Edgestream Partners L.P. Invests $184,000 in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Edgestream Partners L.P. acquired a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,436 shares of the oil and gas company’s stock, valued at approximately $184,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Helix Energy Solutions Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock worth $144,897,000 after purchasing an additional 152,413 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Helix Energy Solutions Group by 2.4% during 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 acquiring an additional 254,880 shares during the last quarter. American Century Companies Inc. raised its position in shares of Helix Energy Solutions Group by 24.9% during the second quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock worth $40,756,000 after acquiring an additional 680,635 shares during the last quarter. Wellington Management Group LLP increased its holdings in Helix Energy Solutions Group by 99.9% in the fourth quarter. Wellington Management Group LLP now owns 3,107,643 shares of the oil and gas company’s stock valued at $31,947,000 after purchasing an additional 1,552,693 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Helix Energy Solutions Group by 74.1% in the second quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock valued at $27,640,000 after purchasing an additional 985,101 shares during the last quarter. 91.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. 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. TD Cowen increased 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.

Helix Energy Solutions Group Price Performance

NYSE:HLX opened at $10.25 on Tuesday. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -48.79 and a beta of 2.42. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. Helix Energy Solutions Group, Inc. has a 12-month low of $8.82 and a 12-month high of $13.05. The stock’s 50 day moving average price is $10.85 and its two-hundred day moving average price is $11.01.

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

Helix Energy Solutions Group 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.