Tudor Investment Corp ET AL Invests $799,000 in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Tudor Investment Corp ET AL opened a new position in Helix, buying 121,835 shares worth about $799,000, representing roughly 0.08% of the company.
• Helix reported quarterly EPS of $0.06, beating estimates by $0.08, and revenue of $334.2 million (above estimates) despite quarterly revenue declining 5.9% year-over-year.
• The stock has a market cap of $1.39 billion and a PE of 44.86, is about 91.33% owned by institutions, and carries a consensus "Moderate Buy" rating with a $10.50 target.

Tudor Investment Corp ET AL bought a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 121,835 shares of the oil and gas company's stock, valued at approximately $799,000. Tudor Investment Corp ET AL owned approximately 0.08% of Helix Energy Solutions Group as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Drucker Wealth 3.0 LLC acquired a new stake in shares of Helix Energy Solutions Group during the 3rd quarter worth $66,000. Ballentine Partners LLC acquired a new stake in shares of Helix Energy Solutions Group during the 3rd quarter worth $70,000. Strs Ohio acquired a new stake in shares of Helix Energy Solutions Group during the 1st quarter worth $89,000. Federated Hermes Inc. acquired a new stake in shares of Helix Energy Solutions Group during the 3rd quarter worth $74,000. Finally, AXQ Capital LP acquired a new stake in shares of Helix Energy Solutions Group during the 3rd quarter worth $77,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Stock Performance

NYSE:HLX opened at $9.42 on Wednesday. The stock's 50-day simple moving average is $9.25 and its 200 day simple moving average is $7.67. The firm has a market capitalization of $1.39 billion, a PE ratio of 44.86 and a beta of 1.15. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a twelve month low of $5.52 and a twelve month high of $10.75.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its earnings results on Monday, February 23rd. The oil and gas company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.08. The firm had revenue of $334.16 million during the quarter, compared to the consensus estimate of $304.67 million. Helix Energy Solutions Group had a return on equity of 2.88% and a net margin of 2.39%.Helix Energy Solutions Group's quarterly revenue was down 5.9% compared to the same quarter last year. On average, analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Helix Energy Solutions Group in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $10.50.

Helix Energy Solutions Group Profile

Helix Energy Solutions Group, Inc NYSE: HLX is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.

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