Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Free Report) shot up 4.1% during mid-day trading on Monday . The stock traded as high as $10.58 and last traded at $10.5520. Approximately 61,678 shares changed hands during trading, a decline of 97% from the average session volume of 1,795,888 shares. The stock had previously closed at $10.14.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Wall Street Zen cut Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Weiss Ratings raised Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.00.
Check Out Our Latest Research Report on Helix Energy Solutions Group
Helix Energy Solutions Group Price Performance
Helix Energy Solutions Group (NYSE:HLX – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. Helix Energy Solutions Group had a return on equity of 2.95% and a net margin of 3.04%.The firm had revenue of $304.02 million during the quarter, compared to analysts’ expectations of $314.56 million. As a group, analysts predict that Helix Energy Solutions Group, Inc. will post 0.28 EPS for the current year.
Institutional Trading of Helix Energy Solutions Group
A number of institutional investors have recently made changes to their positions in HLX. BlackRock Inc. purchased a new position in shares of Helix Energy Solutions Group in the 2nd quarter worth $198,670,000. Dimensional Fund Advisors LP increased its position in Helix Energy Solutions Group by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 8,959,806 shares of the oil and gas company’s stock valued at $88,611,000 after acquiring an additional 249,887 shares during the last quarter. State Street Corp increased its position in Helix Energy Solutions Group by 6.3% during the fourth quarter. State Street Corp now owns 6,263,543 shares of the oil and gas company’s stock valued at $39,272,000 after acquiring an additional 372,115 shares during the last quarter. Invesco Ltd. lifted its holdings in Helix Energy Solutions Group by 58.6% in the fourth quarter. Invesco Ltd. now owns 4,968,078 shares of the oil and gas company’s stock valued at $31,150,000 after acquiring an additional 1,835,536 shares during the period. Finally, Millennium Management LLC lifted its holdings in Helix Energy Solutions Group by 893.7% in the third quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock valued at $26,409,000 after acquiring an additional 3,620,563 shares during the period. Hedge funds and other institutional investors own 91.33% of the company’s stock.
About Helix Energy Solutions Group
Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.
Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.
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