Helix Energy Solutions Group, Inc. (NYSE:HLX) announced its quarterly earnings data on Sunday, July 23rd. The oil and gas company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.01, Briefing.com reports. The firm had revenue of $150.30 million during the quarter, compared to analyst estimates 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%. Helix Energy Solutions Group’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 business earned ($0.10) earnings per share.
Helix Energy Solutions Group (HLX) traded down 0.17% during mid-day trading on Friday, hitting $5.84. The stock had a trading volume of 1,190,488 shares. Helix Energy Solutions Group has a 12 month low of $4.82 and a 12 month high of $11.87. The firm’s 50-day moving average is $5.78 and its 200 day moving average is $6.62. The company’s market cap is $862.47 million.
Several research firms have recently weighed in on HLX. Zacks Investment Research cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Monday, June 26th. Morgan Stanley reiterated an “overweight” rating and set a $8.00 price objective (down previously from $15.00) on shares of Helix Energy Solutions Group in a research note on Wednesday, June 21st. Cowen and Company raised Helix Energy Solutions Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $8.00 to $10.00 in a report on Monday, June 5th. Finally, ValuEngine lowered Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Helix Energy Solutions Group presently has an average rating of “Buy” and a consensus price target of $9.96.
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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