Royce & Associates LP Invests $527,000 in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Key Points

• Royce & Associates LP has acquired a new stake in Helix Energy Solutions Group, purchasing 63,405 shares valued at approximately $527,000.
• Multiple institutional investors have significantly increased their positions in Helix Energy Solutions Group, with Balyasny Asset Management growing its stake by 356.5% in the fourth quarter.
• Helix Energy Solutions Group's stock has an opening price of $6.42, with a recent earnings report revealing a loss of ($0.02) earnings per share, missing analyst expectations.

Royce & Associates LP acquired a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 63,405 shares of the oil and gas company's stock, valued at approximately $527,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Helix Energy Solutions Group by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company's stock valued at $130,941,000 after buying an additional 343,673 shares during the last quarter. Encompass Capital Advisors LLC lifted its position in shares of Helix Energy Solutions Group by 66.2% in the fourth quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company's stock valued at $38,243,000 after acquiring an additional 1,634,764 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Helix Energy Solutions Group by 13.7% in the fourth 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. Systematic Financial Management LP increased its stake in Helix Energy Solutions Group by 17.1% during the fourth quarter. Systematic Financial Management LP now owns 2,905,836 shares of the oil and gas company's stock worth $27,082,000 after acquiring an additional 425,071 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Helix Energy Solutions Group by 356.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company's stock worth $23,017,000 after purchasing an additional 1,928,691 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Helix Energy Solutions Group Trading Down 0.7%

NYSE HLX traded down $0.04 during trading hours on Friday, reaching $5.89. The company's stock had a trading volume of 2,299,815 shares, compared to its average volume of 1,842,419. 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 52 week low of $5.52 and a 52 week high of $12.33. The firm has a fifty day simple moving average of $6.53 and a 200-day simple moving average of $7.23. The stock has a market cap of $865.77 million, a P/E ratio of 18.41 and a beta of 1.57.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $302.29 million for the quarter, compared to the consensus estimate of $326.62 million. Equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HLX has been the topic of a number of recent research reports. Raymond James Financial reiterated an "outperform" rating and issued a $9.00 target price (down from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. Wall Street Zen downgraded shares of Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a report on Saturday, July 26th.

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.