Helix Energy Solutions Group (NYSE:HLX) had its price target reduced by equities researchers at Cowen from $11.00 to $10.00 in a research note issued to investors on Thursday. The brokerage currently has an “outperform” rating on the oil and gas company’s stock. Cowen’s target price indicates a potential upside of 37.93% from the stock’s current price.
HLX has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a report on Wednesday, October 31st. ValuEngine upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $9.81.
Get Helix Energy Solutions Group alerts:NYSE:HLX opened at $7.25 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.65. The company has a market cap of $1.01 billion, a P/E ratio of 38.16 and a beta of 2.82. Helix Energy Solutions Group has a fifty-two week low of $5.05 and a fifty-two week high of $10.89.
Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Monday, February 18th. The oil and gas company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). The company had revenue of $158.36 million for the quarter, compared to analysts’ expectations of $155.42 million. Helix Energy Solutions Group had a return on equity of 1.78% and a net margin of 3.87%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. As a group, equities analysts forecast that Helix Energy Solutions Group will post 0.24 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Helix Energy Solutions Group by 3,701.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,776,940 shares of the oil and gas company’s stock valued at $37,312,000 after purchasing an additional 3,677,580 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Helix Energy Solutions Group by 42.1% in the 4th quarter. Victory Capital Management Inc. now owns 9,899,519 shares of the oil and gas company’s stock valued at $53,556,000 after purchasing an additional 2,931,608 shares in the last quarter. Rothschild & Co. Asset Management US Inc. raised its holdings in shares of Helix Energy Solutions Group by 269.4% in the 3rd quarter. Rothschild & Co. Asset Management US Inc. now owns 2,848,109 shares of the oil and gas company’s stock valued at $28,139,000 after purchasing an additional 2,077,146 shares in the last quarter. Fiera Capital Corp acquired a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at $11,153,000. Finally, Systematic Financial Management LP raised its holdings in shares of Helix Energy Solutions Group by 613.6% in the 3rd quarter. Systematic Financial Management LP now owns 1,355,759 shares of the oil and gas company’s stock valued at $13,395,000 after purchasing an additional 1,165,769 shares in the last quarter. Institutional investors own 96.38% of the company’s stock.
Helix Energy Solutions Group Company Profile
Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.
Featured Story: Benefits of owning preferred stock
No comments:
Post a Comment