Piper Jaffray Companies set a $7.00 target price on Helix Energy Solutions Group (NYSE:HLX) in a report issued on Sunday, December 31st. The firm currently has a hold rating on the oil and gas company’s stock.
Several other research firms have also issued reports on HLX. Zacks Investment Research lowered shares of Helix Energy Solutions Group from a hold rating to a sell rating in a research report on Tuesday, October 24th. Cowen set a $9.00 price objective on shares of Helix Energy Solutions Group and gave the company a buy rating in a research note on Friday, October 6th. Capital One Financial reaffirmed an overweight rating on shares of Helix Energy Solutions Group in a research note on Tuesday, October 10th. Finally, Bank of America assumed coverage on shares of Helix Energy Solutions Group in a research note on Tuesday, September 5th. They set a neutral rating and a $7.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Helix Energy Solutions Group has an average rating of Hold and an average price target of $8.40.
Helix Energy Solutions Group (NYSE HLX) opened at $8.68 on Friday. Helix Energy Solutions Group has a 1 year low of $4.82 and a 1 year high of $8.89. The stock has a market cap of $1,280.00, a price-to-earnings ratio of -14.47 and a beta of 2.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.02 and a quick ratio of 2.02.
Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Helix Energy Solutions Group had a negative net margin of 13.72% and a negative return on equity of 1.80%. The business had revenue of $163.30 million during the quarter, compared to analyst estimates of $168.97 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. analysts predict that Helix Energy Solutions Group will post -0.14 EPS for the current fiscal year.
In other news, COO Scott Andrew Sparks sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $6.75, for a total transaction of $67,500.00. Following the sale, the chief operating officer now owns 151,530 shares in the company, valued at $1,022,827.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Nancy K. Quinn sold 11,268 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $7.44, for a total transaction of $83,833.92. Following the sale, the director now owns 104,107 shares in the company, valued at approximately $774,556.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,734 shares of company stock valued at $196,079. 5.70% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in Helix Energy Solutions Group in the third quarter worth approximately $118,000. Amalgamated Bank boosted its holdings in Helix Energy Solutions Group by 3.8% in the second quarter. Amalgamated Bank now owns 18,427 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 683 shares during the last quarter. Green Square Capital LLC boosted its holdings in Helix Energy Solutions Group by 1.7% in the second quarter. Green Square Capital LLC now owns 21,392 shares of the oil and gas company’s stock worth $121,000 after purchasing an additional 359 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Helix Energy Solutions Group in the third quarter worth approximately $181,000. Finally, GSA Capital Partners LLP purchased a new stake in Helix Energy Solutions Group in the second quarter worth approximately $151,000. Institutional investors own 85.92% of the company’s stock.
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About Helix Energy Solutions Group
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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