Helix Energy Solutions Group (NYSE: HLX – Get a rating)The stock has been assigned an “equal weight” rating by equity researchers of Capital One Financial in a report released on Friday, Zacks.com reports.
HLX has been the subject of several other research reports. Piper Sandler raised her price target on Helix Energy Solutions Group shares from $5.60 to $6.30 and gave the company an “overweight” rating in a Monday, March 7 research report. Zacks Investment Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a Wednesday, March 9 research report. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned the company a buy rating. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.18.
NYSE:HLX shares opened at $4.65 on Friday. The company’s fifty-day moving average price is $4.05 and its 200-day moving average price is $3.81. The company has a market capitalization of $705.13 million, a price-earnings ratio of -11.34 and a beta of 2.94. Helix Energy Solutions Group has a one-year low of $2.88 and a one-year high of $6.70. The company has a debt ratio of 0.16, a current ratio of 1.90 and a quick ratio of 1.90.
Helix Energy Solutions Group (NYSE: HLX – Get a rating) last released its results on Monday, February 21. The oil and gas company reported ($0.17) EPS for the quarter, meeting Thomson Reuters consensus estimate of ($0.17). Helix Energy Solutions Group posted a negative net margin of 9.12% and a negative return on equity of 3.66%. The company posted revenue of $168.66 million for the quarter, versus analyst estimates of $133.69 million. In the same quarter last year, the company achieved EPS of $0.03. As a group, equity research analysts expect Helix Energy Solutions Group to post -0.51 EPS for the current year.
A number of large investors have recently increased or reduced their holdings in HLX. Pinebridge Investments LP acquired a new stake in Helix Energy Solutions Group during Q4, valued at approximately $31,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in Helix Energy Solutions Group during Q4 valued at approximately $32,000. Peapack Gladstone Financial Corp acquired a new stake in Helix Energy Solutions Group during Q3, valued at approximately $39,000. Allspring Global Investments Holdings LLC purchased a new stake in Helix Energy Solutions Group during Q4, valued at approximately $42,000. Finally, Commonwealth Equity Services LLC acquired a new stake in Helix Energy Solutions Group during Q3 valued at approximately $44,000. Institutional investors and hedge funds hold 88.36% of the company’s shares.
Helix Energy Solutions Group Company Profile (Get a rating)
Helix Energy Solutions Group, Inc. is an international offshore energy company. It focuses on subsea construction, maintenance and salvage services for the offshore oil and gas industry. The company also provides specialist services to the offshore energy industry, with a focus on well intervention and robotic operations.
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