Helix Energy Solutions Group Inc (NYSE:HLX) shares traded down 7.3% during mid-day trading on Tuesday . The company traded as low as $6.41 and last traded at $6.45. 2,168,111 shares traded hands during trading, an increase of 68% from the average session volume of 1,288,768 shares. The stock had previously closed at $6.96.
A number of research analysts have issued reports on the stock. Cowen reduced their price objective on shares of Helix Energy Solutions Group from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Thursday. ValuEngine downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Bank of America downgraded shares of Helix Energy Solutions Group from a “neutral” rating to an “underperform” rating and set a $7.00 target price on the stock. in a research report on Tuesday, January 16th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating on shares of Helix Energy Solutions Group in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $8.75.
The company has a market capitalization of $955.11, a PE ratio of 30.00 and a beta of 2.45. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.26.
Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of Helix Energy Solutions Group in the 3rd quarter worth about $118,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Helix Energy Solutions Group in the 3rd quarter worth about $181,000. GSA Capital Partners LLP purchased a new stake in shares of Helix Energy Solutions Group in the 2nd quarter worth about $151,000. Meadow Creek Investment Management LLC purchased a new stake in Helix Energy Solutions Group during the 4th quarter valued at about $202,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Helix Energy Solutions Group during the 3rd quarter valued at about $206,000. 84.97% of the stock is currently 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.
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