Helix Energy Solutions Group (NYSE:HLX) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Helix Energy Solutions Group to “Hold” from “Buy,” while the broader analyst consensus is also “Hold” with a $14.00 target price.
• Helix reported quarterly EPS of $0.10, exceeding the $0.08 consensus estimate, although revenue of $304.02 million fell short of expectations of $314.56 million.
• The stock opened at $10.44, near its 52-week high of $10.75, with a $1.54 billion market capitalization; institutional investors own 91.33% of outstanding shares.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday.

Other equities analysts have also issued reports about the company. Weiss Ratings raised Helix Energy Solutions Group from a "sell (d+)" rating to a "hold (c)" rating in a research note on Tuesday. TD Cowen lifted their price target on Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $14.00.

Helix Energy Solutions Group Stock Up 3.1%

Shares of NYSE:HLX opened at $10.44 on Friday. The stock's fifty day simple moving average is $9.32 and its 200-day simple moving average is $9.35. The company has a market capitalization of $1.54 billion, a P/E ratio of 38.65 and a beta of 1.14. Helix Energy Solutions Group has a 52-week low of $5.61 and a 52-week high of $10.75. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.95%. The business had revenue of $304.02 million during the quarter, compared to analysts' expectations of $314.56 million. As a group, equities research analysts forecast that Helix Energy Solutions Group will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of Helix Energy Solutions Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new stake in Helix Energy Solutions Group during the fourth quarter valued at approximately $27,000. Royal Bank of Canada grew its position in Helix Energy Solutions Group by 175.9% in the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company's stock worth $44,000 after buying an additional 4,458 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Helix Energy Solutions Group in the second quarter valued at $80,000. Inscription Capital LLC bought a new position in shares of Helix Energy Solutions Group in the fourth quarter valued at $83,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Helix Energy Solutions Group during the 4th quarter valued at $85,000. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Company 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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