Connor Clark & Lunn Investment Management Ltd. bought a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 342,515 shares of the oil and gas company's stock, valued at approximately $2,994,000. Connor Clark & Lunn Investment Management Ltd. owned 0.23% of Helix Energy Solutions Group as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in HLX. Arrowstreet Capital Limited Partnership lifted its stake in Helix Energy Solutions Group by 71.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 577,979 shares of the oil and gas company's stock worth $5,716,000 after acquiring an additional 240,414 shares in the last quarter. Nierenberg Investment Management Company LLC purchased a new position in Helix Energy Solutions Group during the 2nd quarter valued at about $1,087,693. Dimensional Fund Advisors LP increased its holdings in shares of Helix Energy Solutions Group by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,959,806 shares of the oil and gas company's stock valued at $88,611,000 after purchasing an additional 249,887 shares during the period. Bastion Asset Management Inc. acquired a new position in shares of Helix Energy Solutions Group in the 1st quarter valued at about $8,581,000. Finally, Simcoe Capital LLC purchased a new stake in shares of Helix Energy Solutions Group in the fourth quarter worth approximately $3,816,000. 91.33% of the stock is currently owned by institutional investors.
Helix Energy Solutions Group Stock Performance
Shares of NYSE HLX opened at $10.14 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47. Helix Energy Solutions Group, Inc. has a one year low of $6.03 and a one year high of $10.75. The business's 50-day moving average price is $9.50 and its two-hundred day moving average price is $9.50. The company has a market capitalization of $1.49 billion, a P/E ratio of 37.56 and a beta of 1.14.
Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The company had revenue of $304.02 million during the quarter, compared to the consensus estimate of $314.56 million. Helix Energy Solutions Group had a return on equity of 2.95% and a net margin of 3.04%. Analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently commented on HLX shares. Weiss Ratings upgraded shares of Helix Energy Solutions Group from a "sell (d+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Wall Street Zen lowered shares of Helix Energy Solutions Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Helix Energy Solutions Group has an average rating of "Hold" and a consensus target price of $14.00.
Get Our Latest Report on Helix Energy Solutions Group
Helix Energy Solutions Group Profile
(
Free Report)
Helix Energy Solutions Group, Inc NYSE: HLX is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.
Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.
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