Helix Energy Solutions Group (NYSE:HLX) Shares Up 1% – Should You Buy?

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares rose 1% during trading on Tuesday . The stock traded as high as $8.40 and last traded at $8.40. Approximately 205,006 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 1,687,021 shares. The stock had previously closed at $8.31.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th.

Helix Energy Solutions Group Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The business’s fifty day moving average price is $8.24 and its 200-day moving average price is $9.34. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 212.80 and a beta of 2.41.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Monday, February 24th. The oil and gas company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The business had revenue of $355.13 million during the quarter, compared to analyst estimates of $311.66 million. On average, research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Hedge Funds Weigh In On Helix Energy Solutions Group

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Helix Energy Solutions Group by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company’s stock worth $130,941,000 after purchasing an additional 343,673 shares during the last quarter. State Street Corp raised its stake in shares of Helix Energy Solutions Group by 3.8% during the 3rd quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company’s stock worth $73,973,000 after purchasing an additional 246,577 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Helix Energy Solutions Group by 16.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock worth $61,016,000 after buying an additional 923,477 shares during the last quarter. American Century Companies Inc. grew its position in Helix Energy Solutions Group by 10.2% during the fourth quarter. American Century Companies Inc. now owns 4,727,037 shares of the oil and gas company’s stock valued at $44,056,000 after buying an additional 437,814 shares during the period. Finally, Encompass Capital Advisors LLC increased its holdings in Helix Energy Solutions Group by 66.2% during the fourth quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company’s stock worth $38,243,000 after buying an additional 1,634,764 shares during the last quarter. 91.33% of the stock is owned by 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.