Helix Energy Solutions Group, Inc. (NYSE:HLX) Director Nancy K. Quinn sold 11,268 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $7.44, for a total transaction of $83,833.92. Following the transaction, the director now directly owns 104,107 shares of the company’s stock, valued at $774,556.08. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) opened at $6.50 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.26. Helix Energy Solutions Group, Inc. has a 12 month low of $4.82 and a 12 month high of $11.87.
Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Monday, October 23rd. The oil and gas company reported $0.02 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. The firm had revenue of $163.30 million during the quarter, compared to analysts’ expectations of $168.97 million. Helix Energy Solutions Group had a negative net margin of 13.72% and a negative return on equity of 1.80%. Helix Energy Solutions Group’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 EPS. research analysts expect that Helix Energy Solutions Group, Inc. will post -0.13 EPS for the current fiscal year.
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HLX has been the subject of a number of recent research reports. Cowen and Company set a $9.00 price objective on shares of Helix Energy Solutions Group and gave the stock a “buy” rating in a research note on Friday, October 6th. Zacks Investment Research raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Piper Jaffray Companies reissued a “hold” rating on shares of Helix Energy Solutions Group in a research note on Friday, October 27th. Bank of America Corporation initiated coverage on shares of Helix Energy Solutions Group in a research note on Tuesday, September 5th. They set a “neutral” rating and a $7.00 price objective for the company. Finally, Capital One Financial Corporation reissued an “overweight” rating on shares of Helix Energy Solutions Group in a research note on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.33.
A number of hedge funds have recently added to or reduced their stakes in HLX. Amalgamated Bank grew its stake in Helix Energy Solutions Group by 3.8% in the 2nd quarter. Amalgamated Bank now owns 18,427 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 683 shares during the period. Jane Street Group LLC purchased a new stake in Helix Energy Solutions Group in the 3rd quarter worth approximately $118,000. Green Square Capital LLC grew its stake in Helix Energy Solutions Group by 1.7% in the 2nd quarter. Green Square Capital LLC now owns 21,392 shares of the oil and gas company’s stock worth $121,000 after acquiring an additional 359 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Helix Energy Solutions Group in the 1st quarter valued at $129,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Helix Energy Solutions Group in the 2nd quarter valued at $151,000. 87.13% of the stock is owned by hedge funds and other institutional investors.
Helix Energy Solutions Group Company Profile
Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.
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