Raymond James Financial Inc. Raises Position in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Raymond James Financial Inc. increased its stake in Helix Energy Solutions Group by 6.2%, owning approximately 691,287 shares valued at $5.75 million as of the end of the last quarter.
• Helix Energy Solutions Group reported a loss of $0.02 earnings per share for the quarter, missing analysts' estimates, and generated $302.29 million in revenue, below the projected $326.62 million.
• Analysts have mixed ratings on Helix Energy Solutions, with a consensus rating of "Moderate Buy" and a target price of $12.00 despite recent downgrades from Raymond James and Wall Street Zen.

Raymond James Financial Inc. boosted its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 6.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 691,287 shares of the oil and gas company's stock after purchasing an additional 40,052 shares during the period. Raymond James Financial Inc. owned about 0.46% of Helix Energy Solutions Group worth $5,745,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. acquired a new stake in Helix Energy Solutions Group in the fourth quarter valued at $34,000. CWM LLC grew its holdings in Helix Energy Solutions Group by 78.0% during the 1st quarter. CWM LLC now owns 10,699 shares of the oil and gas company's stock worth $89,000 after acquiring an additional 4,688 shares during the period. Cresset Asset Management LLC acquired a new stake in Helix Energy Solutions Group during the 1st quarter worth about $91,000. Quantinno Capital Management LP acquired a new stake in Helix Energy Solutions Group during the 4th quarter worth about $110,000. Finally, Caxton Associates LP acquired a new stake in Helix Energy Solutions Group during the 4th quarter worth about $132,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Helix Energy Solutions Group Stock Up 0.9%

NYSE HLX traded up $0.06 during trading hours on Tuesday, hitting $6.28. The company's stock had a trading volume of 153,732 shares, compared to its average volume of 1,755,584. Helix Energy Solutions Group, Inc. has a 52 week low of $5.52 and a 52 week high of $12.33. The company has a market capitalization of $922.34 million, a PE ratio of 19.60 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. The company's 50-day simple moving average is $6.25 and its two-hundred day simple moving average is $6.79.

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 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 business had revenue of $302.29 million during the quarter, compared to the consensus estimate of $326.62 million. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. Research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.