Equities research analysts expect Helix Energy Solutions Group Inc (NYSE:HLX) to announce earnings per share (EPS) of $0.01 for the current quarter, Zacks reports. Three analysts have provided estimates for Helix Energy Solutions Group’s earnings, with estimates ranging from ($0.01) to $0.02. Helix Energy Solutions Group reported earnings of ($0.09) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 111.1%. The business is scheduled to announce its next earnings results on Monday, February 17th.
According to Zacks, analysts expect that Helix Energy Solutions Group will report full year earnings of $0.35 per share for the current financial year, with EPS estimates ranging from $0.33 to $0.36. For the next financial year, analysts forecast that the business will report earnings of $0.39 per share, with EPS estimates ranging from $0.32 to $0.43. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Helix Energy Solutions Group.
Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Monday, October 21st. The oil and gas company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. Helix Energy Solutions Group had a net margin of 4.88% and a return on equity of 2.20%. The firm had revenue of $212.61 million for the quarter, compared to analyst estimates of $211.72 million. During the same period in the prior year, the business posted $0.18 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year.
HLX has been the topic of a number of research analyst reports. Bank of America reissued a “buy” rating and issued a $11.00 target price on shares of Helix Energy Solutions Group in a research report on Tuesday, November 12th. TheStreet upgraded Helix Energy Solutions Group from a “c+” rating to a “b-” rating in a research report on Monday, November 18th. ValuEngine cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Saturday. Johnson Rice upgraded Helix Energy Solutions Group from an “accumulate” rating to a “buy” rating in a report on Monday, November 25th. Finally, Zacks Investment Research lowered Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $10.38.
Helix Energy Solutions Group stock traded up $0.02 during trading on Wednesday, hitting $9.14. The company had a trading volume of 881,170 shares, compared to its average volume of 1,103,012. Helix Energy Solutions Group has a 1-year low of $5.05 and a 1-year high of $9.85. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The company’s 50 day simple moving average is $8.56 and its 200-day simple moving average is $8.06. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 48.11, a price-to-earnings-growth ratio of 1.04 and a beta of 2.78.
In other news, CFO Erik Staffeldt sold 17,027 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $9.50, for a total value of $161,756.50. Following the sale, the chief financial officer now directly owns 157,467 shares in the company, valued at $1,495,936.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nancy K. Quinn sold 12,677 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $9.58, for a total value of $121,445.66. Following the completion of the sale, the director now owns 104,466 shares in the company, valued at $1,000,784.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,704 shares of company stock worth $417,902. 5.45% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Helix Energy Solutions Group in the 2nd quarter valued at about $95,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Helix Energy Solutions Group during the third quarter worth about $101,000. Virtu Financial LLC purchased a new stake in shares of Helix Energy Solutions Group during the third quarter worth about $106,000. First Citizens Bank & Trust Co. grew its holdings in shares of Helix Energy Solutions Group by 11.3% during the third quarter. First Citizens Bank & Trust Co. now owns 13,504 shares of the oil and gas company’s stock worth $109,000 after buying an additional 1,373 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Helix Energy Solutions Group in the second quarter valued at approximately $115,000. Hedge funds and other institutional investors own 94.70% of the company’s stock.
About Helix Energy Solutions Group
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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