Helix Energy Solutions Group (NYSE:HLX) Stock Rating Upgraded by Wall Street Zen

Helix Energy Solutions Group (NYSE:HLX) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings restated a “sell (d+)” rating on shares of Helix Energy Solutions Group in a research note on Friday, July 24th. TD Cowen increased their target price on shares of Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.00.

Helix Energy Solutions Group Stock Performance

Shares of HLX opened at $9.62 on Friday. The firm has a market cap of $1.42 billion, a PE ratio of 35.61 and a beta of 1.14. The stock’s fifty day moving average price is $9.26 and its two-hundred day moving average price is $9.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47. Helix Energy Solutions Group has a 1 year low of $5.58 and a 1 year high of $10.75.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Thursday, August 6th. The oil and gas company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $304.02 million for the quarter, compared to analysts’ expectations of $314.56 million. Helix Energy Solutions Group had a return on equity of 2.95% and a net margin of 3.04%. On average, equities research analysts forecast that Helix Energy Solutions Group will post 0.28 EPS for the current year.

Hedge Funds Weigh In On Helix Energy Solutions Group

Several hedge funds have recently made changes to their positions in HLX. BlackRock Inc. bought a new stake in shares of Helix Energy Solutions Group during the 2nd quarter valued at $198,670,000. Dimensional Fund Advisors LP boosted its stake in Helix Energy Solutions Group by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,959,806 shares of the oil and gas company’s stock worth $88,611,000 after purchasing an additional 249,887 shares during the period. State Street Corp grew its holdings in Helix Energy Solutions Group by 6.3% during the 4th quarter. State Street Corp now owns 6,263,543 shares of the oil and gas company’s stock valued at $39,272,000 after buying an additional 372,115 shares in the last quarter. Invesco Ltd. grew its holdings in Helix Energy Solutions Group by 58.6% during the 4th quarter. Invesco Ltd. now owns 4,968,078 shares of the oil and gas company’s stock valued at $31,150,000 after buying an additional 1,835,536 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Helix Energy Solutions Group by 893.7% during the 3rd quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock valued at $26,409,000 after buying an additional 3,620,563 shares in the last quarter. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.