Helix Energy Solutions Group, Inc. $HLX Position Lessened by Encompass Capital Advisors LLC

Encompass Capital Advisors LLC lowered its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 25.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,806,807 shares of the oil and gas company’s stock after selling 1,292,576 shares during the quarter. Encompass Capital Advisors LLC’s holdings in Helix Energy Solutions Group were worth $23,754,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HLX. Cetera Investment Advisers bought a new stake in Helix Energy Solutions Group in the first quarter valued at $425,000. Vanguard Group Inc. lifted its position in Helix Energy Solutions Group by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 14,257,726 shares of the oil and gas company’s stock valued at $118,482,000 after purchasing an additional 208,288 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Helix Energy Solutions Group by 6.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,338,193 shares of the oil and gas company’s stock valued at $19,430,000 after purchasing an additional 148,834 shares during the period. Invesco Ltd. grew its position in Helix Energy Solutions Group by 0.4% in the 1st quarter. Invesco Ltd. now owns 1,002,034 shares of the oil and gas company’s stock worth $8,327,000 after purchasing an additional 4,313 shares during the last quarter. Finally, Nuveen LLC bought a new position in Helix Energy Solutions Group in the 1st quarter worth about $7,378,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Helix Energy Solutions Group

In other news, COO Scott Andrew Sparks sold 40,000 shares of Helix Energy Solutions Group stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $6.88, for a total value of $275,200.00. Following the transaction, the chief operating officer owned 301,042 shares of the company’s stock, valued at $2,071,168.96. The trade was a 11.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

HLX has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Helix Energy Solutions Group in a report on Monday. Cowen reaffirmed a “buy” rating on shares of Helix Energy Solutions Group in a research note on Friday, October 24th. TD Cowen increased their price target on Helix Energy Solutions Group from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Wall Street Zen raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Zacks Research upgraded shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Helix Energy Solutions Group currently has an average rating of “Moderate Buy” and a consensus price target of $10.50.

Helix Energy Solutions Group Stock Down 1.8%

HLX opened at $7.01 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.54 and a current ratio of 2.54. The company has a market capitalization of $1.03 billion, a PE ratio of 25.02 and a beta of 1.26. The stock’s fifty day moving average is $6.71 and its 200-day moving average is $6.51. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year high of $9.75.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $376.96 million during the quarter, compared to analysts’ expectations of $361.93 million. Helix Energy Solutions Group had a return on equity of 2.75% and a net margin of 3.25%.The business’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Helix Energy Solutions Group 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.