Helix Energy Solutions Group Inc (HLX) Receives Consensus Rating of “Hold” from Analysts

Helix Energy Solutions Group Inc (NYSE:HLX) has earned an average recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $8.40.

A number of equities analysts have recently commented on the company. ValuEngine downgraded Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Bank of America downgraded Helix Energy Solutions Group from a “neutral” rating to an “underperform” rating and set a $7.00 price objective for the company. in a research report on Tuesday, January 16th. Cowen set a $10.00 price objective on Helix Energy Solutions Group and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Piper Jaffray Companies set a $7.00 price objective on Helix Energy Solutions Group and gave the stock a “hold” rating in a research report on Sunday, December 31st.

Shares of Helix Energy Solutions Group (NYSE:HLX) traded down $0.31 during trading on Friday, hitting $6.67. The stock had a trading volume of 1,038,965 shares, compared to its average volume of 1,312,458. Helix Energy Solutions Group has a 1-year low of $4.82 and a 1-year high of $8.73. The firm has a market capitalization of $1,066.54, a P/E ratio of -11.30 and a beta of 2.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 2.02.

A number of institutional investors and hedge funds have recently made changes to their positions in HLX. Schwab Charles Investment Management Inc. boosted its holdings in Helix Energy Solutions Group by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,032,293 shares of the oil and gas company’s stock valued at $5,823,000 after purchasing an additional 6,512 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Helix Energy Solutions Group by 30.8% in the second quarter. JPMorgan Chase & Co. now owns 517,315 shares of the oil and gas company’s stock valued at $2,917,000 after purchasing an additional 121,672 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Helix Energy Solutions Group by 22.7% in the second quarter. Teachers Advisors LLC now owns 344,233 shares of the oil and gas company’s stock valued at $1,941,000 after purchasing an additional 63,665 shares in the last quarter. 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 valued at $104,000 after purchasing an additional 683 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Helix Energy Solutions Group in the second quarter valued at approximately $151,000. 85.88% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Helix Energy Solutions Group (NYSE:HLX)

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