Weiss Ratings Reiterates “Sell (D+)” Rating for Helix Energy Solutions Group (NYSE:HLX)

Helix Energy Solutions Group (NYSE:HLX)‘s stock had its “sell (d+)” rating reissued by investment analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

HLX has been the subject of a number of other reports. Wall Street Zen downgraded Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Raymond James Financial restated an “outperform” rating and set a $9.00 price objective (down from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. Finally, Zacks Research upgraded Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.00.

Helix Energy Solutions Group Price Performance

Shares of NYSE HLX opened at $6.27 on Tuesday. Helix Energy Solutions Group has a twelve month low of $5.52 and a twelve month high of $11.48. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $922.07 million, a price-to-earnings ratio of 19.60 and a beta of 1.53. The business has a 50 day simple moving average of $6.32 and a 200-day simple moving average of $6.48.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.23%. The firm had revenue of $302.29 million during the quarter, compared to the consensus estimate of $326.62 million. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Helix Energy Solutions Group will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. boosted its position in Helix Energy Solutions Group by 243.4% during the 2nd quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 3,576 shares during the period. AlphaQuest LLC boosted its position in Helix Energy Solutions Group by 594,600.0% during the 1st quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 5,946 shares during the period. Smartleaf Asset Management LLC boosted its position in Helix Energy Solutions Group by 43.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company’s stock worth $59,000 after acquiring an additional 2,123 shares during the period. XTX Topco Ltd acquired a new position in Helix Energy Solutions Group during the 2nd quarter worth $80,000. Finally, Inceptionr LLC acquired a new position in Helix Energy Solutions Group during the 2nd quarter worth $84,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

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.