Helix Energy Solutions Group (NYSE:HLX) Shares Up 1% – Still a Buy?

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares traded up 1% during mid-day trading on Tuesday . The stock traded as high as $8.40 and last traded at $8.40. 205,006 shares were traded during trading, a decline of 88% from the average session volume of 1,687,021 shares. The stock had previously closed at $8.31.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th.

Helix Energy Solutions Group Stock Performance

The company has a market capitalization of $1.27 billion, a PE ratio of 210.18 and a beta of 2.41. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The stock’s 50-day simple moving average is $8.26 and its 200 day simple moving average is $9.35.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Monday, February 24th. The oil and gas company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The company had revenue of $355.13 million for the quarter, compared to analysts’ expectations of $311.66 million. As a group, research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Helix Energy Solutions Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. raised its holdings in shares of Helix Energy Solutions Group by 356.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company’s stock valued at $23,017,000 after buying an additional 1,928,691 shares during the last quarter. Gate City Capital Management LLC purchased a new position in Helix Energy Solutions Group in the 4th quarter valued at approximately $17,639,000. Encompass Capital Advisors LLC increased its position in shares of Helix Energy Solutions Group by 66.2% in the fourth quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company’s stock valued at $38,243,000 after buying an additional 1,634,764 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Helix Energy Solutions Group by 16.4% in the fourth quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock valued at $61,016,000 after purchasing an additional 923,477 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in Helix Energy Solutions Group by 738.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 998,485 shares of the oil and gas company’s stock valued at $9,306,000 after buying an additional 879,437 shares in the last quarter. Hedge funds and other institutional investors 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.