Helix Energy Solutions Group (NYSE:HLX) Shares Gap Up to $9.84

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) gapped up prior to trading on Thursday . The stock had previously closed at $9.84, but opened at $10.55. Helix Energy Solutions Group shares last traded at $10.40, with a volume of 355,381 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have commented on HLX shares. Raymond James started coverage on shares of Helix Energy Solutions Group in a research report on Thursday. They issued a “strong-buy” rating and a $14.00 price objective on the stock. TD Cowen boosted their price target on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th.

Helix Energy Solutions Group Stock Up 7.5 %

The stock’s fifty day moving average is $10.97 and its two-hundred day moving average is $10.98. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.61 billion, a P/E ratio of -50.43 and a beta of 2.42.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $364.80 million for the quarter, compared to analyst estimates of $353.19 million. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. During the same quarter in the prior year, the firm posted $0.11 EPS.

Hedge Funds Weigh In On Helix Energy Solutions Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Helix Energy Solutions Group in the 2nd quarter worth approximately $45,000. Doheny Asset Management CA grew its stake in Helix Energy Solutions Group by 1.8% in the 2nd quarter. Doheny Asset Management CA now owns 164,584 shares of the oil and gas company’s stock worth $1,965,000 after buying an additional 2,964 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Helix Energy Solutions Group by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,081 shares of the oil and gas company’s stock worth $885,000 after buying an additional 3,559 shares in the last quarter. Encompass Capital Advisors LLC grew its stake in Helix Energy Solutions Group by 2.4% in the 2nd quarter. Encompass Capital Advisors LLC now owns 2,124,306 shares of the oil and gas company’s stock worth $25,364,000 after buying an additional 50,570 shares in the last quarter. Finally, Caxton Associates LP grew its stake in Helix Energy Solutions Group by 225.5% in the 2nd quarter. Caxton Associates LP now owns 94,860 shares of the oil and gas company’s stock worth $1,133,000 after buying an additional 65,720 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.