Helix Energy Solutions Group Inc (NYSE:HLX) has been given a consensus rating of “Hold” by the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $8.40.
Several analysts have recently commented on the stock. ValuEngine downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Bank of America downgraded shares of Helix Energy Solutions Group from a “neutral” rating to an “underperform” rating and set a $7.00 price objective for the company. in a research report on Tuesday, January 16th. Cowen set a $10.00 price objective on shares of Helix Energy Solutions Group and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Piper Jaffray Companies set a $7.00 price objective on shares of Helix Energy Solutions Group and gave the stock a “hold” rating in a research report on Sunday, December 31st.
In other news, Director Nancy K. Quinn sold 11,268 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $7.44, for a total transaction of $83,833.92. Following the completion of the sale, the director now owns 104,107 shares of the company’s stock, valued at approximately $774,556.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.70% of the company’s stock.
Helix Energy Solutions Group (NYSE:HLX) opened at $7.44 on Friday. The stock has a market cap of $1,115.29, a P/E ratio of -12.61 and a beta of 2.45. Helix Energy Solutions Group has a fifty-two week low of $4.82 and a fifty-two week high of $8.73. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.26.
About Helix Energy Solutions Group
Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.
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