Brokerages Set Helix Energy Solutions Group Inc (HLX) Price Target at $9.00

Helix Energy Solutions Group Inc (NYSE:HLX) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $9.00.

HLX has been the topic of several recent research reports. Piper Jaffray Companies raised shares of Helix Energy Solutions Group from a “neutral” rating to an “overweight” rating and set a $9.00 price target on the stock in a report on Wednesday, April 25th. Raymond James raised shares of Helix Energy Solutions Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 26th. ValuEngine raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 24th. Finally, TheStreet raised shares of Helix Energy Solutions Group from a “d+” rating to a “c-” rating in a research note on Wednesday, May 9th.

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Several institutional investors and hedge funds have recently made changes to their positions in HLX. Legal & General Group Plc lifted its stake in shares of Helix Energy Solutions Group by 725.5% during the first quarter. Legal & General Group Plc now owns 2,370,722 shares of the oil and gas company’s stock valued at $13,720,000 after buying an additional 2,083,536 shares during the period. Luminus Management LLC lifted its stake in shares of Helix Energy Solutions Group by 100.1% during the fourth quarter. Luminus Management LLC now owns 2,442,252 shares of the oil and gas company’s stock valued at $18,415,000 after buying an additional 1,221,834 shares during the period. Vident Investment Advisory LLC increased its position in Helix Energy Solutions Group by 41.2% during the fourth quarter. Vident Investment Advisory LLC now owns 2,865,997 shares of the oil and gas company’s stock worth $21,610,000 after purchasing an additional 835,893 shares during the last quarter. Proxima Capital Management LLC acquired a new position in Helix Energy Solutions Group during the fourth quarter worth approximately $2,993,000. Finally, Victory Capital Management Inc. increased its position in Helix Energy Solutions Group by 3.2% during the first quarter. Victory Capital Management Inc. now owns 6,696,131 shares of the oil and gas company’s stock worth $38,771,000 after purchasing an additional 209,900 shares during the last quarter. 88.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of Helix Energy Solutions Group traded up $0.06, hitting $8.03, on Tuesday, according to MarketBeat Ratings. The company’s stock had a trading volume of 7,226 shares, compared to its average volume of 1,646,527. Helix Energy Solutions Group has a 12-month low of $5.07 and a 12-month high of $8.87. The company has a market capitalization of $1.19 billion, a PE ratio of -53.13 and a beta of 2.46. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.42 and a quick ratio of 2.42.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Monday, April 23rd. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.04. Helix Energy Solutions Group had a net margin of 6.85% and a negative return on equity of 0.50%. The company had revenue of $164.26 million for the quarter, compared to the consensus estimate of $144.12 million. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. The company’s revenue for the quarter was up 57.1% compared to the same quarter last year. analysts forecast that Helix Energy Solutions Group will post 0.15 EPS for the current fiscal year.

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.

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

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