Helix Energy Solutions Group Inc (NYSE:HLX) Receives Average Recommendation of “Buy” from Brokerages

Helix Energy Solutions Group Inc (NYSE:HLX) has been given a consensus rating of “Buy” by the six research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $10.50.

A number of research firms have recently commented on HLX. ValuEngine cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Monday. Zacks Investment Research cut Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Bank of America began coverage on Helix Energy Solutions Group in a research note on Tuesday. They issued a “buy” rating on the stock.

HLX traded up $0.23 during trading on Tuesday, reaching $8.78. The stock had a trading volume of 267,507 shares, compared to its average volume of 1,253,182. The stock’s 50 day moving average is $8.37 and its two-hundred day moving average is $7.97. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 46.21 and a beta of 2.77. Helix Energy Solutions Group has a one year low of $5.05 and a one year high of $9.85.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Monday, October 21st. The oil and gas company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. Helix Energy Solutions Group had a return on equity of 2.20% and a net margin of 4.88%. The firm had revenue of $212.61 million for the quarter, compared to analysts’ expectations of $211.72 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, equities research analysts predict that Helix Energy Solutions Group will post 0.34 earnings per share for the current year.

In related news, Director Nancy K. Quinn sold 12,677 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $9.58, for a total transaction of $121,445.66. Following the sale, the director now directly owns 104,466 shares of the company’s stock, valued at $1,000,784.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Erik Staffeldt sold 17,027 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $9.50, for a total value of $161,756.50. Following the sale, the chief financial officer now directly owns 157,467 shares in the company, valued at $1,495,936.50. The disclosure for this sale can be found here. Insiders have sold 44,704 shares of company stock worth $417,902 over the last ninety days. 5.45% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in HLX. William Blair Investment Management LLC bought a new position in Helix Energy Solutions Group in the second quarter valued at about $12,477,000. Nuveen Asset Management LLC purchased a new position in Helix Energy Solutions Group during the 2nd quarter valued at approximately $9,105,000. Balyasny Asset Management LLC grew its holdings in Helix Energy Solutions Group by 1,459.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 657,450 shares of the oil and gas company’s stock valued at $5,674,000 after buying an additional 615,289 shares in the last quarter. Dalton Greiner Hartman Maher & Co. grew its holdings in Helix Energy Solutions Group by 198.8% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 544,619 shares of the oil and gas company’s stock valued at $4,700,000 after buying an additional 362,379 shares in the last quarter. Finally, CWM LLC grew its holdings in Helix Energy Solutions Group by 28,001.1% during the 2nd quarter. CWM LLC now owns 288,036 shares of the oil and gas company’s stock valued at $2,486,000 after buying an additional 287,011 shares in the last quarter. 93.76% of the stock is currently owned by institutional investors.

About Helix Energy Solutions Group

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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