Helix Energy Solutions Group (NYSE:HLX) Coverage Initiated at Raymond James

Raymond James began coverage on shares of Helix Energy Solutions Group (NYSE:HLX) in a report published on Thursday, Marketbeat reports. The firm issued a strong-buy rating and a $14.00 price objective on the oil and gas company’s stock.

Separately, TD Cowen raised their target price on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a buy rating in a research report on Tuesday, June 25th.

Helix Energy Solutions Group Price Performance

Shares of Helix Energy Solutions Group stock opened at $10.33 on Thursday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -49.19 and a beta of 2.42. Helix Energy Solutions Group has a twelve month low of $8.82 and a twelve month high of $13.05. The company has a 50-day simple moving average of $10.90 and a two-hundred day simple moving average of $11.00.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $364.80 million during the quarter, compared to analysts’ expectations of $353.19 million. During the same quarter in the prior year, the business posted $0.11 earnings per share.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of institutional investors have recently made changes to their positions in HLX. Vanguard Group Inc. boosted its position in Helix Energy Solutions Group by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock valued at $144,897,000 after acquiring an additional 152,413 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Helix Energy Solutions Group by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock worth $131,559,000 after purchasing an additional 254,880 shares in the last quarter. Pacer Advisors Inc. acquired a new position in Helix Energy Solutions Group in the second quarter valued at approximately $81,862,000. American Century Companies Inc. boosted its holdings 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 worth $40,756,000 after buying an additional 680,635 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Helix Energy Solutions Group by 99.9% during the 4th quarter. Wellington Management Group LLP now owns 3,107,643 shares of the oil and gas company’s stock worth $31,947,000 after buying an additional 1,552,693 shares during the period. Institutional investors own 91.33% of the company’s stock.

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.