Shares of Helix Energy Solutions Group Inc (NYSE:HLX) have earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $9.65.
HLX has been the subject of a number of analyst reports. Cowen initiated coverage on shares of Helix Energy Solutions Group in a research report on Saturday, October 13th. They issued a “buy” rating and a $12.00 price objective for the company. Zacks Investment Research lowered shares of Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 26th. Finally, ValuEngine upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a research note on Friday, September 28th.
NYSE:HLX traded up $0.01 on Monday, reaching $8.19. The stock had a trading volume of 2,141,534 shares, compared to its average volume of 1,811,674. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.65 and a quick ratio of 2.65. The stock has a market cap of $1.26 billion, a P/E ratio of -54.60 and a beta of 2.57. Helix Energy Solutions Group has a 12-month low of $5.44 and a 12-month high of $10.89.
In related news, Director William L. Transier sold 32,700 shares of the stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $9.69, for a total transaction of $316,863.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Owen E. Kratz sold 653,468 shares of the stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $9.74, for a total transaction of $6,364,778.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 852,052 shares of company stock worth $8,287,258. Company insiders own 5.85% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hilltop Holdings Inc. acquired a new stake in Helix Energy Solutions Group during the second quarter worth about $100,000. Tower Research Capital LLC TRC raised its stake in Helix Energy Solutions Group by 297.2% during the second quarter. Tower Research Capital LLC TRC now owns 15,888 shares of the oil and gas company’s stock worth $132,000 after acquiring an additional 11,888 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Helix Energy Solutions Group during the second quarter worth about $167,000. Laurion Capital Management LP acquired a new stake in Helix Energy Solutions Group during the second quarter worth about $189,000. Finally, First Quadrant L P CA acquired a new stake in Helix Energy Solutions Group during the third quarter worth about $200,000. Hedge funds and other institutional investors own 89.34% of the company’s stock.
Helix Energy Solutions Group Company Profile
Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.
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