$157.65 Million in Sales Expected for Helix Energy Solutions Group, Inc. (HLX) This Quarter

Equities research analysts expect Helix Energy Solutions Group, Inc. (NYSE:HLX) to post sales of $157.65 million for the current quarter, according to Zacks. Two analysts have issued estimates for Helix Energy Solutions Group’s earnings, with estimates ranging from $157.50 million to $157.80 million. Helix Energy Solutions Group reported sales of $128.03 million in the same quarter last year, which indicates a positive year over year growth rate of 23.1%. The business is expected to announce its next earnings results on Monday, February 19th.

On average, analysts expect that Helix Energy Solutions Group will report full year sales of $157.65 million for the current year, with estimates ranging from $575.70 million to $580.67 million. For the next year, analysts forecast that the business will post sales of $712.20 million per share, with estimates ranging from $674.30 million to $736.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.02. The company had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $168.97 million. Helix Energy Solutions Group had a negative return on equity of 1.80% and a negative net margin of 13.72%. Helix Energy Solutions Group’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.10 EPS.

HLX has been the topic of a number of research reports. Piper Jaffray Companies cut Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $7.00 to $7.30 in a report on Wednesday, September 27th. Zacks Investment Research cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. BidaskClub raised Helix Energy Solutions Group from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Cowen Inc reissued a “buy” rating and set a $9.00 price objective on shares of Helix Energy Solutions Group in a report on Friday, September 1st. Finally, Capital One Financial Corporation reissued an “overweight” rating on shares of Helix Energy Solutions Group in a report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Helix Energy Solutions Group presently has an average rating of “Hold” and a consensus target price of $8.55.

Helix Energy Solutions Group (NYSE HLX) opened at $6.91 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 2.02. Helix Energy Solutions Group has a 1-year low of $4.82 and a 1-year high of $11.87.

In other Helix Energy Solutions Group news, EVP Anthony Tripodo sold 6,466 shares of Helix Energy Solutions Group stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $6.92, for a total value of $44,744.72. Following the transaction, the executive vice president now directly owns 318,937 shares of the company’s stock, valued at approximately $2,207,044.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nancy K. Quinn sold 11,268 shares of Helix Energy Solutions Group stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $7.44, for a total value of $83,833.92. Following the completion of the transaction, the director now directly owns 104,107 shares in the company, valued at $774,556.08. The disclosure for this sale can be found here. Insiders sold a total of 27,734 shares of company stock worth $196,079 over the last ninety days. Insiders own 5.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Green Square Capital LLC increased 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 purchasing an additional 359 shares during the period. Amalgamated Bank increased 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 purchasing an additional 683 shares during the period. Texas Permanent School Fund increased its stake in Helix Energy Solutions Group by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 100,257 shares of the oil and gas company’s stock worth $565,000 after purchasing an additional 833 shares during the period. Keybank National Association OH increased its stake in Helix Energy Solutions Group by 1.1% in the 2nd quarter. Keybank National Association OH now owns 155,000 shares of the oil and gas company’s stock worth $874,000 after purchasing an additional 1,620 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its stake in Helix Energy Solutions Group by 6.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 32,420 shares of the oil and gas company’s stock worth $183,000 after purchasing an additional 1,920 shares during the period. 86.31% of the stock is currently owned by institutional investors and hedge funds.

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About Helix Energy Solutions Group

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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Earnings History and Estimates for Helix Energy Solutions Group (NYSE:HLX)

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