Analysts at Raymond James started coverage on shares of Helix Energy Solutions Group (NYSE:HLX – Get Free Report) 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.
Check Out Our Latest Report on Helix Energy Solutions Group
Helix Energy Solutions Group Price Performance
Helix Energy Solutions Group (NYSE:HLX – Get Free Report) 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.
Featured Articles
- Five stocks we like better than Helix Energy Solutions Group
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- Why General Mills Is the Perfect Hedge for S&P 500 Volatility
- Insider Trades May Not Tell You What You Think
- Viking Therapeutics Is Having a Year to Remember: Time to Buy?
- Stock Dividend Cuts Happen Are You Ready?
- Leverage Proven Stock Factors With These Top 3 Smart Beta ETFs
Receive News & Ratings for Helix Energy Solutions Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helix Energy Solutions Group and related companies with MarketBeat.com's FREE daily email newsletter.