Piper Jaffray Companies set a $7.00 target price on Helix Energy Solutions Group (NYSE:HLX) in a report published on Monday, December 25th. The brokerage currently has a hold rating on the oil and gas company’s stock.
Other equities analysts have also recently issued reports about the company. Cowen reissued a buy rating and set a $9.00 price target on shares of Helix Energy Solutions Group in a report on Friday, September 1st. Bank of America assumed coverage on Helix Energy Solutions Group in a research note on Tuesday, September 5th. They issued a neutral rating and a $7.00 price objective for the company. Capital One Financial restated an overweight rating on shares of Helix Energy Solutions Group in a research note on Tuesday, October 10th. Finally, Zacks Investment Research lowered Helix Energy Solutions Group from a hold rating to a sell rating in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Helix Energy Solutions Group has a consensus rating of Hold and an average target price of $8.40.
Helix Energy Solutions Group (NYSE:HLX) opened at $8.68 on Monday. The firm has a market capitalization of $1,280.00, a price-to-earnings ratio of -14.47 and a beta of 2.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 2.02. Helix Energy Solutions Group has a twelve month low of $4.82 and a twelve month high of $8.89.
Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $168.97 million. Helix Energy Solutions Group had a negative return on equity of 1.80% and a negative net margin of 13.72%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 EPS. sell-side analysts predict that Helix Energy Solutions Group will post -0.14 earnings per share for the current fiscal year.
In other Helix Energy Solutions Group news, EVP Anthony Tripodo sold 6,466 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $6.92, for a total value of $44,744.72. Following the completion of the sale, the executive vice president now owns 318,937 shares in the company, valued at approximately $2,207,044.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nancy K. Quinn sold 11,268 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $7.44, for a total value of $83,833.92. Following the completion of the sale, the director now owns 104,107 shares of the company’s stock, valued at approximately $774,556.08. The disclosure for this sale can be found here. Insiders sold a total of 27,734 shares of company stock valued at $196,079 over the last 90 days. 5.70% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. Amalgamated Bank increased its stake in Helix Energy Solutions Group by 3.8% in the 2nd quarter. Amalgamated Bank now owns 18,427 shares of the oil and gas company’s stock worth $104,000 after buying an additional 683 shares in the last quarter. Jane Street Group LLC purchased a new stake in Helix Energy Solutions Group in the 3rd quarter worth $118,000. Green Square Capital LLC increased its stake in Helix Energy Solutions Group by 1.7% in the 2nd quarter. Green Square Capital LLC now owns 21,392 shares of the oil and gas company’s stock worth $121,000 after buying an additional 359 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Helix Energy Solutions Group in the 2nd quarter worth $151,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in Helix Energy Solutions Group in the 2nd quarter worth $169,000. Institutional investors and hedge funds own 85.92% of the company’s stock.
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.
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