Helix Energy Solutions Group (NYSE:HLX) Releases Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Helix Energy Solutions Group (NYSE:HLX) posted its quarterly earnings results on Monday. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.18, Zacks reports. Helix Energy Solutions Group had a net margin of 3.25% and a return on equity of 2.75%.

Helix Energy Solutions Group Price Performance

Shares of Helix Energy Solutions Group stock traded up $0.14 during midday trading on Monday, reaching $9.08. The company had a trading volume of 1,739,367 shares, compared to its average volume of 1,920,926. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $7.39 and a 200 day simple moving average of $6.83. Helix Energy Solutions Group has a 1-year low of $5.52 and a 1-year high of $9.27. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 32.43 and a beta of 1.25.

Institutional Investors Weigh In On Helix Energy Solutions Group

Several hedge funds and other institutional investors have recently made changes to their positions in HLX. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Helix Energy Solutions Group by 6,589.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 22,676 shares of the oil and gas company’s stock valued at $142,000 after purchasing an additional 22,337 shares during the period. Envestnet Asset Management Inc. bought a new stake in Helix Energy Solutions Group in the third quarter valued at about $129,000. Brooklyn Investment Group increased its holdings in Helix Energy Solutions Group by 510.8% in the third quarter. Brooklyn Investment Group now owns 16,882 shares of the oil and gas company’s stock valued at $111,000 after purchasing an additional 14,118 shares during the last quarter. Jump Financial LLC acquired a new position in Helix Energy Solutions Group in the second quarter valued at about $99,000. Finally, CIBC Bancorp USA Inc. bought a new position in Helix Energy Solutions Group during the third quarter worth about $97,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on HLX shares. Weiss Ratings restated a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research report on Monday, December 29th. Zacks Research raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Helix Energy Solutions Group presently has an average rating of “Moderate Buy” and an average price target of $10.50.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.