Helix Energy Solutions Group (HLX) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of Helix Energy Solutions Group (NYSE:HLX) from a hold rating to a buy rating in a report issued on Wednesday.

Several other research analysts also recently commented on the stock. Piper Jaffray Companies raised shares of Helix Energy Solutions Group from a neutral rating to an overweight rating and set a $9.00 price target on the stock in a research note on Wednesday, April 25th. Raymond James raised shares of Helix Energy Solutions Group from a market perform rating to an outperform rating in a research note on Thursday, April 26th. Finally, TheStreet raised shares of Helix Energy Solutions Group from a d+ rating to a c- rating in a research note on Wednesday, May 9th. Three equities research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $9.05.

Helix Energy Solutions Group opened at $8.26 on Wednesday, MarketBeat Ratings reports. The stock has a market capitalization of $1.13 billion, a P/E ratio of -55.07 and a beta of 2.46. Helix Energy Solutions Group has a 12 month low of $5.06 and a 12 month high of $8.70. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.26.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Monday, April 23rd. The oil and gas company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The company had revenue of $164.26 million for the quarter, compared to the consensus estimate of $144.12 million. Helix Energy Solutions Group had a net margin of 6.85% and a negative return on equity of 0.50%. The firm’s revenue was up 57.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.12) EPS. equities research analysts expect that Helix Energy Solutions Group will post 0.15 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Swiss National Bank grew its holdings in Helix Energy Solutions Group by 4.7% during the 4th quarter. Swiss National Bank now owns 236,500 shares of the oil and gas company’s stock worth $1,783,000 after acquiring an additional 10,600 shares in the last quarter. BlackRock Inc. grew its holdings in Helix Energy Solutions Group by 1.0% during the 4th quarter. BlackRock Inc. now owns 18,345,302 shares of the oil and gas company’s stock worth $138,323,000 after acquiring an additional 176,104 shares in the last quarter. Macquarie Group Ltd. grew its holdings in Helix Energy Solutions Group by 4.8% during the 4th quarter. Macquarie Group Ltd. now owns 4,403,354 shares of the oil and gas company’s stock worth $33,201,000 after acquiring an additional 202,007 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Helix Energy Solutions Group by 4.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,178,511 shares of the oil and gas company’s stock worth $8,886,000 after acquiring an additional 55,055 shares in the last quarter. Finally, Guggenheim Capital LLC grew its holdings in Helix Energy Solutions Group by 121.9% during the 4th quarter. Guggenheim Capital LLC now owns 157,144 shares of the oil and gas company’s stock worth $1,185,000 after acquiring an additional 86,335 shares in the last quarter. Institutional investors own 88.10% of the company’s stock.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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