TD Cowen Cuts Helix Energy Solutions Group (NYSE:HLX) Price Target to $15.00

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) had its target price lowered by research analysts at TD Cowen from $16.00 to $15.00 in a report released on Friday, Benzinga reports. The firm presently has a "buy" rating on the oil and gas company's stock. TD Cowen's target price points to a potential upside of 60.34% from the company's current price.

Other research analysts have also recently issued reports about the stock. BTIG Research cut 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 issued a "strong-buy" rating and a $14.00 price target on the stock.

Helix Energy Solutions Group Price Performance

NYSE:HLX traded up $0.11 during mid-day trading on Friday, hitting $9.36. 2,485,130 shares of the stock traded hands, compared to its average volume of 1,831,553. The business's 50-day moving average price is $10.38 and its 200 day moving average price is $10.97. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.43 billion, a PE ratio of -44.55 and a beta of 2.41. Helix Energy Solutions Group has a 12-month low of $8.82 and a 12-month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $342.42 million during the quarter, compared to analyst estimates of $354.74 million. Helix Energy Solutions Group had a positive return on equity of 4.35% and a negative net margin of 0.49%. During the same quarter last year, the company earned $0.19 earnings per share. On average, analysts expect 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 Helix Energy Solutions Group stock in a transaction that occurred on Thursday, October 3rd. The shares were 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 directly owns 7,171,860 shares of the company's stock, valued at approximately $85,488,571.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC raised its position in Helix Energy Solutions Group by 10.4% during the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company's stock valued at $108,000 after purchasing an additional 850 shares during the last quarter. Diversified Trust Co increased its stake in shares of Helix Energy Solutions Group by 2.1% during the third quarter. Diversified Trust Co now owns 49,348 shares of the oil and gas company's stock valued at $548,000 after buying an additional 1,005 shares during the period. Arizona State Retirement System raised its holdings in shares of Helix Energy Solutions Group by 3.0% during the second quarter. Arizona State Retirement System now owns 40,535 shares of the oil and gas company's stock valued at $484,000 after acquiring an additional 1,187 shares in the last quarter. GAMMA Investing LLC lifted its stake in Helix Energy Solutions Group by 24.0% in the second quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company's stock worth $76,000 after acquiring an additional 1,236 shares during the period. Finally, Bleakley Financial Group LLC boosted its holdings in Helix Energy Solutions Group by 10.2% in the first quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company's stock valued at $163,000 after acquiring an additional 1,391 shares in the last quarter. 91.33% of the stock is owned by institutional investors.

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.