Helix Energy Solutions Group, Inc. $HLX Shares Acquired by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in Helix Energy Solutions Group by 140%, acquiring 159,280 additional shares to own a total of 273,070 shares, valued at approximately $2.27 million.
• The stock price of Helix Energy Solutions Group has seen a recent 5.2% increase, with a current market capitalization of $881.06 million and analyst price targets ranging from $9.00 to $12.00.
• Despite the recent stock appreciation, Helix Energy posted a loss of $0.02 EPS in its last quarterly earnings, missing expectations, and is projected to have 0.26 EPS for the current fiscal year.

Algert Global LLC grew its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 140.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 273,070 shares of the oil and gas company's stock after acquiring an additional 159,280 shares during the quarter. Algert Global LLC owned 0.18% of Helix Energy Solutions Group worth $2,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Helix Energy Solutions Group by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 14,257,726 shares of the oil and gas company's stock worth $118,482,000 after acquiring an additional 208,288 shares during the last quarter. American Century Companies Inc. increased its position in shares of Helix Energy Solutions Group by 6.4% during the 1st quarter. American Century Companies Inc. now owns 5,030,111 shares of the oil and gas company's stock valued at $41,800,000 after purchasing an additional 303,074 shares during the last quarter. Encompass Capital Advisors LLC increased its position in shares of Helix Energy Solutions Group by 66.2% during the 4th quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company's stock valued at $38,243,000 after purchasing an additional 1,634,764 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Helix Energy Solutions Group by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock valued at $30,590,000 after purchasing an additional 396,666 shares during the last quarter. Finally, Systematic Financial Management LP boosted its holdings in Helix Energy Solutions Group by 17.1% during the 4th quarter. Systematic Financial Management LP now owns 2,905,836 shares of the oil and gas company's stock valued at $27,082,000 after acquiring an additional 425,071 shares during the period. Institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Stock Up 2.0%

Shares of HLX traded up $0.13 during midday trading on Wednesday, reaching $6.45. 888,130 shares of the stock were exchanged, compared to its average volume of 1,521,386. Helix Energy Solutions Group, Inc. has a 52 week low of $5.52 and a 52 week high of $12.33. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The company's 50 day moving average is $6.26 and its two-hundred day moving average is $6.90. The company has a market capitalization of $947.35 million, a P/E ratio of 20.14 and a beta of 1.53.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). Helix Energy Solutions Group had a return on equity of 3.23% and a net margin of 3.92%.The firm had revenue of $302.29 million for the quarter, compared to the consensus estimate of $326.62 million. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on HLX. Wall Street Zen cut Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Raymond James Financial restated an "outperform" rating and set a $9.00 price objective (down previously from $10.00) on shares of Helix Energy Solutions Group in a report on Friday, July 25th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.00.

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.