Helix Energy Solutions Group, Inc. (NYSE:HLX) posted its quarterly earnings results on Sunday, July 23rd. The oil and gas company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.01, Briefing.com reports. The business had revenue of $150.30 million for the quarter, compared to analysts’ expectations of $141.03 million. Helix Energy Solutions Group had a negative return on equity of 1.21% and a negative net margin of 12.09%. The company’s revenue was up 40.2% compared to the same quarter last year. During the same period last year, the business posted ($0.10) earnings per share.
Shares of Helix Energy Solutions Group (NYSE:HLX) traded down 0.17% on Friday, reaching $5.84. 1,190,488 shares of the company’s stock were exchanged. The stock’s market cap is $862.47 million. The company’s 50 day moving average is $5.78 and its 200-day moving average is $6.62. Helix Energy Solutions Group has a one year low of $4.82 and a one year high of $11.87.
Several research firms have commented on HLX. Cowen and Company reissued an “outperform” rating and set a $9.00 price target (down from $10.00) on shares of Helix Energy Solutions Group in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. ValuEngine downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $8.00 target price (down from $15.00) on shares of Helix Energy Solutions Group in a research note on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $9.96.
Helix Energy Solutions Group Company Profile
Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.
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