0.09). The firm had revenue of $287.95 million during the quarter, compared to analyst estimates of $260.89 million. Helix Energy Solutions Group had a return on equity of 1.82% and a net margin of 1.10%.The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts expect that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Helix Energy Solutions Group

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.