Helix Energy Solutions Group (NYSE:HLX) Rating Lowered to Sell at StockNews.com

Helix Energy Solutions Group (NYSE:HLX) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other research firms have also recently commented on HLX. BTIG Research cut Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. Raymond James began coverage on Helix Energy Solutions Group in a research report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price objective for the company. Finally, TD Cowen cut their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 25th.

Helix Energy Solutions Group Stock Down 0.2 %

Shares of HLX stock opened at $10.80 on Tuesday. The stock has a market cap of $1.64 billion, a P/E ratio of 270.57 and a beta of 2.43. Helix Energy Solutions Group has a twelve month low of $8.82 and a twelve month high of $13.05. The stock has a 50 day moving average of $10.28 and a 200 day moving average of $10.81. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. During the same period in the previous year, the business earned $0.19 earnings per share. As a group, sell-side analysts expect that Helix Energy Solutions Group will post 0.29 EPS for the current year.

Insider Transactions at Helix Energy Solutions Group

In other news, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the sale, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. The trade was a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.37% of the company’s stock.

Hedge Funds Weigh In On Helix Energy Solutions Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. acquired a new position in Helix Energy Solutions Group during the third quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Helix Energy Solutions Group during the second quarter worth $45,000. Millburn Ridgefield Corp acquired a new position in Helix Energy Solutions Group during the third quarter worth $61,000. GAMMA Investing LLC boosted its stake in Helix Energy Solutions Group by 24.0% during the second quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock worth $76,000 after buying an additional 1,236 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Helix Energy Solutions Group by 10.4% in the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 850 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

About Helix Energy Solutions Group

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.