Encompass Capital Advisors LLC Acquires 996,088 Shares of Helix Energy Solutions Group, Inc. $HLX

Key Points

• Encompass Capital Advisors LLC increased its stake in Helix Energy Solutions Group by 24.3%, owning a total of 5,099,383 shares after acquiring 996,088 additional shares.
• Helix Energy Solutions Group has received mixed analyst ratings, with a consensus of "Moderate Buy" and an average price target of $12.00, despite Raymond James lowering its price objective to $9.00.
• The company's latest earnings report revealed a loss of ($0.02) EPS, missing estimates and resulting in revenue of $302.29 million, below the predicted $326.62 million.

Encompass Capital Advisors LLC increased its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 24.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,099,383 shares of the oil and gas company's stock after buying an additional 996,088 shares during the period. Helix Energy Solutions Group comprises about 1.6% of Encompass Capital Advisors LLC's holdings, making the stock its 26th biggest position. Encompass Capital Advisors LLC owned about 3.37% of Helix Energy Solutions Group worth $42,376,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Bridgeway Capital Management LLC increased its holdings in Helix Energy Solutions Group by 12.8% during the first quarter. Bridgeway Capital Management LLC now owns 1,126,604 shares of the oil and gas company's stock worth $9,362,000 after buying an additional 128,119 shares during the last quarter. AQR Capital Management LLC increased its holdings in Helix Energy Solutions Group by 530.1% during the first quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company's stock worth $1,955,000 after buying an additional 197,882 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in Helix Energy Solutions Group by 75.4% during the first quarter. EP Wealth Advisors LLC now owns 52,904 shares of the oil and gas company's stock worth $440,000 after buying an additional 22,740 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in Helix Energy Solutions Group during the first quarter worth about $2,038,000. Finally, Caption Management LLC purchased a new stake in Helix Energy Solutions Group during the first quarter worth about $245,000. Hedge funds and other institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Price Performance

Shares of HLX stock traded down $0.14 during trading hours on Monday, reaching $6.22. The stock had a trading volume of 1,273,538 shares, compared to its average volume of 1,765,113. The stock's fifty day simple moving average is $6.25 and its 200 day simple moving average is $6.80. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 12 month low of $5.52 and a 12 month high of $12.33. The firm has a market capitalization of $913.54 million, a PE ratio of 19.42 and a beta of 1.65.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.23%. The company 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, equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Analyst Ratings Changes

HLX has been the subject of several recent research reports. Wall Street Zen downgraded shares of 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 issued a $9.00 target price (down previously from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.