Helix Energy Solutions Group (HLX) Shares Gap Down to $10.18

Helix Energy Solutions Group Inc (NYSE:HLX)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $10.39, but opened at $10.18. Helix Energy Solutions Group shares last traded at $9.84, with a volume of 2006944 shares.

A number of brokerages have recently weighed in on HLX. Zacks Investment Research lowered Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 26th. ValuEngine upgraded Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $9.60.

The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -66.80 and a beta of 2.56. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.26.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Monday, July 23rd. The oil and gas company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.05. Helix Energy Solutions Group had a return on equity of 1.05% and a net margin of 9.79%. The business had revenue of $204.63 million for the quarter, compared to analyst estimates of $183.54 million. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. The company’s revenue was up 36.1% on a year-over-year basis. Analysts forecast that Helix Energy Solutions Group Inc will post 0.19 earnings per share for the current fiscal year.

In related news, CEO Owen E. Kratz sold 653,468 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $9.74, for a total value of $6,364,778.32. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Alisa B. Johnson sold 15,244 shares of the company’s stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $9.85, for a total value of $150,153.40. Following the completion of the sale, the vice president now owns 285,480 shares in the company, valued at approximately $2,811,978. The disclosure for this sale can be found here. Insiders have sold 1,123,584 shares of company stock worth $11,027,016 in the last 90 days. Insiders own 5.85% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aperio Group LLC boosted its position in Helix Energy Solutions Group by 24.4% in the second quarter. Aperio Group LLC now owns 100,777 shares of the oil and gas company’s stock valued at $839,000 after buying an additional 19,799 shares during the last quarter. Rothschild Asset Management Inc. boosted its position in Helix Energy Solutions Group by 160.4% in the second quarter. Rothschild Asset Management Inc. now owns 770,963 shares of the oil and gas company’s stock valued at $6,422,000 after buying an additional 474,918 shares during the last quarter. Principal Financial Group Inc. boosted its position in Helix Energy Solutions Group by 2.8% in the first quarter. Principal Financial Group Inc. now owns 1,092,329 shares of the oil and gas company’s stock valued at $6,324,000 after buying an additional 29,338 shares during the last quarter. BlackRock Inc. boosted its position in Helix Energy Solutions Group by 6.2% in the second quarter. BlackRock Inc. now owns 19,667,937 shares of the oil and gas company’s stock valued at $163,833,000 after buying an additional 1,156,169 shares during the last quarter. Finally, Capital One National Association purchased a new stake in Helix Energy Solutions Group in the second quarter valued at approximately $1,350,000. Hedge funds and other institutional investors own 89.47% of the company’s stock.

Helix Energy Solutions Group Company Profile (NYSE:HLX)

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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