Helix Energy Solutions Group (NYSE:HLX) Shares Gap Down to $4.22

Helix Energy Solutions Group, Inc. (NYSE:HLXGet Rating)’s share price gapped down prior to trading on Friday . The stock had previously closed at $4.22, but opened at $3.97. Helix Energy Solutions Group shares last traded at $3.74, with a volume of 45,505 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Capital One Financial upped their price objective on shares of Helix Energy Solutions Group to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. StockNews.com lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 20th. Cowen boosted their price objective on Helix Energy Solutions Group from $6.50 to $7.50 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Evercore ISI upgraded Helix Energy Solutions Group from an “in-line” rating to an “outperform” rating and raised their target price for the company from $6.00 to $8.00 in a research report on Wednesday, July 27th. Finally, Cowen boosted their price target on Helix Energy Solutions Group from $6.50 to $7.50 in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $7.25.

Helix Energy Solutions Group Stock Performance

The stock has a market cap of $568.99 million, a price-to-earnings ratio of -4.83 and a beta of 2.85. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.09 and a quick ratio of 2.09. The firm has a fifty day moving average of $3.98 and a 200 day moving average of $4.17.

Helix Energy Solutions Group (NYSE:HLXGet Rating) last posted its quarterly earnings results on Monday, July 25th. The oil and gas company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.02. Helix Energy Solutions Group had a negative return on equity of 7.24% and a negative net margin of 17.62%. During the same quarter last year, the firm posted ($0.09) EPS. As a group, sell-side analysts forecast that Helix Energy Solutions Group, Inc. will post -0.5 EPS for the current year.

Hedge Funds Weigh In On Helix Energy Solutions Group

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in Helix Energy Solutions Group by 1.4% in the first quarter. BlackRock Inc. now owns 24,420,826 shares of the oil and gas company’s stock valued at $116,732,000 after buying an additional 345,052 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Helix Energy Solutions Group by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 13,199,356 shares of the oil and gas company’s stock worth $63,094,000 after acquiring an additional 579,466 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Helix Energy Solutions Group by 6.4% during the 2nd quarter. Van ECK Associates Corp now owns 7,877,907 shares of the oil and gas company’s stock worth $24,422,000 after purchasing an additional 472,058 shares during the period. Dimensional Fund Advisors LP increased its holdings in Helix Energy Solutions Group by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,729,351 shares of the oil and gas company’s stock valued at $36,947,000 after purchasing an additional 408,843 shares during the last quarter. Finally, State Street Corp raised its position in Helix Energy Solutions Group by 12.4% in the first quarter. State Street Corp now owns 7,200,373 shares of the oil and gas company’s stock valued at $34,418,000 after purchasing an additional 794,783 shares during the period. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

About Helix Energy Solutions Group

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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.

Further Reading

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