Valueworks LLC Takes $4.18 Million Position in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Valueworks LLC bought 478,465 Helix Energy Solutions Group shares worth approximately $4.18 million during the second quarter, giving it a 0.32% stake. Institutional investors collectively own 91.33% of HLX.
• Helix reported quarterly EPS of $0.10, beating estimates by $0.02, while revenue of $304.02 million fell short of the $314.56 million consensus forecast. Analysts project full-year EPS of $0.28.
• HLX is rated “Hold” on average by analysts, with one Buy and two Hold ratings and a consensus price target of $14.00; the stock recently traded at $10.12.

Valueworks LLC purchased a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 478,465 shares of the oil and gas company's stock, valued at approximately $4,182,000. Valueworks LLC owned approximately 0.32% of Helix Energy Solutions Group at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Quarry LP purchased a new position in Helix Energy Solutions Group in the 4th quarter valued at approximately $27,000. Royal Bank of Canada lifted its position in shares of Helix Energy Solutions Group by 175.9% during the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company's stock worth $44,000 after acquiring an additional 4,458 shares in the last quarter. State of Wyoming lifted its position in shares of Helix Energy Solutions Group by 357.7% during the first quarter. State of Wyoming now owns 10,449 shares of the oil and gas company's stock worth $103,000 after acquiring an additional 8,166 shares in the last quarter. Strs Ohio bought a new position in shares of Helix Energy Solutions Group in the first quarter worth $89,000. Finally, OneDigital Investment Advisors LLC bought a new position in shares of Helix Energy Solutions Group in the second quarter worth $97,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Stock Performance

NYSE HLX opened at $10.12 on Friday. The company's 50 day simple moving average is $9.47 and its two-hundred day simple moving average is $9.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47. Helix Energy Solutions Group, Inc. has a 1 year low of $6.03 and a 1 year high of $10.75. The stock has a market capitalization of $1.49 billion, a PE ratio of 37.48 and a beta of 1.14.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The oil and gas company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. The firm had revenue of $304.02 million during the quarter, compared to analyst estimates of $314.56 million. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.95%. Analysts predict that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

HLX has been the topic of a number of analyst reports. Weiss Ratings upgraded Helix Energy Solutions Group from a "sell (d+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded Helix Energy Solutions Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Helix Energy Solutions Group has an average rating of "Hold" and a consensus price target of $14.00.

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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