Encompass Capital Advisors LLC Boosts Position in 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 position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 24.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,099,383 shares of the oil and gas company's stock after buying an additional 996,088 shares during the quarter. Helix Energy Solutions Group comprises approximately 1.6% of Encompass Capital Advisors LLC's holdings, making the stock its 26th largest position. Encompass Capital Advisors LLC owned approximately 3.37% of Helix Energy Solutions Group worth $42,376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Helix Energy Solutions Group by 16.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 73,003 shares of the oil and gas company's stock worth $681,000 after acquiring an additional 10,563 shares during the period. Northern Trust Corp raised its stake in Helix Energy Solutions Group by 24.4% in the fourth quarter. Northern Trust Corp now owns 1,811,814 shares of the oil and gas company's stock valued at $16,886,000 after buying an additional 355,852 shares during the period. Balyasny Asset Management L.P. grew its position in shares of Helix Energy Solutions Group by 356.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company's stock valued at $23,017,000 after purchasing an additional 1,928,691 shares during the last quarter. Caxton Associates LP acquired a new stake in Helix Energy Solutions Group during the fourth quarter worth approximately $132,000. Finally, Bridgeway Capital Management LLC grew its position in Helix Energy Solutions Group by 738.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 998,485 shares of the oil and gas company's stock worth $9,306,000 after buying an additional 879,437 shares in the last quarter. 91.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HLX has been the subject of several analyst reports. Wall Street Zen lowered Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Raymond James Financial reaffirmed an "outperform" rating and set a $9.00 price objective (down 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $12.00.

Helix Energy Solutions Group Price Performance

Shares of Helix Energy Solutions Group stock traded down $0.03 during trading hours on Tuesday, reaching $6.20. The company's stock had a trading volume of 357,617 shares, compared to its average volume of 1,756,719. The stock has a market cap of $910.58 million, a P/E ratio of 19.36 and a beta of 1.65. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.19 and a quick ratio of 2.19. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year high of $12.33. The firm has a 50 day moving average price of $6.25 and a 200-day moving average price of $6.79.

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) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). The business had revenue of $302.29 million during the quarter, compared to the consensus estimate of $326.62 million. Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.23%. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. On average, analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

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.