Helix Energy Solutions Group, Inc. (NYSE:HLX) - Investment analysts at Capital One Financial Corporation lifted their Q3 2017 earnings estimates for shares of Helix Energy Solutions Group in a note issued to investors on Tuesday. Capital One Financial Corporation analyst J. Gibney now forecasts that the oil and gas company will earn $0.05 per share for the quarter, up from their prior forecast of $0.03. Capital One Financial Corporation also issued estimates for Helix Energy Solutions Group’s Q2 2018 earnings at $0.00 EPS and Q4 2018 earnings at $0.06 EPS.
A number of other equities research analysts have also recently issued reports on the stock. Cowen and Company reissued an “outperform” rating and issued a $9.00 price target (down previously from $10.00) on shares of Helix Energy Solutions Group in a research note on Tuesday. Zacks Investment Research cut shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Monday, June 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $8.00 target price (down previously from $15.00) on shares of Helix Energy Solutions Group in a research note on Wednesday, June 21st. ValuEngine cut shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Tudor Pickering raised shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a research note on Monday, April 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Helix Energy Solutions Group currently has a consensus rating of “Buy” and a consensus target price of $9.96.
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Helix Energy Solutions Group (NYSE HLX) opened at 6.04 on Wednesday. The company’s 50 day moving average is $5.52 and its 200-day moving average is $6.80. The company’s market cap is $881.48 million. Helix Energy Solutions Group has a 12 month low of $4.82 and a 12 month high of $11.87.
Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Sunday, July 23rd. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $150.30 million during the quarter, compared to the consensus estimate of $141.03 million. Helix Energy Solutions Group had a negative return on equity of 1.21% and a negative net margin of 12.09%. The business’s revenue for the quarter was up 40.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.10) earnings per share.
A number of hedge funds have recently modified their holdings of HLX. State Board of Administration of Florida Retirement System raised its stake in shares of Helix Energy Solutions Group by 3.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 90,811 shares of the oil and gas company’s stock worth $801,000 after buying an additional 2,724 shares during the period. FMR LLC raised its stake in shares of Helix Energy Solutions Group by 44.4% in the fourth quarter. FMR LLC now owns 2,700,198 shares of the oil and gas company’s stock worth $23,816,000 after buying an additional 829,748 shares during the period. AQR Capital Management LLC raised its stake in shares of Helix Energy Solutions Group by 140.6% in the fourth quarter. AQR Capital Management LLC now owns 172,114 shares of the oil and gas company’s stock worth $1,518,000 after buying an additional 100,566 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in shares of Helix Energy Solutions Group by 27.5% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 26,000 shares of the oil and gas company’s stock worth $229,000 after buying an additional 5,600 shares during the period. Finally, Norges Bank acquired a new stake in shares of Helix Energy Solutions Group during the fourth quarter worth about $9,047,000. Institutional investors own 89.12% of the company’s stock.
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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