Guinness Asset Management LTD Sells 23,422 Shares of Helix Energy Solutions Group, Inc. $HLX

Guinness Asset Management LTD cut its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 9.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 217,444 shares of the oil and gas company’s stock after selling 23,422 shares during the period. Guinness Asset Management LTD’s holdings in Helix Energy Solutions Group were worth $1,360,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HLX. Bessemer Group Inc. raised its position in Helix Energy Solutions Group by 243.4% in the 2nd quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 3,576 shares during the period. AlphaQuest LLC raised its holdings in shares of Helix Energy Solutions Group by 594,600.0% in the first quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company’s stock worth $49,000 after buying an additional 5,946 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Helix Energy Solutions Group by 43.1% in the first quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company’s stock worth $59,000 after buying an additional 2,123 shares during the period. CWM LLC lifted its stake in shares of Helix Energy Solutions Group by 78.0% during the 1st quarter. CWM LLC now owns 10,699 shares of the oil and gas company’s stock worth $89,000 after acquiring an additional 4,688 shares during the last quarter. Finally, Strs Ohio purchased a new position in Helix Energy Solutions Group during the 1st quarter valued at $89,000. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Price Performance

NYSE HLX opened at $7.00 on Monday. The company has a market cap of $1.03 billion, a PE ratio of 24.98 and a beta of 1.53. The firm’s 50 day moving average price is $6.43 and its 200-day moving average price is $6.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.54 and a current ratio of 2.54. Helix Energy Solutions Group, Inc. has a 52-week low of $5.52 and a 52-week high of $11.48.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Wednesday, October 22nd. The oil and gas company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $376.96 million during the quarter, compared to the consensus estimate of $361.93 million. Helix Energy Solutions Group had a net margin of 3.25% and a return on equity of 2.75%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Sell-side analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HLX shares. TD Cowen increased their target price on Helix Energy Solutions Group from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday. Raymond James Financial reaffirmed an “outperform” rating and issued a $9.00 price target (down previously from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Helix Energy Solutions Group in a report on Tuesday, October 14th. Zacks Research downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Finally, Wall Street Zen raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Saturday. Three equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Helix Energy Solutions Group presently has an average rating of “Hold” and an average target price of $10.50.

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.