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

Analysts at Raymond James started coverage on shares of Helix Energy Solutions Group (NYSE:HLX) in a note issued to investors on Thursday, Briefing.com reports. The brokerage set a “strong-buy” rating and a $14.00 price target on the oil and gas company’s stock. Raymond James’ target price points to a potential upside of 42.20% from the company’s current price.

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

Helix Energy Solutions Group Price Performance

HLX opened at $9.85 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 company’s 50-day moving average price is $10.97 and its 200 day moving average price is $10.98. Helix Energy Solutions Group has a fifty-two week low of $8.82 and a fifty-two week high of $13.05. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -46.88 and a beta of 2.42.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $364.80 million during the quarter, compared to analyst estimates of $353.19 million. Helix Energy Solutions Group had a positive return on equity of 4.35% and a negative net margin of 0.49%. During the same quarter in the previous year, the firm posted $0.11 EPS.

Institutional Trading of Helix Energy Solutions Group

Several large investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Helix Energy Solutions Group in the second quarter worth $45,000. Pineridge Advisors LLC acquired a new stake in Helix Energy Solutions Group in the fourth quarter worth about $54,000. Lindbrook Capital LLC grew its position in Helix Energy Solutions Group by 1,037.6% in the 1st quarter. Lindbrook Capital LLC now owns 5,563 shares of the oil and gas company’s stock valued at $60,000 after buying an additional 5,074 shares in the last quarter. GAMMA Investing LLC increased its stake in Helix Energy Solutions Group by 24.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock valued at $76,000 after buying an additional 1,236 shares during the period. Finally, CWM LLC raised its position in shares of Helix Energy Solutions Group by 10.4% during the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock worth $108,000 after buying an additional 850 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

About Helix Energy Solutions Group

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.