Todays Report: The Helix Energy Solutions Group Inc. (HLX) Set to Announce Earnings on Wednesday

The Helix Energy Solutions Group Inc. (HLX) Set to Announce Earnings on Wednesday

Helix Energy Solutions Group Inc. (NYSE:HLX) is scheduled to release its Q316 earnings data on Wednesday, October 19th. Analysts expect Helix Energy Solutions Group to post earnings of $0.03 per share and revenue of $155.41 million for the quarter.

Shares of Helix Energy Solutions Group Inc. (NYSE:HLX) opened at 9.42 on Tuesday. The company’s market capitalization is $1.06 billion. The company has a 50-day moving average price of $7.92 and a 200 day moving average price of $7.54. Helix Energy Solutions Group Inc. has a 12-month low of $2.60 and a 12-month high of $9.70.

A number of equities analysts recently issued reports on the company. Clarkson Capital upgraded 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 price objective for the company. Zacks Investment Research upgraded Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a report on Tuesday, September 20th. Simmons set a $10.00 price objective on Helix Energy Solutions Group and gave the company a “buy” rating in a report on Thursday, July 21st. Finally, Credit Suisse Group AG restated a “buy” rating and set a $10.00 price objective on shares of Helix Energy Solutions Group in a report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $9.25.

Several large investors have recently modified their holdings of HLX. Vanguard Group Inc. boosted its stake in shares of Helix Energy Solutions Group by 2.3% in the second quarter. Vanguard Group Inc. now owns 8,249,462 shares of the company’s stock worth $55,766,000 after buying an additional 187,627 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Helix Energy Solutions Group by 0.3% in the second quarter. BlackRock Fund Advisors now owns 6,833,143 shares of the company’s stock worth $46,192,000 after buying an additional 23,771 shares during the period. FMR LLC boosted its stake in shares of 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. State Street Corp boosted its stake in shares of Helix Energy Solutions Group by 11.5% in the second quarter. State Street Corp now owns 2,801,866 shares of the company’s stock worth $18,941,000 after buying an additional 288,430 shares during the period. Finally, State of Wisconsin Investment Board boosted its stake in shares of Helix Energy Solutions Group by 128.9% in the second quarter. State of Wisconsin Investment Board now owns 1,251,073 shares of the company’s stock worth $8,457,000 after buying an additional 704,600 shares during the period. Hedge funds and other institutional investors own 86.48% of the company’s stock.

About Helix Energy Solutions Group

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