Helix Energy Solutions Group Inc (HLX) Given Consensus Rating of “Buy” by Brokerages

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Helix Energy Solutions Group Inc (NYSE:HLX) has been given a consensus rating of “Buy” by the eight research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $9.65.

HLX has been the subject of a number of research reports. Cowen initiated coverage on shares of Helix Energy Solutions Group in a report on Saturday, October 13th. They issued a “buy” rating and a $12.00 price objective for the company. Zacks Investment Research lowered shares of Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 26th. Finally, ValuEngine upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a report on Friday, September 28th.

In other news, COO Scott Andrew Sparks sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $9.82, for a total transaction of $98,200.00. Following the completion of the sale, the chief operating officer now owns 196,109 shares of the company’s stock, valued at approximately $1,925,790.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Owen E. Kratz sold 653,468 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $9.74, for a total transaction of $6,364,778.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 852,052 shares of company stock valued at $8,287,258. Insiders own 5.85% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Hilltop Holdings Inc. acquired a new stake in Helix Energy Solutions Group in the 2nd quarter valued at $100,000. Tower Research Capital LLC TRC grew its position in Helix Energy Solutions Group by 297.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,888 shares of the oil and gas company’s stock valued at $132,000 after purchasing an additional 11,888 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Helix Energy Solutions Group in the 2nd quarter valued at $167,000. First Quadrant L P CA acquired a new stake in Helix Energy Solutions Group in the 3rd quarter valued at $200,000. Finally, Laurion Capital Management LP acquired a new stake in Helix Energy Solutions Group in the 2nd quarter valued at $189,000. 89.34% of the stock is owned by institutional investors.

NYSE HLX traded up $0.01 during trading hours on Monday, reaching $8.19. The company’s stock had a trading volume of 2,141,534 shares, compared to its average volume of 1,811,674. The firm has a market cap of $1.26 billion, a PE ratio of -54.60 and a beta of 2.57. Helix Energy Solutions Group has a 52 week low of $5.44 and a 52 week high of $10.89. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.65 and a quick ratio of 2.65.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Monday, October 22nd. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. The business had revenue of $212.58 million during the quarter, compared to analyst estimates of $203.56 million. Helix Energy Solutions Group had a net margin of 12.48% and a return on equity of 2.59%. During the same quarter last year, the business earned $0.02 EPS. As a group, research analysts anticipate that Helix Energy Solutions Group will post 0.22 earnings per share for the current fiscal year.

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.

Read More: Compound Annual Growth Rate (CAGR)

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

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