Systematic Financial Management LP Grows Position in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Systematic Financial Management LP increased its stake in Helix Energy Solutions Group by 1.6%, owning approximately 2,951,818 shares valued at $24.5 million as per its latest SEC filing.
• Helix Energy Solutions Group reported a net margin of 3.92% for the most recent quarter, with earnings per share coming in at ($0.02), which was below analyst expectations.
• Currently, institutional investors hold 91.33% of Helix Energy Solutions Group's stock, illustrating significant confidence in the company's prospects.

Systematic Financial Management LP boosted its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 1.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,951,818 shares of the oil and gas company's stock after purchasing an additional 45,982 shares during the quarter. Systematic Financial Management LP owned about 1.95% of Helix Energy Solutions Group worth $24,530,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HLX. Sunbelt Securities Inc. bought a new position in shares of Helix Energy Solutions Group in the 4th quarter worth approximately $34,000. Quarry LP raised its stake in Helix Energy Solutions Group by 79.8% during the 4th quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock worth $45,000 after acquiring an additional 2,120 shares during the period. AlphaQuest LLC raised its stake in Helix Energy Solutions Group by 594,600.0% during the 1st quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company's stock worth $49,000 after acquiring an additional 5,946 shares during the period. Smartleaf Asset Management LLC grew its holdings in Helix Energy Solutions Group by 43.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company's stock valued at $59,000 after buying an additional 2,123 shares in the last quarter. Finally, 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 valued at $89,000 after buying an additional 4,688 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. 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. Wall Street Zen lowered Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Helix Energy Solutions Group presently has an average rating of "Moderate Buy" and a consensus target price of $12.00.

Helix Energy Solutions Group Trading Up 1.3%

Shares of NYSE:HLX traded up $0.09 during midday trading on Thursday, reaching $6.53. 303,076 shares of the company's stock were exchanged, compared to its average volume of 1,782,508. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.19 and a quick ratio of 2.19. The stock has a market cap of $959.11 million, a price-to-earnings ratio of 20.39 and a beta of 1.53. The firm's 50 day simple moving average is $6.26 and its two-hundred day simple moving average is $6.90. 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 (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 business had revenue of $302.29 million during the quarter, compared to analyst estimates of $326.62 million. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS 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.