Helix Energy Solutions Group Inc (HLX) Receives Consensus Recommendation of “Hold” from Analysts

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.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank grew its position in Helix Energy Solutions Group by 3.8% in the 2nd quarter. Amalgamated Bank now owns 18,427 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 683 shares during the period. Jane Street Group LLC acquired a new stake in Helix Energy Solutions Group in the 3rd quarter valued at $118,000. Green Square Capital LLC grew its position in Helix Energy Solutions Group by 1.7% in the 2nd quarter. Green Square Capital LLC now owns 21,392 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 359 shares during the period. GSA Capital Partners LLP acquired a new stake in Helix Energy Solutions Group in the 2nd quarter valued at $151,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Helix Energy Solutions Group in the 2nd quarter valued at $169,000. 85.98% of the stock is owned by institutional investors and hedge funds.

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.

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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.

Analyst Recommendations for Helix Energy Solutions Group (NYSE:HLX)

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