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

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

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

Helix Energy Solutions Group Price Performance

Shares of 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. The company’s fifty day simple moving average is $10.38 and its 200 day simple moving average is $10.96. Helix Energy Solutions Group has a 1-year low of $8.82 and a 1-year high of $13.05. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -44.48 and a beta of 2.41.

Helix Energy Solutions Group (NYSE:HLX) last issued 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. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The company had revenue of $342.42 million for the quarter, compared to analysts’ expectations of $354.74 million. During the same period in the prior year, the firm earned $0.19 EPS. On average, research analysts forecast that Helix Energy Solutions Group will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the completion of the sale, the chief executive officer now owns 7,171,860 shares of the company’s stock, valued at approximately $85,488,571.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of large investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Helix Energy Solutions Group during the 2nd quarter worth approximately $45,000. GAMMA Investing LLC lifted its stake in Helix Energy Solutions Group by 24.0% during the second quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock worth $76,000 after purchasing an additional 1,236 shares during the last quarter. CWM LLC lifted its stake in Helix Energy Solutions Group by 10.4% during the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 850 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Helix Energy Solutions Group by 10.2% in the 1st quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company’s stock valued at $163,000 after purchasing an additional 1,391 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Helix Energy Solutions Group in the 2nd quarter valued at $184,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

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.