Helix Energy Solutions Group (NYSE:HLX) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Helix shares crossed above its 200‑day moving average (200‑day MA $7.93), trading as high as $10.50 and last at $10.2450 on volume of about 1.88 million shares, signaling a technical breakout and short‑term momentum.
• Analyst sentiment is mixed: the consensus rating is Hold with a $11.50 target, while TD Cowen raised its price target to $14 with a Buy rating and Weiss Ratings downgraded the stock to Sell.
• Q1 results showed EPS of -$0.09 (in line with estimates) and revenue of $287.95M (beat consensus and +3.6% YoY); the company has a $1.51B market cap, P/E ~102, and roughly 91% institutional ownership.

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.93 and traded as high as $10.50. Helix Energy Solutions Group shares last traded at $10.2450, with a volume of 1,875,240 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HLX. Weiss Ratings lowered shares of Helix Energy Solutions Group from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, April 27th. TD Cowen lifted their price objective on shares of Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Helix Energy Solutions Group presently has a consensus rating of "Hold" and a consensus target price of $11.50.

Helix Energy Solutions Group Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.92 and a quick ratio of 2.92. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 102.45 and a beta of 1.16. The business's 50-day moving average price is $9.52 and its two-hundred day moving average price is $7.93.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.09). Helix Energy Solutions Group had a net margin of 1.10% and a return on equity of 1.82%. The business had revenue of $287.95 million during the quarter, compared to the consensus estimate of $260.89 million. The company's revenue was up 3.6% compared to the same quarter last year. On average, research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.33 EPS for the current fiscal year.

Institutional Trading of Helix Energy Solutions Group

A number of hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in Helix Energy Solutions Group by 109.8% in the third quarter. Principal Financial Group Inc. now owns 4,804,147 shares of the oil and gas company's stock worth $31,515,000 after purchasing an additional 2,514,402 shares during the period. Acuitas Investments LLC boosted its holdings in Helix Energy Solutions Group by 63.8% in the third quarter. Acuitas Investments LLC now owns 681,610 shares of the oil and gas company's stock worth $4,471,000 after purchasing an additional 265,604 shares during the period. Tudor Investment Corp ET AL acquired a new position in Helix Energy Solutions Group in the third quarter worth $799,000. American Century Companies Inc. boosted its holdings in Helix Energy Solutions Group by 4.5% in the third quarter. American Century Companies Inc. now owns 5,399,153 shares of the oil and gas company's stock worth $35,418,000 after purchasing an additional 230,668 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in Helix Energy Solutions Group by 45.3% in the third quarter. First Eagle Investment Management LLC now owns 529,358 shares of the oil and gas company's stock worth $3,473,000 after purchasing an additional 165,100 shares during the period. Institutional investors and hedge funds own 91.33% of the company's stock.

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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