Helix Energy Solutions Group (NYSE:HLX) Upgraded to Hold at Wall Street Zen

Key Points

• Helix Energy Solutions Group has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, following similar positive sentiments from other brokerages.
• TD Cowen raised its price target for the stock from $11.00 to $12.00, while Raymond James Financial reduced its price target from $10.00 to $9.00, reflecting varying expectations among analysts.
• The company's stock recently opened at $7.00, with a 12-month high of $11.48 and a market capitalization of $1.03 billion.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other brokerages have also commented on HLX. Cowen restated a "buy" rating on shares of Helix Energy Solutions Group in a research note on Friday. TD Cowen raised their price target on Helix Energy Solutions Group from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Friday. Raymond James Financial restated an "outperform" rating and set a $9.00 price target (down previously from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. Weiss Ratings restated a "sell (d+)" rating on shares of Helix Energy Solutions Group in a research note on Tuesday, October 14th. Finally, Zacks Research lowered Helix Energy Solutions Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $10.50.

Helix Energy Solutions Group Trading Up 0.6%

Helix Energy Solutions Group stock opened at $7.00 on Friday. The firm has a 50 day moving average of $6.43 and a 200 day moving average of $6.43. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 24.98 and a beta of 1.53. Helix Energy Solutions Group has a 12-month low of $5.52 and a 12-month high of $11.48. The company has a current ratio of 2.54, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.15. The company had revenue of $376.96 million during the quarter, compared to the consensus estimate of $361.93 million. Helix Energy Solutions Group had a return on equity of 2.75% and a net margin of 3.25%.Helix Energy Solutions Group's quarterly revenue was up 10.1% on a year-over-year basis. As a group, research analysts predict that Helix Energy Solutions Group will post 0.26 earnings per share for the current year.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in Helix Energy Solutions Group by 180.5% during the third quarter. SG Americas Securities LLC now owns 44,597 shares of the oil and gas company's stock valued at $293,000 after purchasing an additional 28,699 shares in the last quarter. Diversified Trust Co boosted its position in Helix Energy Solutions Group by 5.4% during the third quarter. Diversified Trust Co now owns 59,463 shares of the oil and gas company's stock valued at $390,000 after purchasing an additional 3,064 shares in the last quarter. Worth Asset Management LLC bought a new stake in Helix Energy Solutions Group during the third quarter valued at about $94,000. Farther Finance Advisors LLC boosted its position in Helix Energy Solutions Group by 2,294.7% during the third quarter. Farther Finance Advisors LLC now owns 73,996 shares of the oil and gas company's stock valued at $485,000 after purchasing an additional 70,906 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in Helix Energy Solutions Group in the third quarter worth about $1,010,000. Institutional investors 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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