Helix Energy Solutions Group (NYSE:HLX) Shares Up 7.3% - Still a Buy?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s share price traded up 7.3% during mid-day trading on Tuesday . The stock traded as high as $6.67 and last traded at $6.71. 1,433,065 shares changed hands during trading, a decline of 19% from the average session volume of 1,766,568 shares. The stock had previously closed at $6.25.

Analysts Set New Price Targets

Separately, Raymond James Financial lowered shares of Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and cut their price objective for the stock from $14.00 to $10.00 in a report on Friday, April 25th.

Helix Energy Solutions Group Stock Performance

The stock's 50-day moving average price is $6.59 and its 200-day moving average price is $7.53. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $993.28 million, a P/E ratio of 11.92 and a beta of 1.57.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.07. Helix Energy Solutions Group had a net margin of 6.34% and a return on equity of 5.54%. The company had revenue of $278.06 million for the quarter, compared to the consensus estimate of $285.06 million. As a group, equities analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Sunbelt Securities Inc. bought a new stake in Helix Energy Solutions Group in the 4th quarter valued at about $34,000. Quarry LP lifted its position in Helix Energy Solutions Group by 79.8% in the 4th quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock valued at $45,000 after purchasing an additional 2,120 shares during the last quarter. AlphaQuest LLC lifted its position in Helix Energy Solutions Group by 594,600.0% in the 1st 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 during the last quarter. Smartleaf Asset Management LLC lifted its position in Helix Energy Solutions Group by 43.1% in 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 purchasing an additional 2,123 shares during the last quarter. Finally, CWM LLC lifted its position in Helix Energy Solutions Group by 78.0% in the 1st quarter. CWM LLC now owns 10,699 shares of the oil and gas company's stock valued at $89,000 after purchasing an additional 4,688 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors.

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.