Helix Energy Solutions Group (NYSE:HLX) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.25 and traded as high as $10.36. Helix Energy Solutions Group shares last traded at $10.0350, with a volume of 2,012,496 shares traded.

Analyst Ratings Changes

HLX has been the subject of several research analyst reports. TD Cowen raised their price target on 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. Weiss Ratings cut Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.50.

Helix Energy Solutions Group Stock Performance

The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average of $9.73 and a 200-day moving average of $8.25. The stock has a market cap of $1.48 billion, a PE ratio of 100.35 and a beta of 1.16.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). Helix Energy Solutions Group had a return on equity of 1.82% and a net margin of 1.10%.The firm had revenue of $287.95 million for the quarter, compared to analyst estimates of $260.89 million. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.33 EPS for the current year.

Institutional Investors Weigh In On Helix Energy Solutions Group

Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its position in shares of 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 acquiring an additional 3,620,563 shares during the period. Principal Financial Group Inc. raised its position in shares of Helix Energy Solutions Group by 109.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,804,147 shares of the oil and gas company’s stock worth $31,515,000 after purchasing an additional 2,514,402 shares during the last quarter. Invesco Ltd. raised its position in shares of Helix Energy Solutions Group by 219.2% during the 2nd quarter. Invesco Ltd. now owns 3,198,950 shares of the oil and gas company’s stock worth $19,961,000 after purchasing an additional 2,196,916 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in shares of Helix Energy Solutions Group during the 2nd quarter worth approximately $10,296,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Helix Energy Solutions Group in the 3rd quarter valued at $6,855,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

About Helix Energy Solutions Group

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.