Helix Energy Solutions Group (NYSE:HLX) Trading Up 5.8%

Helix Energy Solutions Group Inc (NYSE:HLX) was up 5.8% during trading on Wednesday . The company traded as high as $8.92 and last traded at $8.70, approximately 942,100 shares traded hands during trading. A decline of 15% from the average daily volume of 1,104,450 shares. The stock had previously closed at $8.22.

A number of equities research analysts recently commented on HLX shares. Bank of America restated a “buy” rating and set a $11.00 price target on shares of Helix Energy Solutions Group in a research report on Tuesday, November 12th. Zacks Investment Research lowered Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. TheStreet upgraded Helix Energy Solutions Group from a “c+” rating to a “b-” rating in a research report on Monday, November 18th. ValuEngine upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, Johnson Rice upgraded Helix Energy Solutions Group from an “accumulate” rating to a “buy” rating in a research report on Monday, November 25th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $10.38.

The stock has a market capitalization of $1.24 billion, a P/E ratio of 45.79, a price-to-earnings-growth ratio of 0.95 and a beta of 2.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a 50-day simple moving average of $8.55 and a 200 day simple moving average of $8.05.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Monday, October 21st. The oil and gas company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.05. The firm had revenue of $212.61 million for the quarter, compared to analyst estimates of $211.72 million. Helix Energy Solutions Group had a return on equity of 2.20% and a net margin of 4.88%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company earned $0.18 EPS. Equities analysts predict that Helix Energy Solutions Group Inc will post 0.35 earnings per share for the current year.

In other Helix Energy Solutions Group news, Director Nancy K. Quinn sold 12,677 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $9.58, for a total value of $121,445.66. Following the transaction, the director now directly owns 104,466 shares in the company, valued at approximately $1,000,784.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Erik Staffeldt sold 17,027 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $9.50, for a total value of $161,756.50. Following the completion of the transaction, the chief financial officer now owns 157,467 shares in the company, valued at $1,495,936.50. The disclosure for this sale can be found here. Insiders sold a total of 44,704 shares of company stock worth $417,902 over the last quarter. Corporate insiders own 5.45% of the company’s stock.

Several large investors have recently bought and sold shares of HLX. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Helix Energy Solutions Group in the 2nd quarter worth $95,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Helix Energy Solutions Group in the 3rd quarter worth $101,000. Virtu Financial LLC bought a new position in shares of Helix Energy Solutions Group in the 3rd quarter worth $106,000. First Citizens Bank & Trust Co. boosted its position in shares of Helix Energy Solutions Group by 11.3% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 13,504 shares of the oil and gas company’s stock worth $109,000 after purchasing an additional 1,373 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Helix Energy Solutions Group in the 2nd quarter worth $115,000. Institutional investors and hedge funds own 94.69% 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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