Trade Report: The Helix Energy Solutions Group Inc. to Post Q3 2016 Earnings of $0.03 Per Share, DA Davidson Forecasts (HLX)

The Helix Energy Solutions Group Inc. to Post Q3 2016 Earnings of $0.03 Per Share, DA Davidson Forecasts (HLX)

Helix Energy Solutions Group Inc. (NYSE:HLX) – Equities research analysts at DA Davidson issued their Q3 2016 earnings per share estimates for shares of Helix Energy Solutions Group in a report issued on Wednesday. DA Davidson analyst S. Randhawa expects that the firm will earn $0.03 per share for the quarter. DA Davidson currently has a “Buy” rating and a $12.00 target price on the stock. DA Davidson also issued estimates for Helix Energy Solutions Group’s Q4 2016 earnings at ($0.01) EPS, FY2016 earnings at ($0.34) EPS, Q1 2017 earnings at ($0.07) EPS, Q2 2017 earnings at ($0.05) EPS, Q3 2017 earnings at $0.03 EPS, Q4 2017 earnings at $0.02 EPS, FY2017 earnings at ($0.08) EPS and FY2018 earnings at $0.31 EPS.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Tuesday, July 19th. The company reported ($0.10) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.10). Helix Energy Solutions Group had a negative net margin of 80.32% and a negative return on equity of 2.49%. During the same quarter in the previous year, the business posted ($0.03) earnings per share.

Other equities research analysts also recently issued research reports about the stock. Clarkson Capital raised shares of Helix Energy Solutions Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 26th. Simmons reaffirmed a “buy” rating and set a $9.10 price objective (up previously from $8.00) on shares of Helix Energy Solutions Group in a research report on Tuesday, June 21st. Credit Suisse Group AG reaffirmed a “buy” rating and set a $10.00 price objective on shares of Helix Energy Solutions Group in a research report on Wednesday, July 20th. Iberia Capital raised shares of Helix Energy Solutions Group to an “outperform” rating in a research note on Friday, August 19th. Finally, Zacks Investment Research raised shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research note on Tuesday, September 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $9.25.

Helix Energy Solutions Group (NYSE:HLX) opened at 9.16 on Monday. The stock’s 50 day moving average is $7.65 and its 200-day moving average is $7.36. The stock’s market capitalization is $1.03 billion. Helix Energy Solutions Group has a 52 week low of $2.60 and a 52 week high of $9.62.

Several hedge funds have recently modified their holdings of HLX. Aperio Group LLC raised its stake in shares of Helix Energy Solutions Group by 21.3% in the first quarter. Aperio Group LLC now owns 66,081 shares of the company’s stock worth $370,000 after buying an additional 11,582 shares in the last quarter. Franklin Resources Inc. raised its stake in Helix Energy Solutions Group by 18.8% in the first quarter. Franklin Resources Inc. now owns 2,103,650 shares of the company’s stock valued at $11,780,000 after buying an additional 332,600 shares in the last quarter. BlackRock Fund Advisors raised its stake in Helix Energy Solutions Group by 1.7% in the first quarter. BlackRock Fund Advisors now owns 6,809,372 shares of the company’s stock valued at $38,132,000 after buying an additional 116,314 shares in the last quarter. Palisade Capital Management LLC NJ acquired a new stake in Helix Energy Solutions Group during the first quarter valued at approximately $517,000. Finally, Royce & Associates LP acquired a new stake in Helix Energy Solutions Group during the first quarter valued at approximately $154,000. 86.49% of the stock is owned by institutional investors.

About Helix Energy Solutions Group

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