Home Energy services Third Quarter 2022 EPS Estimates for Helix Energy Solutions Group, Inc. Raised by Analyst (NYSE:HLX)

Third Quarter 2022 EPS Estimates for Helix Energy Solutions Group, Inc. Raised by Analyst (NYSE:HLX)

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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).

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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

(Get a rating)

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.

See also

Earnings history and estimates for Helix Energy Solutions Group (NYSE:HLX)

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