American Century Companies Inc. Purchases 303,074 Shares of Helix Energy Solutions Group, Inc. $HLX

Key Points

• American Century Companies Inc. increased its stake in Helix Energy Solutions Group by 6.4%, owning approximately 3.32% of the company worth $41.8 million after acquiring more shares in the first quarter.
• Analysts' opinions vary, with Raymond James Financial maintaining an "outperform" rating but lowering the price target to $9.00, while Wall Street Zen downgraded the stock from "hold" to "sell."
• Helix Energy Solutions reported a loss of $0.02 EPS last quarter, missing expectations, and projected 0.26 EPS for the current fiscal year.

American Century Companies Inc. grew its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 6.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,030,111 shares of the oil and gas company's stock after acquiring an additional 303,074 shares during the quarter. American Century Companies Inc. owned 3.32% of Helix Energy Solutions Group worth $41,800,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HLX. Wells Fargo & Company MN raised its stake in shares of Helix Energy Solutions Group by 29.9% during the 4th quarter. Wells Fargo & Company MN now owns 83,982 shares of the oil and gas company's stock worth $783,000 after purchasing an additional 19,315 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Helix Energy Solutions Group during the 4th quarter worth approximately $6,070,000. Barclays PLC raised its stake in shares of Helix Energy Solutions Group by 14.6% during the 4th quarter. Barclays PLC now owns 351,233 shares of the oil and gas company's stock worth $3,274,000 after purchasing an additional 44,751 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Helix Energy Solutions Group by 72.7% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 245,219 shares of the oil and gas company's stock worth $2,282,000 after purchasing an additional 103,197 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Helix Energy Solutions Group by 2.4% during the 4th quarter. MetLife Investment Management LLC now owns 85,270 shares of the oil and gas company's stock worth $795,000 after purchasing an additional 1,995 shares in the last quarter. Institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Stock Performance

HLX stock traded down $0.03 during trading hours on Tuesday, hitting $6.33. 1,348,910 shares of the stock were exchanged, compared to its average volume of 1,595,696. 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 firm has a market capitalization of $929.71 million, a P/E ratio of 19.77 and a beta of 1.53. The company has a 50-day simple moving average of $6.28 and a two-hundred day simple moving average of $6.90. Helix Energy Solutions Group, Inc. has a 12 month low of $5.52 and a 12 month high of $12.33.

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

Analysts Set New Price Targets

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

About Helix Energy Solutions Group

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.