Helix Energy Solutions Group (NYSE:HLX) Downgraded to Sell at StockNews.com

StockNews.com cut shares of Helix Energy Solutions Group (NYSE:HLX) from a hold rating to a sell rating in a report published on Friday morning.

Several other brokerages have also commented on HLX. BTIG Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday. TD Cowen decreased their price target on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday. Finally, Raymond James began coverage on Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price objective on the stock.

Helix Energy Solutions Group Trading Up 1.0 %

NYSE HLX opened at $9.34 on Friday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.21. Helix Energy Solutions Group has a 1-year low of $8.82 and a 1-year high of $13.05. The stock has a 50-day moving average of $10.38 and a 200-day moving average of $10.97. The firm has a market cap of $1.42 billion, a PE ratio of -44.55 and a beta of 2.41.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $342.42 million for the quarter, compared to analysts’ expectations of $354.74 million. Helix Energy Solutions Group had a positive return on equity of 4.35% and a negative net margin of 0.49%. During the same period last year, the firm earned $0.19 earnings per share. As a group, sell-side analysts forecast that Helix Energy Solutions Group will post 0.29 EPS for the current year.

Insider Transactions at Helix Energy Solutions Group

In related news, CEO Owen E. Kratz sold 298,419 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the sale, the chief executive officer now owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.37% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Helix Energy Solutions Group in the 2nd quarter worth about $45,000. GAMMA Investing LLC increased its stake in Helix Energy Solutions Group by 24.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock valued at $76,000 after purchasing an additional 1,236 shares in the last quarter. CWM LLC raised its holdings in Helix Energy Solutions Group by 10.4% in the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock worth $108,000 after buying an additional 850 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Helix Energy Solutions Group by 10.2% in the first quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company’s stock worth $163,000 after buying an additional 1,391 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of Helix Energy Solutions Group during the second quarter valued at approximately $184,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

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.