Helix Energy Solutions Group, Inc. $HLX Shares Acquired by Empowered Funds LLC

Key Points

• Empowered Funds LLC has increased its stake in Helix Energy Solutions Group by 19.1%, now holding 641,198 shares worth approximately $5.3 million.
• Helix Energy reported a net loss of $0.02 per share in its latest quarterly earnings, missing expectations, with revenues of $302.29 million compared to the anticipated $326.62 million.
• Despite recent downgrades, Helix Energy maintains a consensus rating of "Moderate Buy" from analysts, with a target price of $12.00.

Empowered Funds LLC increased its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 19.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 641,198 shares of the oil and gas company's stock after purchasing an additional 102,713 shares during the quarter. Empowered Funds LLC owned 0.42% of Helix Energy Solutions Group worth $5,328,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in shares of Helix Energy Solutions Group during the fourth quarter worth about $34,000. AlphaQuest LLC lifted its holdings in shares of Helix Energy Solutions Group by 594,600.0% during the first quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company's stock worth $49,000 after purchasing an additional 5,946 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Helix Energy Solutions Group by 43.1% during the first quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company's stock worth $59,000 after purchasing an additional 2,123 shares during the period. CWM LLC lifted its holdings in shares of Helix Energy Solutions Group by 78.0% during the first quarter. CWM LLC now owns 10,699 shares of the oil and gas company's stock worth $89,000 after purchasing an additional 4,688 shares during the period. Finally, Cresset Asset Management LLC acquired a new stake in shares of Helix Energy Solutions Group during the first quarter worth about $91,000. Institutional investors and hedge funds own 91.33% of the company's stock.

Analysts Set New Price Targets

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

Helix Energy Solutions Group Trading Up 1.2%

NYSE HLX traded up $0.08 on Wednesday, reaching $6.45. 189,960 shares of the company were exchanged, compared to its average volume of 1,729,666. The business's fifty day moving average price is $6.22 and its 200 day moving average price is $6.71. The stock has a market capitalization of $947.35 million, a P/E ratio of 20.14 and a beta of 1.65. 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 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 released its quarterly earnings data 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 company 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. Analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Helix Energy Solutions Group Company 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.