Vanguard Group Inc. Grows Stock Holdings in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Vanguard Group Inc. increased its stake in Helix Energy Solutions Group, acquiring an additional 208,288 shares, bringing its total ownership to 14,257,726 shares, valued at approximately $118.48 million.
• Analysts have recently downgraded the stock from a "hold" to a "sell" rating, while Raymond James reaffirmed an "outperform" rating but lowered the price target from $10.00 to $9.00.
• Helix Energy Solutions reported a quarterly loss with earnings per share of ($0.02), missing the consensus estimate, and had revenue of $302.29 million against a forecast of $326.62 million.

Vanguard Group Inc. raised its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 1.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 14,257,726 shares of the oil and gas company's stock after purchasing an additional 208,288 shares during the period. Vanguard Group Inc. owned 9.41% of Helix Energy Solutions Group worth $118,482,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in Helix Energy Solutions Group by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 43,163 shares of the oil and gas company's stock valued at $359,000 after purchasing an additional 15,135 shares during the period. Cetera Investment Advisers bought a new position in shares of Helix Energy Solutions Group during the 1st quarter worth approximately $425,000. SG Americas Securities LLC raised its stake in shares of Helix Energy Solutions Group by 8.2% during the 1st quarter. SG Americas Securities LLC now owns 69,460 shares of the oil and gas company's stock worth $577,000 after acquiring an additional 5,251 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Helix Energy Solutions Group by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock worth $30,590,000 after acquiring an additional 396,666 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Helix Energy Solutions Group by 42.2% during the 1st quarter. Victory Capital Management Inc. now owns 195,115 shares of the oil and gas company's stock worth $1,621,000 after acquiring an additional 57,947 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 recently commented on the stock. Raymond James Financial reiterated 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 note on Friday, July 25th. Wall Street Zen lowered shares of Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Helix Energy Solutions Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.00.

Helix Energy Solutions Group Stock Performance

NYSE:HLX traded up $0.13 during trading hours on Wednesday, hitting $6.45. 888,130 shares of the company were exchanged, compared to its average volume of 1,521,386. The stock has a market capitalization of $947.35 million, a price-to-earnings ratio of 20.14 and a beta of 1.53. 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 debt-to-equity ratio of 0.19, a current ratio of 2.19 and a quick ratio of 2.19. The company's 50 day moving average price is $6.26 and its 200-day moving average price is $6.90.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its 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). The company had revenue of $302.29 million for the quarter, compared to analysts' expectations of $326.62 million. Helix Energy Solutions Group had a return on equity of 3.23% and a net margin of 3.92%. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

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.