Helix Energy Solutions Group (NYSE:HLX) PT Lowered to $15.00

Helix Energy Solutions Group (NYSE:HLX) had its price objective lowered by equities researchers at TD Cowen from $16.00 to $15.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s target price would suggest a potential upside of 60.26% from the company’s previous close.

A number of other equities analysts also recently commented on the company. Raymond James began coverage on Helix Energy Solutions Group in a report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price objective on the stock. BTIG Research cut Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday.

Helix Energy Solutions Group Stock Up 1.2 %

Shares of HLX stock traded up $0.11 on Friday, reaching $9.36. 1,309,404 shares of the company’s stock traded hands, compared to its average volume of 1,825,873. The company has a market capitalization of $1.43 billion, a P/E ratio of -44.62 and a beta of 2.41. Helix Energy Solutions Group has a 12-month low of $8.82 and a 12-month high of $13.05. 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 50 day moving average price is $10.41 and its two-hundred day moving average price is $10.99.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $342.42 million during the quarter, compared to analyst estimates of $354.74 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 last year, the company earned $0.19 earnings per share. On average, equities analysts forecast that Helix Energy Solutions Group will post 0.29 earnings per share for the current year.

Insider Buying and Selling at Helix Energy Solutions Group

In related news, CEO Owen E. Kratz sold 298,419 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total value of $3,557,154.48. Following the completion of the sale, the chief executive officer now owns 7,171,860 shares in the company, valued at $85,488,571.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HLX. Pacer Advisors Inc. bought a new position in shares of Helix Energy Solutions Group in the 2nd quarter valued at about $81,862,000. Assenagon Asset Management S.A. boosted its stake in shares of 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 acquiring an additional 985,101 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Helix Energy Solutions Group during the 2nd quarter worth approximately $11,451,000. Principal Financial Group Inc. raised its stake in Helix Energy Solutions Group by 87.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,489,359 shares of the oil and gas company’s stock valued at $17,783,000 after acquiring an additional 696,395 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Helix Energy Solutions Group by 24.9% during the 2nd quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock valued at $40,756,000 after purchasing an additional 680,635 shares during the last quarter. 91.33% of the stock is owned by institutional investors and hedge funds.

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.