Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) traded down 3.9% on Thursday . The stock traded as low as $5.66 and last traded at $6.35. 1,264,123 shares were traded during trading, a decline of 29% from the average session volume of 1,790,129 shares. The stock had previously closed at $6.61.
Analyst Upgrades and Downgrades
Separately, Raymond James lowered shares of Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and dropped their target price for the stock from $14.00 to $10.00 in a research report on Friday.
View Our Latest Stock Report on Helix Energy Solutions Group
Helix Energy Solutions Group Price Performance
The stock has a market cap of $953.12 million, a price-to-earnings ratio of 157.29 and a beta of 1.91. 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 stock's 50 day simple moving average is $7.62 and its two-hundred day simple moving average is $8.84.
Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.07. The company had revenue of $278.06 million for the quarter, compared to analyst estimates of $285.06 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. On average, analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.
Institutional Trading of Helix Energy Solutions Group
Several hedge funds have recently modified their holdings of HLX. CoreCommodity Management LLC increased its position in Helix Energy Solutions Group by 1.4% in the 4th quarter. CoreCommodity Management LLC now owns 129,776 shares of the oil and gas company's stock valued at $1,210,000 after acquiring an additional 1,780 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Helix Energy Solutions Group by 6.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 33,553 shares of the oil and gas company's stock valued at $313,000 after buying an additional 1,950 shares during the period. MetLife Investment Management LLC boosted its position in shares of Helix Energy Solutions Group by 2.4% in the 4th quarter. MetLife Investment Management LLC now owns 85,270 shares of the oil and gas company's stock worth $795,000 after purchasing an additional 1,995 shares during the last quarter. Pacific Global Investment Management Co. grew its position in shares of Helix Energy Solutions Group by 0.5% during the 1st quarter. Pacific Global Investment Management Co. now owns 414,733 shares of the oil and gas company's stock worth $3,446,000 after buying an additional 2,007 shares during the period. Finally, Quarry LP increased its stake in shares of Helix Energy Solutions Group by 79.8% in the 4th quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock valued at $45,000 after acquiring an additional 2,120 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company's stock.
About Helix Energy Solutions Group
(
Get Free Report)
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.
Further Reading
Before you consider Helix Energy Solutions Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Helix Energy Solutions Group wasn't on the list.
While Helix Energy Solutions Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
