Helix Energy Solutions Group Inc (NYSE:HLX) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 9,971,752 shares, an increase of 34.7% from the February 15th total of 7,403,141 shares. Based on an average daily volume of 2,971,464 shares, the days-to-cover ratio is presently 3.4 days.
HLX has been the topic of a number of research reports. Credit Suisse Group AG set a $14.00 target price on shares of Helix Energy Solutions Group and gave the stock a “buy” rating in a report on Monday, November 21st. Zacks Investment Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a report on Monday, December 12th. Stephens upgraded shares of Helix Energy Solutions Group from an “equal weight” rating to an “overweight” rating and set a $10.00 target price on the stock in a report on Tuesday, February 28th. Finally, Johnson Rice upgraded shares of Helix Energy Solutions Group from a “hold” rating to an “accumulate” rating in a report on Wednesday, February 22nd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Helix Energy Solutions Group has a consensus rating of “Buy” and a consensus target price of $11.18.
Shares of Helix Energy Solutions Group (NYSE:HLX) opened at 7.36 on Friday. The stock has a 50 day moving average of $7.90 and a 200-day moving average of $8.71. Helix Energy Solutions Group has a 12-month low of $4.87 and a 12-month high of $11.87. The company’s market capitalization is $1.09 billion.
In other Helix Energy Solutions Group news, insider Anthony Tripodo sold 5,562 shares of the business’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $9.50, for a total value of $52,839.00. Following the sale, the insider now owns 344,993 shares in the company, valued at approximately $3,277,433.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.46% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. acquired a new stake in Helix Energy Solutions Group during the fourth quarter worth approximately $108,000. Public Employees Retirement System of Ohio boosted its stake in Helix Energy Solutions Group by 15.8% in the second quarter. Public Employees Retirement System of Ohio now owns 20,293 shares of the company’s stock worth $137,000 after buying an additional 2,762 shares during the period. South Dakota Investment Council acquired a new stake in Helix Energy Solutions Group during the third quarter worth approximately $171,000. Municipal Employees Retirement System of Michigan boosted its stake in Helix Energy Solutions Group by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 22,250 shares of the company’s stock worth $181,000 after buying an additional 380 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in Helix Energy Solutions Group by 27.5% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 26,000 shares of the company’s stock worth $229,000 after buying an additional 5,600 shares during the period. Hedge funds and other institutional investors own 71.11% of the company’s stock.
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.