Helix Energy Solutions Group (NYSE:HLX) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of Helix Energy Solutions Group (NYSE:HLX) from a hold rating to a sell rating in a report issued on Tuesday.

HLX has been the subject of several other research reports. Raymond James assumed coverage on Helix Energy Solutions Group in a research report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 target price for the company. BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. Finally, TD Cowen reduced their price target on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 25th.

Helix Energy Solutions Group Price Performance

Shares of NYSE HLX opened at $10.69 on Tuesday. Helix Energy Solutions Group has a 1-year low of $8.82 and a 1-year high of $13.05. The business has a 50-day moving average of $10.31 and a 200-day moving average of $10.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 267.25 and a beta of 2.43.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The company had revenue of $342.42 million during the quarter, compared to the consensus estimate of $354.74 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. On average, equities analysts anticipate that Helix Energy Solutions Group will post 0.29 EPS for the current fiscal year.

Insider Activity at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the transaction, the chief executive officer now owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. This trade represents a 3.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its holdings in Helix Energy Solutions Group by 74.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after buying an additional 985,101 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Helix Energy Solutions Group by 35.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 236,168 shares of the oil and gas company’s stock worth $2,560,000 after buying an additional 61,963 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Helix Energy Solutions Group by 11.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,065,620 shares of the oil and gas company’s stock worth $11,829,000 after buying an additional 106,582 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in shares of Helix Energy Solutions Group during the 3rd quarter worth approximately $628,000. Finally, Fisher Asset Management LLC raised its position in shares of Helix Energy Solutions Group by 3.9% during the 3rd quarter. Fisher Asset Management LLC now owns 1,941,340 shares of the oil and gas company’s stock worth $21,549,000 after purchasing an additional 72,945 shares during the period. Institutional investors 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.