Helix Energy Solutions Group (NYSE:HLX) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Helix Energy Solutions Group (NYSE:HLX) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

Other equities analysts also recently issued reports about the stock. TD Cowen reduced their price objective on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Raymond James began coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price objective for the company. Finally, BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th.

Helix Energy Solutions Group Trading Down 1.1 %

Helix Energy Solutions Group stock opened at $10.82 on Tuesday. The firm has a 50-day moving average of $10.26 and a 200-day moving average of $10.82. Helix Energy Solutions Group has a one year low of $8.82 and a one year high of $13.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 270.50 and a beta of 2.43.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The company had revenue of $342.42 million during the quarter, compared to the consensus estimate of $354.74 million. During the same period in the prior year, the business posted $0.19 EPS. On average, equities analysts expect that Helix Energy Solutions Group will post 0.29 earnings per share for the current fiscal year.

Insider Activity at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the completion of the sale, the chief executive officer now directly owns 7,171,860 shares in the company, valued at $85,488,571.20. This trade represents a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Helix Energy Solutions Group

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted 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 worth $144,897,000 after acquiring an additional 152,413 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in 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. Pacer Advisors Inc. acquired a new stake in Helix Energy Solutions Group during the second quarter worth approximately $81,862,000. State Street Corp lifted its position in Helix Energy Solutions Group by 3.8% during the third quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company’s stock worth $73,973,000 after acquiring an additional 246,577 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings 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 purchasing an additional 680,635 shares during the period. 91.33% of the stock is currently owned by institutional investors and hedge funds.

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.