Helix Energy Solutions Group (NYSE:HLX) Shares Gap Down to $10.14

Helix Energy Solutions Group, Inc. (NYSE:HLX) gapped down prior to trading on Thursday . The stock had previously closed at $10.14, but opened at $9.89. Helix Energy Solutions Group shares last traded at $9.85, with a volume of 138,428 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HLX shares. Raymond James started coverage on Helix Energy Solutions Group in a research note on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price objective on the stock. TD Cowen upped their price target on 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 Price Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.08. The business’s fifty day simple moving average is $10.67 and its 200 day simple moving average is $11.01. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of -51.43 and a beta of 2.42.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) 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 positive return on equity of 4.35% and a negative net margin of 0.49%. During the same period in the previous year, the company earned $0.11 earnings per share. Research analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Helix Energy Solutions Group

Several institutional investors and hedge funds have recently made changes to their positions in HLX. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Helix Energy Solutions Group in the second quarter worth $45,000. Pineridge Advisors LLC acquired a new position in Helix Energy Solutions Group during the 4th quarter worth $54,000. Lindbrook Capital LLC increased its position in shares of Helix Energy Solutions Group by 1,037.6% in the 1st quarter. Lindbrook Capital LLC now owns 5,563 shares of the oil and gas company’s stock worth $60,000 after purchasing an additional 5,074 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Helix Energy Solutions Group by 24.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock valued at $76,000 after purchasing an additional 1,236 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Helix Energy Solutions Group by 10.4% during the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 850 shares during the last quarter. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

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.