Helix Energy Solutions Group (NYSE:HLX) released its earnings results on Monday. The oil and gas company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01), Briefing.com reports. The firm had revenue of $158.36 million during the quarter, compared to analyst estimates of $155.42 million. Helix Energy Solutions Group had a return on equity of 2.59% and a net margin of 12.48%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share.
Shares of NYSE:HLX traded up $0.11 on Wednesday, reaching $6.94. 23,461 shares of the company traded hands, compared to its average volume of 811,139. Helix Energy Solutions Group has a fifty-two week low of $5.05 and a fifty-two week high of $10.89. The company has a market capitalization of $1.09 billion, a PE ratio of -46.30 and a beta of 2.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.65 and a current ratio of 2.65.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a research report on Wednesday, October 31st. ValuEngine upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Helix Energy Solutions Group presently has a consensus rating of “Buy” and a consensus target price of $10.31.
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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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