Hsbc Holdings PLC Purchases 54,652 Shares of Helix Energy Solutions Group, Inc. $HLX

Hsbc Holdings PLC boosted its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 230.0% in the fourth quarter, Holdings Channel reports. The fund owned 78,410 shares of the oil and gas company’s stock after acquiring an additional 54,652 shares during the period. Hsbc Holdings PLC’s holdings in Helix Energy Solutions Group were worth $492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Helix Energy Solutions Group in the fourth quarter valued at about $27,000. Royal Bank of Canada increased its stake in shares of Helix Energy Solutions Group by 175.9% in the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 4,458 shares during the period. Aaron Wealth Advisors LLC acquired a new position in shares of Helix Energy Solutions Group during the 4th quarter worth about $74,000. XTX Topco Ltd acquired a new position in shares of Helix Energy Solutions Group during the 2nd quarter worth about $80,000. Finally, Inscription Capital LLC bought a new stake in Helix Energy Solutions Group during the 4th quarter valued at approximately $83,000. 91.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HLX has been the topic of a number of research analyst reports. Weiss Ratings lowered Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. TD Cowen upped their price target on Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.50.

Helix Energy Solutions Group Stock Up 1.1%

Shares of HLX stock opened at $9.54 on Friday. The stock has a market cap of $1.40 billion, a P/E ratio of 95.35 and a beta of 1.12. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year high of $10.75. The stock has a fifty day moving average price of $9.40 and a 200 day moving average price of $8.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.92 and a quick ratio of 2.92.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The firm had revenue of $287.95 million for the quarter, compared to analyst estimates of $260.89 million. Helix Energy Solutions Group had a net margin of 1.10% and a return on equity of 1.82%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts predict that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current year.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.