Helix Energy Solutions Group (NYSE:HLX) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Helix Energy Solutions Group (NYSE:HLX) from a buy rating to a hold rating in a research report sent to investors on Sunday.

A number of other research analysts have also issued reports on the stock. Weiss Ratings upgraded shares of Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. TD Cowen lifted their price target on shares of Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Helix Energy Solutions Group presently has an average rating of “Hold” and an average price target of $14.00.

Helix Energy Solutions Group Stock Up 0.0%

HLX stock opened at $10.44 on Friday. Helix Energy Solutions Group has a fifty-two week low of $5.61 and a fifty-two week high of $10.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 38.65 and a beta of 1.14. The business’s fifty day moving average price is $9.32 and its two-hundred day moving average price is $9.36.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.95%. The company had revenue of $304.02 million during the quarter, compared to analysts’ expectations of $314.56 million. On average, equities analysts anticipate that Helix Energy Solutions Group will post 0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HLX. Man Group plc acquired a new position in Helix Energy Solutions Group during the second quarter valued at approximately $4,883,000. Jupiter Topco LLC acquired a new stake in shares of Helix Energy Solutions Group in the 2nd quarter valued at $7,650,000. Canada Pension Plan Investment Board bought a new position in shares of Helix Energy Solutions Group in the 2nd quarter valued at $642,000. Legal & General Group Plc bought a new position in shares of Helix Energy Solutions Group in the 2nd quarter valued at $2,778,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Helix Energy Solutions Group in the 2nd quarter valued at $509,000. 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 (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.