Helix Energy Solutions Group (NYSE:HLX) Stock Rating Lowered by StockNews.com

Helix Energy Solutions Group (NYSE:HLX) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Several other equities research analysts also recently issued reports on the stock. BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. Raymond James started coverage on Helix Energy Solutions Group in a research note on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price target on the stock. Finally, TD Cowen lowered their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 25th.

Helix Energy Solutions Group Trading Down 1.1 %

Shares of Helix Energy Solutions Group stock traded down $0.12 during trading hours on Tuesday, hitting $10.82. The company’s stock had a trading volume of 919,575 shares, compared to its average volume of 1,814,948. The business has a fifty day moving average of $10.26 and a 200 day moving average of $10.82. Helix Energy Solutions Group has a 1-year low of $8.82 and a 1-year high of $13.05. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.65 billion, a PE ratio of 270.50 and a beta of 2.43.

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, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $342.42 million during the quarter, compared to analyst estimates of $354.74 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. During the same quarter last year, the firm earned $0.19 earnings per share. As a group, equities analysts forecast that Helix Energy Solutions Group will post 0.29 EPS for the current year.

Insider Transactions at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the completion of the transaction, the chief executive officer now directly owns 7,171,860 shares in the company, valued at $85,488,571.20. The trade was a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.37% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Helix Energy Solutions Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock valued at $144,897,000 after purchasing an additional 152,413 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Helix Energy Solutions Group by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock valued at $131,559,000 after buying an additional 254,880 shares during the last quarter. Pacer Advisors Inc. bought a new position in Helix Energy Solutions Group in the 2nd quarter worth approximately $81,862,000. State Street Corp increased its position in Helix Energy Solutions Group by 3.8% in the 3rd quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company’s stock valued at $73,973,000 after acquiring an additional 246,577 shares during the period. Finally, American Century Companies Inc. raised its stake in Helix Energy Solutions Group by 24.9% during the 2nd quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock valued at $40,756,000 after acquiring an additional 680,635 shares in the last quarter. Institutional investors and hedge funds 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.