Helix Energy Solutions Group, Inc. (NYSE:HLX) Stock Position Raised by SIR Capital Management L.P.

SIR Capital Management L.P. boosted its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 59.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,706,116 shares of the oil and gas company's stock after purchasing an additional 636,818 shares during the period. Helix Energy Solutions Group comprises 1.7% of SIR Capital Management L.P.'s holdings, making the stock its 22nd largest position. SIR Capital Management L.P. owned about 1.12% of Helix Energy Solutions Group worth $15,901,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC boosted its holdings in shares of Helix Energy Solutions Group by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 43,403 shares of the oil and gas company's stock worth $405,000 after acquiring an additional 13,365 shares during the period. Quantinno Capital Management LP bought a new position in shares of Helix Energy Solutions Group in the 4th quarter valued at $110,000. Millennium Management LLC boosted its stake in shares of Helix Energy Solutions Group by 23.8% in the 4th quarter. Millennium Management LLC now owns 1,697,127 shares of the oil and gas company's stock valued at $15,817,000 after purchasing an additional 326,005 shares in the last quarter. LMR Partners LLP bought a new stake in shares of Helix Energy Solutions Group during the fourth quarter worth $3,728,000. Finally, Lighthouse Investment Partners LLC bought a new stake in Helix Energy Solutions Group during the 4th quarter worth $3,542,000. Institutional investors and hedge funds own 91.33% of the company's stock.

Analyst Upgrades and Downgrades

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

Helix Energy Solutions Group Trading Down 2.6%

Shares of HLX traded down $0.17 during trading hours on Wednesday, hitting $6.27. 460,584 shares of the stock were exchanged, compared to its average volume of 1,857,309. 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 business has a 50-day moving average of $7.08 and a 200-day moving average of $8.43. Helix Energy Solutions Group, Inc. has a fifty-two week low of $5.66 and a fifty-two week high of $13.05. The firm has a market capitalization of $949.34 million, a P/E ratio of 157.01 and a beta of 1.69.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 EPS for the quarter, topping the consensus estimate 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 company had revenue of $278.06 million during the quarter, compared to the consensus estimate of $285.06 million. On average, research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

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.