Brokerages Set Helix Energy Solutions Group, Inc. (HLX) Target Price at $10.00

Helix Energy Solutions Group, Inc. (NYSE:HLX) has earned an average rating of “Hold” from the eleven research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $10.00.

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Monday, June 26th. Cowen and Company reaffirmed a “buy” rating and set a $9.00 price target on shares of Helix Energy Solutions Group in a report on Friday, September 1st. BidaskClub downgraded Helix Energy Solutions Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Bank of America Corporation initiated coverage on Helix Energy Solutions Group in a report on Tuesday. They set a “neutral” rating and a $7.00 price target for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $8.00 price target (down previously from $15.00) on shares of Helix Energy Solutions Group in a report on Wednesday, June 21st.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Helix Energy Solutions Group by 31,634.0% during the 1st quarter. BlackRock Inc. now owns 17,588,903 shares of the oil and gas company’s stock valued at $136,665,000 after purchasing an additional 17,533,477 shares during the last quarter. Vanguard Group Inc. increased its position in Helix Energy Solutions Group by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 13,135,138 shares of the oil and gas company’s stock worth $74,082,000 after buying an additional 487,976 shares during the period. Dimensional Fund Advisors LP increased its position in Helix Energy Solutions Group by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,407,257 shares of the oil and gas company’s stock worth $69,976,000 after buying an additional 1,065,628 shares during the period. GMT Capital Corp increased its position in Helix Energy Solutions Group by 10.5% during the 2nd quarter. GMT Capital Corp now owns 8,209,023 shares of the oil and gas company’s stock worth $42,441,000 after buying an additional 777,000 shares during the period. Finally, Victory Capital Management Inc. increased its position in Helix Energy Solutions Group by 4.5% during the 2nd quarter. Victory Capital Management Inc. now owns 6,082,041 shares of the oil and gas company’s stock worth $34,303,000 after buying an additional 259,463 shares during the period. 86.89% of the stock is owned by institutional investors and hedge funds.

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Helix Energy Solutions Group (NYSE HLX) traded down 5.01% during trading on Wednesday, hitting $6.44. 1,105,950 shares of the stock were exchanged. Helix Energy Solutions Group has a 1-year low of $4.82 and a 1-year high of $11.87. The stock’s market cap is $951.08 million. The firm’s 50 day moving average price is $6.17 and its 200-day moving average price is $6.37.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Sunday, July 23rd. The oil and gas company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.01. The company had revenue of $150.30 million during the quarter, compared to analyst estimates of $141.03 million. Helix Energy Solutions Group had a negative net margin of 12.09% and a negative return on equity of 1.21%. The company’s quarterly revenue was up 40.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.10) EPS. On average, analysts anticipate that Helix Energy Solutions Group will post ($0.14) EPS for the current year.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.

Analyst Recommendations for Helix Energy Solutions Group (NYSE:HLX)

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