Helix Energy Solutions Group (NYSE:HLX) PT Lowered to $15.00 at TD Cowen

Helix Energy Solutions Group (NYSE:HLX) had its price objective lowered by TD Cowen from $16.00 to $15.00 in a report published on Friday, Benzinga reports. The firm currently has a buy rating on the oil and gas company’s stock.

HLX has been the subject of a number of other research reports. BTIG Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday. Raymond James started coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price objective for the company.

Helix Energy Solutions Group Stock Performance

NYSE HLX opened at $9.34 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. Helix Energy Solutions Group has a twelve month low of $8.82 and a twelve month high of $13.05. The business has a 50-day moving average price of $10.38 and a 200-day moving average price of $10.96. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -44.48 and a beta of 2.41.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Helix Energy Solutions Group had a positive return on equity of 4.35% and a negative net margin of 0.49%. The company had revenue of $342.42 million for the quarter, compared to analysts’ expectations of $354.74 million. During the same period in the previous year, the firm earned $0.19 EPS. As a group, equities research analysts predict that Helix Energy Solutions Group will post 0.29 EPS for the current fiscal year.

Insider Activity at Helix Energy Solutions Group

In related news, CEO Owen E. Kratz sold 298,419 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total value of $3,557,154.48. Following the sale, the chief executive officer now owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its stake in shares of Helix Energy Solutions Group by 95.2% in the 1st quarter. Russell Investments Group Ltd. now owns 308,892 shares of the oil and gas company’s stock valued at $3,348,000 after purchasing an additional 150,657 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Helix Energy Solutions Group by 74.1% in the second 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 boosted its stake in Helix Energy Solutions Group by 35.6% during the first 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 period. First Eagle Investment Management LLC increased its position in Helix Energy Solutions Group by 14.2% during the first quarter. First Eagle Investment Management LLC now owns 325,758 shares of the oil and gas company’s stock valued at $3,531,000 after acquiring an additional 40,500 shares during the last quarter. Finally, Caxton Associates LP raised its stake in shares of Helix Energy Solutions Group by 225.5% in the second quarter. Caxton Associates LP now owns 94,860 shares of the oil and gas company’s stock valued at $1,133,000 after acquiring an additional 65,720 shares during the period. Hedge funds and other institutional investors own 91.33% of the company’s stock.

About Helix Energy Solutions Group

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.