Helix Energy Solutions Group Inc (NYSE:HLX) – Piper Jaffray Companies boosted their Q2 2019 EPS estimates for shares of Helix Energy Solutions Group in a research report issued on Tuesday, February 19th. Piper Jaffray Companies analyst I. Macpherson now forecasts that the oil and gas company will post earnings per share of $0.14 for the quarter, up from their previous estimate of $0.13. Piper Jaffray Companies also issued estimates for Helix Energy Solutions Group’s Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.00 EPS, FY2019 earnings at $0.24 EPS and FY2020 earnings at $0.38 EPS.
HLX has been the subject of several other research reports. Zacks Investment Research cut Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. ValuEngine cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 20th. Finally, Cowen reaffirmed an “outperform” rating and set a $10.00 target price (down previously from $11.00) on shares of Helix Energy Solutions Group in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $9.42.
NYSE:HLX opened at $7.36 on Friday. Helix Energy Solutions Group has a 1 year low of $5.05 and a 1 year high of $10.89. The firm has a market capitalization of $1.07 billion, a PE ratio of 38.74 and a beta of 2.82. The company has a quick ratio of 2.65, a current ratio of 2.35 and a debt-to-equity ratio of 0.24.
Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Monday, February 18th. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.01). Helix Energy Solutions Group had a return on equity of 1.78% and a net margin of 3.87%. The business had revenue of $158.36 million during the quarter, compared to the consensus estimate of $155.42 million. During the same period in the previous year, the company posted $0.34 EPS. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year.
A number of hedge funds have recently made changes to their positions in HLX. Russell Investments Group Ltd. boosted its position in shares of Helix Energy Solutions Group by 217.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 215,114 shares of the oil and gas company’s stock valued at $2,125,000 after purchasing an additional 147,337 shares during the period. TIAA CREF Investment Management LLC lifted its stake in Helix Energy Solutions Group by 116.9% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 990,618 shares of the oil and gas company’s stock worth $9,787,000 after acquiring an additional 533,894 shares in the last quarter. Advisor Partners LLC purchased a new stake in Helix Energy Solutions Group in the 4th quarter worth about $59,000. MetLife Investment Advisors LLC lifted its stake in Helix Energy Solutions Group by 53.8% in the 3rd quarter. MetLife Investment Advisors LLC now owns 103,951 shares of the oil and gas company’s stock worth $1,027,000 after acquiring an additional 36,382 shares in the last quarter. Finally, Systematic Financial Management LP lifted its stake in Helix Energy Solutions Group by 613.6% in the 3rd quarter. Systematic Financial Management LP now owns 1,355,759 shares of the oil and gas company’s stock worth $13,395,000 after acquiring an additional 1,165,769 shares in the last quarter. 96.38% of the stock is owned by institutional investors and hedge funds.
About Helix Energy Solutions Group
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.
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