Helix Energy Solutions Group (NYSE:HLX)‘s stock had its “outperform” rating restated by investment analysts at Cowen in a note issued to investors on Thursday. They currently have a $9.00 target price on the oil and gas company’s stock, down from their previous target price of $10.00. Cowen’s target price would indicate a potential upside of 36.36% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. Bank of America lowered Helix Energy Solutions Group from a “neutral” rating to an “underperform” rating and set a $7.00 price objective on the stock. in a research report on Tuesday, January 16th. ValuEngine lowered Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Piper Jaffray Companies restated a “hold” rating on shares of Helix Energy Solutions Group in a research report on Friday, October 27th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $11.00 price objective (down previously from $14.00) on shares of Helix Energy Solutions Group in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $8.75.
Shares of Helix Energy Solutions Group (NYSE:HLX) opened at $6.60 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.70 and a quick ratio of 2.02. Helix Energy Solutions Group has a 52-week low of $4.82 and a 52-week high of $8.70. The company has a market capitalization of $974.95, a P/E ratio of -44.00 and a beta of 2.45.
Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in shares of Helix Energy Solutions Group during the 3rd quarter worth approximately $118,000. Crossmark Global Holdings Inc. acquired a new position in shares of Helix Energy Solutions Group during the 3rd quarter worth approximately $181,000. Meadow Creek Investment Management LLC acquired a new position in shares of Helix Energy Solutions Group during the 4th quarter worth approximately $202,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Helix Energy Solutions Group during the 3rd quarter worth approximately $206,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Helix Energy Solutions Group during the 2nd quarter worth approximately $169,000. 84.97% of the stock is owned by institutional investors and hedge funds.
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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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