Todays Report: The Q4 2016 EPS Estimates for Helix Energy Solutions Group Inc. Upgraded by Analyst (HLX)

The Q4 2016 EPS Estimates for Helix Energy Solutions Group Inc. Upgraded by Analyst (HLX)

Helix Energy Solutions Group Inc. (NYSE:HLX) – Equities researchers at Capital One Financial Corp. boosted their Q4 2016 earnings estimates for shares of Helix Energy Solutions Group in a research note issued to investors on Thursday. Capital One Financial Corp. analyst J. Gibney now anticipates that the firm will post earnings per share of $0.00 for the quarter, up from their previous forecast of ($0.03). Capital One Financial Corp. also issued estimates for Helix Energy Solutions Group’s Q4 2017 earnings at $0.06 EPS, FY2017 earnings at ($0.15) EPS and FY2018 earnings at $0.37 EPS.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, October 19th. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.07. The firm earned $161.25 million during the quarter, compared to analysts’ expectations of $155.41 million. Helix Energy Solutions Group had a negative return on equity of 2.53% and a negative net margin of 83.31%. Helix Energy Solutions Group’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 EPS.

HLX has been the subject of several other reports. Clarkson Capital raised Helix Energy Solutions Group from a “neutral” rating to a “buy” rating in a report on Tuesday, July 26th. DA Davidson assumed coverage on Helix Energy Solutions Group in a report on Wednesday, October 5th. They set a “buy” rating and a $12.00 target price for the company. Zacks Investment Research raised Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a report on Tuesday, September 20th. Simmons set a $10.00 target price on Helix Energy Solutions Group and gave the company a “buy” rating in a report on Thursday, July 21st. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $10.00 target price on shares of Helix Energy Solutions Group in a report on Wednesday, July 20th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $9.18.

Helix Energy Solutions Group (NYSE:HLX) opened at 9.00 on Monday. Helix Energy Solutions Group has a 12-month low of $2.60 and a 12-month high of $10.96. The stock’s market cap is $1.08 billion. The firm has a 50-day moving average price of $8.45 and a 200-day moving average price of $7.79.

Several large investors have recently bought and sold shares of HLX. GMT Capital Corp purchased a new stake in Helix Energy Solutions Group during the second quarter worth $10,156,000. FMR LLC increased its stake in Helix Energy Solutions Group by 105.3% in the second quarter. FMR LLC now owns 2,808,221 shares of the company’s stock worth $18,983,000 after buying an additional 1,440,071 shares during the period. Public Employees Retirement Association of Colorado increased its stake in Helix Energy Solutions Group by 582.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,190,655 shares of the company’s stock worth $8,049,000 after buying an additional 1,016,200 shares during the period. Key Group Holdings Cayman LTD. increased its stake in Helix Energy Solutions Group by 1,733.3% in the second quarter. Key Group Holdings Cayman LTD. now owns 1,019,300 shares of the company’s stock worth $6,890,000 after buying an additional 963,700 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Helix Energy Solutions Group by 11.7% in the second quarter. Dimensional Fund Advisors LP now owns 9,005,900 shares of the company’s stock worth $60,879,000 after buying an additional 945,610 shares during the period. 86.85% of the stock is owned by institutional investors.

About Helix Energy Solutions Group

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