Dimensional Fund Advisors LP has recently announced that it has increased stake in Helix Energy Solutions Group Inc (NYSE:HLX) by 4.68%. After grabbing 10.42 million shares, the institutional investor is now in possession of 0.47 million shares of the Energy Company. The new investment brought the stake of investor firm to 6.91% having worth around $102.09 million. Moreover, SSgA Funds Management, Inc. increased its share by 0.26 million to have a control over 6.66 million shares. And Millennium Management LLC raised its holdings to 1.92 million shares by acquiring 5.05 million shares or 3.35% of the stake.
Helix Energy Solutions Group Inc (HLX) concluded trading on 12/06/23 at a closing price of $8.82, with 3.55 million shares of worth about $31.35 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.15% during that period and on Wednesday the price saw a loss of about -2.00%. Currently the company’s common shares owned by public are about 151.94M shares, out of which, 141.61M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the HLX stock and their offered price forecasts bring an average price target of $15.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $17.00 and could fall to a lowest price of $12.00. The stock’s current price level is 41.2% above of average price target set by the analysts, while a rise to estimated low would result in gain of 26.5% for the stock. However, touching the estimated high of $17.00 would mean a gain of 48.12% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 55 times over the past 12 months. They bought 975,805 shares in 28 of the transactions. In 27 selling transactions, insiders dumped 829,754 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Helix Energy Solutions Group Inc iShares Core S&P Small Cap ETF is currently holding 9.54 million shares of worth totaling $93.47 million. The company recently came selling 39270.0 shares which brought its stake up to 6.33% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 13637.0 shares, after which its hold over company’s outstanding shares expand to 2.99%, leaving 4.5 million shares with the mutual fund that have a worth of about $44.11 million. iShares Russell 2000 ETF, after selling 3.34 million shares, have now control over 2.22% of the stake in the company. It holds 33571.0 shares of worth $32.73 million.
Helix Energy Solutions Group Inc (NYSE: HLX) started trading at $8.97, below -$0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 9.22, or with a loss of -2.00%. Stock saw a price change of -3.92% in past 5 days and over the past one month there was a price change of -11.53%. Year-to-date (YTD), HLX shares are showing a performance of 19.51% which increased to 42.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.76 but also hit the highest price of $11.88 during that period. The average intraday trading volume for Helix Energy Solutions Group Inc shares is 2.19 million. The stock is currently trading -5.75% below its 20-day simple moving average (SMA20), while that difference is down -12.01% for SMA50 and it goes to 1.78% higher than SMA200.
Dimensional Fund Advisors LP acquired 10.42 million shares of Helix Energy Solutions Group Inc having value of about $102.09 million. Data submitted at the U.S SEC by Dimensional Fund Advisors LP revealed that the firm now holds 0.47 million shares in the company valued at close to $4110234.66, or have control over 4.68% stake in the company. Helix Energy Solutions Group Inc (NYSE: HLX) currently have 151.94M outstanding shares and institutions hold larger chunk of about 96.76% of that. Holding of mutual funds in the company is about 46.19% while other institutional holders and individual stake holders have control over 51.16% and 13.55% of the stake respectively.
The stock has a current market capitalization of $1.33B and its 3Y-monthly beta is at 2.57. PE ratio of stock for trailing 12 months is 67.23, while it has posted earnings per share of $0.13 in the same period. It has Quick Ratio of 1.35 while making debt-to-equity ratio of 0.27. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HLX, volatility over the week remained 3.35% while standing at 3.03% over the month.
Analysts are in expectations that Helix Energy Solutions Group Inc (HLX) stock would likely to be making an EPS of $0.1 in the current quarter, while forecast for next quarter EPS is $0.06 and it is $0.63 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.08 which is $0.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 140.94% while it is estimated to increase by 180.63% in next year.
Analysts at 6 brokerage firms have issued recommendations for the Helix Energy Solutions Group Inc (HLX)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.50. Out of those 6 Wall Street analysts, 4 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BTIG Research on October 26, 2022 offering a Buy rating for the stock and assigned a target price of $10 to it.
