Helix Energy Solutions Group, Inc. (NYSE: HLX – Get a rating) – Capital One Financial analysts raised their third-quarter 2022 earnings per share estimates for Helix Energy Solutions Group in a research report released Tuesday, July 26. Capital One Financial analyst L. Lemoine now expects the oil and gas company to earn $0.12 per share for the quarter, up from his previous forecast of ($0.11) . Capital One Financial has an “outperform” rating and a price target of $6.00 on the stock. The consensus estimate for Helix Energy Solutions Group’s current annual earnings is ($0.56) per share. Capital One Financial also released estimates for Helix Energy Solutions Group Q4 2022 earnings at ($0.02) EPS, full year 2022 earnings at ($0.35) EPS, Q1 2023 earnings at 0, $0.01 EPS, Q2 2023 profit at $0.10 EPS, Q3 2023 profit at $0.10 EPS, Q4 2023 profit at $0.02 EPS and FY2023 profit at $0.23 EPS.
Helix Energy Solutions Group (NYSE: HLX – Get a rating) last released its quarterly results on Monday, July 25. The oil and gas company reported ($0.14) EPS for the quarter, beating analyst consensus estimates of ($0.16) by $0.02. Helix Energy Solutions Group posted a negative return on equity of 7.13% and a negative net margin of 17.62%. In the same quarter of the previous year, the company achieved EPS of ($0.09).
Several other brokerages have also recently released reports on HLX. Cowen raised his price target on Helix Energy Solutions Group from $6.50 to $7.50 and gave the company an “outperform” rating in a research note on Wednesday. Evercore ISI upgraded Helix Energy Solutions Group from an “in-line” rating to an “outperforming” rating and raised its price target for the company from $6.00 to $8.00 in a research note on Wednesday. StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a Friday, June 17 research note. Cowen raised his price target on Helix Energy Solutions Group from $6.50 to $7.50 in a research note on Wednesday. Finally, Piper Sandler raised its price target on Helix Energy Solutions Group from $6.30 to $7.25 and gave the company an “overweight” rating in a Monday, April 18 report. One investment analyst gave the stock a hold rating and four gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.25.
Helix Energy Solutions Group shares up 6.9%
Shares of NYSE HLX opened at $3.86 on Friday. The stock has a market capitalization of $585.37 million, a P/E ratio of -4.95 and a beta of 2.91. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt ratio of 0.16. Helix Energy Solutions Group has a 12-month low of $2.47 and a 12-month high of $5.78. The company’s 50-day simple moving average is $3.59 and its 200-day simple moving average is $4.07.
Institutional negotiation of the Helix Energy Solutions group
A number of hedge funds and other institutional investors have recently changed their positions in HLX. Pinebridge Investments LP acquired a new stake in shares of Helix Energy Solutions Group during the fourth quarter at a value of approximately $31,000. Captrust Financial Advisors increased its position in Helix Energy Solutions Group by 91.4% in Q1. Captrust Financial Advisors now owns 6,907 shares of the oil and gas company valued at $33,000 after acquiring 3,298 additional shares during the period. KBC Group NV acquired a new position in Helix Energy Solutions Group in the 2nd quarter worth approximately $37,000. Allspring Global Investments Holdings LLC acquired a new position in Helix Energy Solutions Group in Q4, valued at approximately $42,000. Finally, Commonwealth Equity Services LLC increased its position in Helix Energy Solutions Group by 54.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 17,669 shares of the oil and gas company valued at $55,000 after acquiring an additional 6,215 shares during the period. Institutional investors and hedge funds hold 86.81% of the company’s shares.
Helix Energy Solutions Group Company Profile
Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialized services to the offshore energy industry primarily in Brazil, Gulf of Mexico, North Sea, Asia-Pacific and West Africa regions . The Company operates through three segments: Well Intervention, Robotics and Production Facilities.
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