Zacks: Brokerages Anticipate Helix Energy Solutions Group Inc (HLX) to Post -$0.01 Earnings Per Share

Equities analysts expect Helix Energy Solutions Group Inc (NYSE:HLX) to announce earnings of ($0.01) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Helix Energy Solutions Group’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.00. Helix Energy Solutions Group posted earnings of ($0.05) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 80%. The business is expected to issue its next quarterly earnings results before the market opens on Tuesday, February 20th.

According to Zacks, analysts expect that Helix Energy Solutions Group will report full-year earnings of ($0.14) per share for the current year, with EPS estimates ranging from ($0.16) to ($0.10). For the next fiscal year, analysts forecast that the firm will post earnings of $0.15 per share, with EPS estimates ranging from $0.05 to $0.21. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Helix Energy Solutions Group.

A number of brokerages have issued reports on HLX. Bank of America lowered shares of Helix Energy Solutions Group from a “neutral” rating to an “underperform” rating and set a $7.00 price target on the stock. in a research note on Tuesday, January 16th. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research note on Wednesday, January 24th. Cowen set a $10.00 price target on shares of Helix Energy Solutions Group and gave the company a “buy” rating in a research note on Thursday, January 11th. Piper Jaffray Companies set a $7.00 price target on shares of Helix Energy Solutions Group and gave the company a “hold” rating in a research note on Monday, December 25th. Finally, ValuEngine lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $8.54.

Helix Energy Solutions Group (NYSE:HLX) opened at $6.96 on Friday. 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 52 week low of $4.82 and a 52 week high of $8.73. The stock has a market cap of $1,030.64, a P/E ratio of -11.80 and a beta of 2.45.

Several hedge funds have recently added to or reduced their stakes in HLX. Jane Street Group LLC purchased a new stake in shares of Helix Energy Solutions Group in the 3rd quarter valued at $118,000. GSA Capital Partners LLP purchased a new stake in shares of Helix Energy Solutions Group in the 2nd quarter valued at $151,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Helix Energy Solutions Group in the 2nd quarter valued at $169,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Helix Energy Solutions Group in the 3rd quarter valued at $181,000. Finally, Meadow Creek Investment Management LLC purchased a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at $202,000. 85.93% of the stock is currently owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Helix Energy Solutions Group (NYSE:HLX)

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