Helix Energy Solutions Group (NYSE:HLX – Get Free Report) released its quarterly earnings data on Thursday. The oil and gas company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02, Zacks reports. Helix Energy Solutions Group had a return on equity of 2.96% and a net margin of 3.04%.The company had revenue of $304.02 million during the quarter, compared to the consensus estimate of $314.56 million.
Helix Energy Solutions Group Stock Performance
Shares of HLX stock traded down $0.19 on Friday, reaching $9.62. The stock had a trading volume of 1,515,254 shares, compared to its average volume of 1,415,053. The stock has a market cap of $1.42 billion, a P/E ratio of 35.61 and a beta of 1.14. Helix Energy Solutions Group has a 1 year low of $5.58 and a 1 year high of $10.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.92 and a current ratio of 2.92. The company has a 50 day simple moving average of $9.26 and a 200 day simple moving average of $9.25.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on HLX. Weiss Ratings restated a “sell (d+)” rating on shares of Helix Energy Solutions Group in a research note on Friday, July 24th. TD Cowen lifted their price target on shares of Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Helix Energy Solutions Group presently has an average rating of “Hold” and an average price target of $14.00.
Hedge Funds Weigh In On Helix Energy Solutions Group
Several institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its holdings in Helix Energy Solutions Group by 530.1% during the first quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company’s stock valued at $1,955,000 after buying an additional 197,882 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Helix Energy Solutions Group in the 1st quarter worth $184,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Helix Energy Solutions Group by 9.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company’s stock worth $3,101,000 after purchasing an additional 32,643 shares during the period. Jane Street Group LLC lifted its position in Helix Energy Solutions Group by 1,836.3% during the first quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company’s stock valued at $3,143,000 after purchasing an additional 358,663 shares in the last quarter. Finally, Strs Ohio bought a new stake in Helix Energy Solutions Group during the first quarter valued at about $89,000. Institutional investors own 91.33% of the company’s stock.
Helix Energy Solutions Group Company Profile
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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