Helix Energy Solutions Group (NYSE:HLX) received a $7.00 price objective from research analysts at Piper Jaffray Companies in a report released on Monday. The firm currently has a “hold” rating on the oil and gas company’s stock. Piper Jaffray Companies’ price target would indicate a potential downside of 8.62% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Bank of America initiated coverage on Helix Energy Solutions Group in a research note on Tuesday, September 5th. They set a “neutral” rating and a $7.00 target price for the company. Cowen reissued a “buy” rating and set a $9.00 target price on shares of Helix Energy Solutions Group in a research note on Friday, September 1st. Zacks Investment Research downgraded Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Finally, Capital One Financial reissued an “overweight” rating on shares of Helix Energy Solutions Group in a research note on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Helix Energy Solutions Group has an average rating of “Hold” and a consensus target price of $8.50.

Shares of Helix Energy Solutions Group (NYSE:HLX) opened at $7.66 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 2.02. The company has a market capitalization of $1,130.00, a P/E ratio of -12.77 and a beta of 2.60. Helix Energy Solutions Group has a one year low of $4.82 and a one year high of $9.82.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Monday, October 23rd. The oil and gas company reported $0.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The firm had revenue of $163.30 million during the quarter, compared to the consensus estimate of $168.97 million. Helix Energy Solutions Group had a negative return on equity of 1.80% and a negative net margin of 13.72%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. equities research analysts predict that Helix Energy Solutions Group will post -0.14 earnings per share for the current year.

In related news, EVP Anthony Tripodo sold 6,466 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $6.92, for a total value of $44,744.72. Following the completion of the transaction, the executive vice president now directly owns 318,937 shares of the company’s stock, valued at approximately $2,207,044.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Scott Andrew Sparks sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $6.75, for a total value of $67,500.00. Following the completion of the transaction, the chief operating officer now directly owns 151,530 shares of the company’s stock, valued at $1,022,827.50. The disclosure for this sale can be found here. Insiders sold a total of 27,734 shares of company stock valued at $196,079 over the last ninety days. 5.70% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP increased its stake in Helix Energy Solutions Group by 459.3% in the 3rd quarter. GSA Capital Partners LLP now owns 150,026 shares of the oil and gas company’s stock valued at $1,109,000 after purchasing an additional 123,202 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in Helix Energy Solutions Group by 151.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 37,611 shares of the oil and gas company’s stock valued at $278,000 after buying an additional 22,670 shares during the last quarter. Jane Street Group LLC acquired a new stake in Helix Energy Solutions Group during the 3rd quarter valued at $118,000. Vident Investment Advisory LLC grew its holdings in Helix Energy Solutions Group by 63.0% during the 3rd quarter. Vident Investment Advisory LLC now owns 2,030,104 shares of the oil and gas company’s stock valued at $15,002,000 after buying an additional 784,281 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in Helix Energy Solutions Group by 16.8% during the 3rd quarter. Royce & Associates LP now owns 373,976 shares of the oil and gas company’s stock valued at $2,764,000 after buying an additional 53,800 shares during the last quarter. 85.92% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Helix Energy Solutions Group (NYSE:HLX)

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