Helix Energy Solutions Group, Inc. (NYSE:HLX) Given Consensus Rating of "Hold" by Analysts

Key Points

• Helix Energy Solutions Group, Inc. has received a consensus rating of “Hold” from five analysts, with one analyst recommending a sell, two recommending a hold, and two suggesting a buy.
• The company's average price target is $12.00, despite a recent quarterly earnings report showing a loss of ($0.02) per share, which was below analysts' expectations.
• Institutional investors hold a significant share of the company, owning 91.33% of Helix Energy Solutions Group's stock.

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) have been assigned a consensus rating of "Hold" from the five analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $12.00.

A number of research analysts recently issued reports on HLX shares. Raymond James Financial restated 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 report 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. Zacks Research upgraded Helix Energy Solutions Group from a "strong sell" rating to a "hold" rating in a research report on Monday, September 22nd. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Helix Energy Solutions Group in a research report on Saturday, September 27th.

Helix Energy Solutions Group Stock Performance

Shares of HLX traded up $0.25 during mid-day trading on Friday, hitting $6.68. The stock had a trading volume of 1,308,475 shares, compared to its average volume of 1,366,620. The company has a market cap of $981.16 million, a PE ratio of 20.86 and a beta of 1.53. The company's fifty day simple moving average is $6.26 and its two-hundred day simple moving average is $6.60. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group has a fifty-two week low of $5.52 and a fifty-two week high of $11.48.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings data 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 company had revenue of $302.29 million for the quarter, compared to analyst estimates of $326.62 million. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. On average, equities analysts expect that Helix Energy Solutions Group will post 0.26 earnings per share for the current year.

Institutional Trading of Helix Energy Solutions Group

Several hedge funds have recently added to or reduced their stakes in HLX. Bessemer Group Inc. raised its stake in Helix Energy Solutions Group by 243.4% during the 2nd quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company's stock valued at $31,000 after acquiring an additional 3,576 shares in the last quarter. 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 valued at $49,000 after acquiring an additional 5,946 shares in the last quarter. Smartleaf Asset Management LLC raised its stake 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 acquiring an additional 2,123 shares in the last quarter. XTX Topco Ltd bought a new stake in Helix Energy Solutions Group during the 2nd quarter valued at $80,000. Finally, Inceptionr LLC bought a new stake in Helix Energy Solutions Group during the 2nd quarter valued at $84,000. Institutional investors own 91.33% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.