Helix Energy Solutions Group (NYSE:HLX) Earns Sell (D+) Rating from Weiss Ratings

Key Points

• Helix Energy Solutions Group received a "sell (D+)" rating from Weiss Ratings, indicating a negative outlook on the stock's performance.
• Despite a recent reiteration of an "outperform" rating with a lowered price target of $9.00 from Raymond James, the average analyst rating remains at "Hold" with an average target price of $12.00.
• The company reported a quarterly loss of ($0.02) per share, missing expectations and generating revenue of $302.29 million, below the forecasted $326.62 million.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

Other equities analysts have also recently issued reports about the company. Raymond James Financial reissued an "outperform" rating and set a $9.00 price target (down from $10.00) on shares of Helix Energy Solutions Group in a report on Friday, July 25th. Wall Street Zen cut Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Zacks Research upgraded Helix Energy Solutions Group from a "strong sell" rating to a "hold" rating in a research note on Monday, September 22nd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $12.00.

Helix Energy Solutions Group Stock Performance

Shares of NYSE HLX traded down $0.03 during midday trading on Tuesday, hitting $6.30. 352,307 shares of the stock traded hands, compared to its average volume of 1,700,947. The firm has a 50-day moving average of $6.31 and a two-hundred day moving average of $6.48. The firm has a market capitalization of $925.30 million, a P/E ratio of 19.70 and a beta of 1.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.19. Helix Energy Solutions Group has a one year low of $5.52 and a one year high of $11.48.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly 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 firm had revenue of $302.29 million for the quarter, compared to the consensus estimate of $326.62 million. Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.23%. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Helix Energy Solutions Group will post 0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Helix Energy Solutions Group

Institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. grew its position in shares of Helix Energy Solutions Group by 243.4% during the second quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 3,576 shares in the last quarter. AlphaQuest LLC grew its position in shares of Helix Energy Solutions Group by 594,600.0% during the first quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company's stock valued at $49,000 after purchasing an additional 5,946 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Helix Energy Solutions Group by 43.1% during the first quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company's stock valued at $59,000 after purchasing an additional 2,123 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Helix Energy Solutions Group during the second quarter valued at about $80,000. Finally, Inceptionr LLC purchased a new position in shares of Helix Energy Solutions Group during the second quarter valued at about $84,000. Hedge funds and other institutional investors own 91.33% of the company's stock.

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.

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