Piper Jaffray Companies reiterated their hold rating on shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in a research report sent to investors on Friday, October 27th.
Other research analysts have also issued research reports about the company. Cowen and Company set a $9.00 price target on Helix Energy Solutions Group and gave the stock a buy rating in a research report on Friday, October 6th. Bank of America Corporation started coverage on Helix Energy Solutions Group in a research report on Tuesday, September 5th. They set a neutral rating and a $7.00 price target for the company. Capital One Financial Corporation reiterated an overweight rating on shares of Helix Energy Solutions Group in a research report on Tuesday, October 10th. BidaskClub upgraded Helix Energy Solutions Group from a strong sell rating to a sell rating in a research report on Friday, August 25th. Finally, Zacks Investment Research upgraded Helix Energy Solutions Group from a sell rating to a hold rating in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Helix Energy Solutions Group currently has a consensus rating of Hold and an average price target of $9.33.
Shares of Helix Energy Solutions Group (HLX) traded down $0.21 during trading hours on Friday, hitting $7.25. The company had a trading volume of 1,217,400 shares, compared to its average volume of 2,070,633. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.26. Helix Energy Solutions Group has a 1-year low of $4.82 and a 1-year high of $11.87.
Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. Helix Energy Solutions Group had a negative return on equity of 1.80% and a negative net margin of 13.72%. The company had revenue of $163.30 million for the quarter, compared to the consensus estimate of $168.97 million. During the same period in the previous year, the business earned $0.10 EPS. Helix Energy Solutions Group’s revenue for the quarter was up 1.2% compared to the same quarter last year. equities analysts forecast that Helix Energy Solutions Group will post -0.13 earnings per share for the current year.
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In other news, EVP Anthony Tripodo sold 6,466 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $6.92, for a total transaction of $44,744.72. Following the completion of the sale, the executive vice president now owns 318,937 shares in the company, valued at approximately $2,207,044.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Scott Andrew Sparks sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $6.75, for a total value of $67,500.00. Following the sale, the chief operating officer now owns 151,530 shares of the company’s stock, valued at approximately $1,022,827.50. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in HLX. Amalgamated Bank boosted its stake in Helix Energy Solutions Group by 3.8% during the 2nd quarter. Amalgamated Bank now owns 18,427 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 683 shares during the period. Green Square Capital LLC raised its holdings in Helix Energy Solutions Group by 1.7% in the 2nd quarter. Green Square Capital LLC now owns 21,392 shares of the oil and gas company’s stock valued at $121,000 after acquiring an additional 359 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in Helix Energy Solutions Group in the 1st quarter valued at approximately $129,000. GSA Capital Partners LLP acquired a new position in Helix Energy Solutions Group in the 2nd quarter valued at approximately $151,000. Finally, State of Alaska Department of Revenue raised its holdings in Helix Energy Solutions Group by 77.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 26,960 shares of the oil and gas company’s stock valued at $152,000 after acquiring an additional 11,800 shares in the last quarter. Hedge funds and other institutional investors own 87.02% of the company’s stock.
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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