Helix Energy Solutions Group (NYSE:HLX) Shares Gap Up to $9.84

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares gapped up prior to trading on Thursday . The stock had previously closed at $9.84, but opened at $10.55. Helix Energy Solutions Group shares last traded at $10.40, with a volume of 355,381 shares.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HLX. TD Cowen lifted their price target on 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. Raymond James started coverage on shares of Helix Energy Solutions Group in a report on Thursday. They set a “strong-buy” rating and a $14.00 target price on the stock.

Helix Energy Solutions Group Stock Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market capitalization of $1.58 billion, a P/E ratio of -49.21 and a beta of 2.42. The business has a 50-day moving average price of $10.90 and a 200 day moving average price of $10.98.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. The firm had revenue of $364.80 million during the quarter, compared to the consensus estimate 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 period last year, the company earned $0.11 earnings per share.

Hedge Funds Weigh In On Helix Energy Solutions Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its stake in shares of Helix Energy Solutions Group by 10.4% in 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 during the last quarter. Arizona State Retirement System grew its stake in shares of Helix Energy Solutions Group by 3.0% during the 2nd quarter. Arizona State Retirement System now owns 40,535 shares of the oil and gas company’s stock valued at $484,000 after purchasing an additional 1,187 shares during the period. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 1,236 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Helix Energy Solutions Group by 10.2% in the first quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company’s stock worth $163,000 after buying an additional 1,391 shares during the last quarter. Finally, Meeder Advisory Services Inc. grew its position in Helix Energy Solutions Group by 9.5% during the second quarter. Meeder Advisory Services Inc. now owns 16,618 shares of the oil and gas company’s stock valued at $198,000 after buying an additional 1,445 shares during the period. 91.33% of the stock is owned by institutional investors.

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.