Helix Energy Solutions Group (NYSE:HLX) Downgraded to Outperform Rating by Raymond James

Raymond James cut shares of Helix Energy Solutions Group (NYSE:HLX) from a strong-buy rating to an outperform rating in a research note released on Friday morning, MarketBeat reports. Raymond James currently has $10.00 price target on the oil and gas company’s stock, down from their prior price target of $14.00.

Helix Energy Solutions Group Stock Down 4.4 %

Shares of HLX opened at $6.29 on Friday. Helix Energy Solutions Group has a 52 week low of $5.66 and a 52 week high of $13.05. The firm has a market capitalization of $953.12 million, a P/E ratio of 157.29 and a beta of 1.91. The company has a 50-day simple moving average of $7.62 and a 200-day simple moving average of $8.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.07. The company had revenue of $278.06 million during the quarter, compared to the consensus estimate 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, equities research analysts expect that Helix Energy Solutions Group will post 0.26 earnings per share for the current year.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. bought a new position in shares of Helix Energy Solutions Group during the 4th quarter worth about $34,000. Smartleaf Asset Management LLC raised its position in Helix Energy Solutions Group by 143.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 2,902 shares in the last quarter. Quarry LP lifted its stake in Helix Energy Solutions Group by 79.8% during the fourth quarter. Quarry LP now owns 4,776 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 2,120 shares during the period. KBC Group NV boosted its holdings in Helix Energy Solutions Group by 61.8% during the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock valued at $85,000 after purchasing an additional 3,491 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at approximately $93,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

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.