Helix Energy Solutions Group (NYSE:HLX) Posts Earnings Results

Helix Energy Solutions Group (NYSE:HLX) issued its earnings results on Monday. The oil and gas company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08, Briefing.com reports. Helix Energy Solutions Group had a return on equity of 2.75% and a net margin of 3.25%.The firm had revenue of $334.16 million for the quarter, compared to analysts’ expectations of $304.67 million. The business’s revenue was down 5.9% compared to the same quarter last year.

Helix Energy Solutions Group Stock Up 1.6%

Shares of NYSE HLX opened at $9.08 on Tuesday. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 32.43 and a beta of 1.25. Helix Energy Solutions Group has a 1 year low of $5.52 and a 1 year high of $9.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.54 and a current ratio of 2.54. The stock’s 50-day simple moving average is $7.43 and its 200-day simple moving average is $6.85.

Institutional Investors Weigh In On Helix Energy Solutions Group

Several hedge funds and other institutional investors have recently bought and sold shares of HLX. AQR Capital Management LLC boosted its stake in shares of Helix Energy Solutions Group by 530.1% during the 1st quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company’s stock valued at $1,955,000 after buying an additional 197,882 shares during the last quarter. Caxton Associates LLP bought a new position in Helix Energy Solutions Group during the 1st quarter valued at $184,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Helix Energy Solutions Group by 9.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company’s stock worth $3,101,000 after acquiring an additional 32,643 shares in the last quarter. Jane Street Group LLC increased its position in shares of Helix Energy Solutions Group by 1,836.3% in the 1st quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company’s stock worth $3,143,000 after purchasing an additional 358,663 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Helix Energy Solutions Group in the 1st quarter worth about $89,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on HLX shares. Weiss Ratings restated a “hold (c-)” rating on shares of Helix Energy Solutions Group in a report on Monday, December 29th. Zacks Research raised Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Helix Energy Solutions Group has an average rating of “Moderate Buy” and a consensus price target of $10.50.

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.