Graham Capital Management L.P. Makes New $2.04 Million Investment in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Graham Capital Management L.P. invested $2.04 million in Helix Energy Solutions Group by acquiring 245,199 shares, marking a 0.16% ownership stake.
• The stock has seen a high of $12.33 and a low of $5.52 over the past year, with current trading around $6.60.
• Equities analysts downgraded Helix Energy Solutions to a "sell" rating, while the consensus rating remains a "Moderate Buy" with a target price of $12.00.

Graham Capital Management L.P. acquired a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 245,199 shares of the oil and gas company's stock, valued at approximately $2,038,000. Graham Capital Management L.P. owned 0.16% of Helix Energy Solutions Group at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in Helix Energy Solutions Group by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 43,163 shares of the oil and gas company's stock worth $359,000 after buying an additional 15,135 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Helix Energy Solutions Group in the 1st quarter valued at about $425,000. SG Americas Securities LLC raised its stake in shares of Helix Energy Solutions Group by 8.2% in the 1st quarter. SG Americas Securities LLC now owns 69,460 shares of the oil and gas company's stock valued at $577,000 after purchasing an additional 5,251 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Helix Energy Solutions Group by 6.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,338,193 shares of the oil and gas company's stock valued at $19,430,000 after purchasing an additional 148,834 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Helix Energy Solutions Group by 13.7% in 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 period. Institutional investors and hedge funds own 91.33% of the company's stock.

Wall Street Analysts Forecast Growth

HLX has been the topic of several recent research reports. Raymond James Financial reissued an "outperform" rating and issued a $9.00 price target (down previously from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. Wall Street Zen downgraded Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $12.00.

Helix Energy Solutions Group Stock Performance

NYSE HLX traded down $0.26 during trading on Friday, reaching $6.35. 1,335,637 shares of the company's stock were exchanged, compared to its average volume of 1,203,289. The business has a 50 day moving average price of $6.25 and a 200-day moving average price of $6.81. The stock has a market capitalization of $932.65 million, a P/E ratio of 19.83 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 fifty-two week low of $5.52 and a fifty-two week high of $12.33.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). The business had revenue of $302.29 million for the quarter, compared to analyst estimates 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. Sell-side analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

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.