Helix Energy Solutions Group (NYSE:HLX) Trading Down 0.4% - What's Next?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s stock price traded down 0.4% on Wednesday . The company traded as low as $6.03 and last traded at $6.18. 570,706 shares were traded during mid-day trading, a decline of 68% from the average session volume of 1,811,660 shares. The stock had previously closed at $6.20.

Analysts Set New Price Targets

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

Helix Energy Solutions Group Price Performance

The stock's fifty day moving average price is $7.54 and its 200-day moving average price is $8.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a market cap of $909.18 million, a price-to-earnings ratio of 150.04 and a beta of 1.91.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.07. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The business had revenue of $278.06 million for the quarter, compared to analyst estimates of $285.06 million. Equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Helix Energy Solutions Group by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company's stock valued at $130,941,000 after buying an additional 343,673 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Helix Energy Solutions Group by 16.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company's stock worth $61,016,000 after acquiring an additional 923,477 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Helix Energy Solutions Group by 10.2% during the fourth quarter. American Century Companies Inc. now owns 4,727,037 shares of the oil and gas company's stock worth $44,056,000 after acquiring an additional 437,814 shares in the last quarter. Encompass Capital Advisors LLC raised its holdings in shares of Helix Energy Solutions Group by 66.2% during the fourth quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company's stock worth $38,243,000 after acquiring an additional 1,634,764 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Helix Energy Solutions Group by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock worth $30,590,000 after acquiring an additional 396,666 shares in the last quarter. Institutional investors and hedge funds 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.

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