Helix Energy Solutions Group (NYSE:HLX) Posts Earnings Results, Misses Estimates By $0.05 EPS

Helix Energy Solutions Group (NYSE:HLX) issued its quarterly earnings data on Wednesday. The oil and gas company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05), reports. The company had revenue of $296.21 million for the quarter, compared to analyst estimates of $303.00 million. Helix Energy Solutions Group had a negative net margin of 2.39% and a positive return on equity of 3.20%.

Helix Energy Solutions Group Stock Performance

Shares of NYSE HLX opened at $11.17 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -53.81 and a beta of 2.50. The business’s 50-day simple moving average is $10.45 and its 200-day simple moving average is $10.02. Helix Energy Solutions Group has a 52 week low of $6.18 and a 52 week high of $12.14.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI bought a new stake in Helix Energy Solutions Group during the 3rd quarter valued at approximately $66,000. SG Americas Securities LLC bought a new stake in Helix Energy Solutions Group during the 3rd quarter valued at approximately $937,000. Counterpoint Mutual Funds LLC bought a new stake in Helix Energy Solutions Group during the 3rd quarter valued at approximately $109,000. Raymond James & Associates bought a new stake in Helix Energy Solutions Group during the 3rd quarter valued at approximately $180,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Helix Energy Solutions Group during the 3rd quarter valued at approximately $114,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.