Helix Energy Solutions Group, Inc. (NYSE:HLX) Stock Holdings Increased by Doheny Asset Management CA

Doheny Asset Management CA raised its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,584 shares of the oil and gas company’s stock after buying an additional 2,964 shares during the period. Helix Energy Solutions Group comprises about 1.1% of Doheny Asset Management CA’s investment portfolio, making the stock its 27th biggest holding. Doheny Asset Management CA owned 0.11% of Helix Energy Solutions Group worth $1,965,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Helix Energy Solutions Group during the 4th quarter valued at about $200,000. Public Employees Retirement Association of Colorado lifted its stake in Helix Energy Solutions Group by 33,636.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,902,392 shares of the oil and gas company’s stock valued at $19,557,000 after acquiring an additional 1,896,753 shares during the last quarter. Gate City Capital Management LLC acquired a new position in shares of Helix Energy Solutions Group during the 4th quarter worth $8,474,000. Syon Capital LLC acquired a new position in shares of Helix Energy Solutions Group during the 4th quarter worth $138,000. Finally, Pineridge Advisors LLC bought a new position in shares of Helix Energy Solutions Group during the 4th quarter valued at $54,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HLX shares. TD Cowen upped their price objective on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Raymond James assumed coverage on Helix Energy Solutions Group in a research note on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price objective on the stock.

Helix Energy Solutions Group Stock Performance

Shares of NYSE HLX opened at $10.80 on Friday. Helix Energy Solutions Group, Inc. has a 12 month low of $8.82 and a 12 month high of $13.05. The company has a market cap of $1.65 billion, a P/E ratio of -51.43 and a beta of 2.42. The business’s 50 day moving average is $10.67 and its two-hundred day moving average is $11.01. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.21.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The firm had revenue of $364.80 million during the quarter, compared to the consensus estimate of $353.19 million. During the same period in the prior year, the firm earned $0.11 EPS. On average, equities analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current 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.