Helix Energy Solutions Group (NYSE:HLX) Rating Lowered to Neutral at BTIG Research

Helix Energy Solutions Group (NYSE:HLX) was downgraded by research analysts at BTIG Research from a “buy” rating to a “neutral” rating in a report released on Thursday, Marketbeat reports.

Separately, Raymond James assumed coverage on Helix Energy Solutions Group in a research note on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 target price for the company.

Helix Energy Solutions Group Stock Performance

Shares of HLX opened at $9.51 on Thursday. The stock has a market capitalization of $1.45 billion, a PE ratio of -45.29 and a beta of 2.41. The business’s fifty day moving average price is $10.44 and its 200 day moving average price is $11.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 2.08. Helix Energy Solutions Group has a 12-month low of $8.82 and a 12-month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The company had revenue of $364.80 million for the quarter, compared to the consensus estimate of $353.19 million. During the same period last year, the firm posted $0.11 EPS. Equities research analysts forecast that Helix Energy Solutions Group will post 0.29 EPS for the current year.

Insider Buying and Selling at Helix Energy Solutions Group

In other news, CEO Owen E. Kratz sold 298,419 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the completion of the transaction, the chief executive officer now owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Helix Energy Solutions Group

Several hedge funds and other institutional investors have recently made changes to their positions in HLX. Point72 Asia Singapore Pte. Ltd. bought a new stake in Helix Energy Solutions Group during the 2nd quarter valued at $45,000. GAMMA Investing LLC increased its holdings in shares of Helix Energy Solutions Group by 24.0% during the second quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock valued at $76,000 after purchasing an additional 1,236 shares during the period. CWM LLC increased its holdings in shares of Helix Energy Solutions Group by 10.4% during the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 850 shares during the period. Bleakley Financial Group LLC raised its stake in shares of Helix Energy Solutions Group by 10.2% during the first quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company’s stock valued at $163,000 after purchasing an additional 1,391 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in Helix Energy Solutions Group in the second quarter worth about $184,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Helix Energy Solutions Group Company 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.