Entropy Technologies LP Invests $157,000 in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Entropy Technologies LP bought a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,136 shares of the oil and gas company’s stock, valued at approximately $157,000.

Several other large investors have also recently added to or reduced their stakes in HLX. Pacer Advisors Inc. acquired a new position in shares of Helix Energy Solutions Group during the 2nd quarter valued at about $81,862,000. Assenagon Asset Management S.A. increased its position in Helix Energy Solutions Group by 74.1% during the second quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after purchasing an additional 985,101 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Helix Energy Solutions Group during the second quarter worth approximately $11,451,000. Principal Financial Group Inc. boosted its holdings in shares of Helix Energy Solutions Group by 87.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,489,359 shares of the oil and gas company’s stock valued at $17,783,000 after purchasing an additional 696,395 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Helix Energy Solutions Group by 24.9% during the 2nd quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock valued at $40,756,000 after buying an additional 680,635 shares during the period. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Trading Down 3.5 %

NYSE:HLX opened at $9.95 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. Helix Energy Solutions Group, Inc. has a 12 month low of $8.82 and a 12 month high of $13.05. The firm has a market capitalization of $1.51 billion, a PE ratio of 248.81 and a beta of 2.43. The business’s 50-day moving average is $10.10 and its two-hundred day moving average is $10.84.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The firm had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. During the same quarter in the prior year, the business earned $0.19 EPS. Research analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the sale, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, valued at approximately $85,488,571.20. The trade was a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HLX. StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. TD Cowen reduced their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Raymond James began coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 target price for the company. Finally, BTIG Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th.

Helix Energy Solutions Group Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.