Helix Energy Solutions Group (NYSE:HLX) Coverage Initiated by Analysts at Raymond James

Research analysts at Raymond James started coverage on shares of Helix Energy Solutions Group (NYSE:HLX) in a research report issued to clients and investors on Thursday, Briefing.com reports. The firm set a “strong-buy” rating and a $14.00 price target on the oil and gas company’s stock. Raymond James’ price objective suggests a potential upside of 42.20% from the stock’s previous close.

Separately, TD Cowen raised their target price 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.

Helix Energy Solutions Group Trading Down 1.7 %

Shares of Helix Energy Solutions Group stock opened at $9.85 on Thursday. The business has a fifty day simple moving average of $10.97 and a 200-day simple moving average of $10.98. Helix Energy Solutions Group has a fifty-two week low of $8.82 and a fifty-two week high of $13.05. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -46.88 and a beta of 2.42. 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 company 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 company earned $0.11 EPS.

Institutional Trading of Helix Energy Solutions Group

A number of hedge funds have recently bought and sold shares of HLX. Russell Investments Group Ltd. increased its position in shares of Helix Energy Solutions Group by 95.2% in the first quarter. Russell Investments Group Ltd. now owns 308,892 shares of the oil and gas company’s stock worth $3,348,000 after acquiring an additional 150,657 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Helix Energy Solutions Group by 74.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after purchasing an additional 985,101 shares in the last quarter. ARGA Investment Management LP acquired a new stake in Helix Energy Solutions Group during the 1st quarter valued at $861,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Helix Energy Solutions Group by 35.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 236,168 shares of the oil and gas company’s stock valued at $2,560,000 after purchasing an additional 61,963 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of Helix Energy Solutions Group by 14.2% in the first quarter. First Eagle Investment Management LLC now owns 325,758 shares of the oil and gas company’s stock worth $3,531,000 after buying an additional 40,500 shares during the period. 91.33% of the stock is owned by hedge funds and other institutional investors.

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.