Helix Energy Solutions Group (HLX) Shares Gap Down to $10.18

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Helix Energy Solutions Group Inc (NYSE:HLX) shares gapped down prior to trading on Thursday . The stock had previously closed at $10.39, but opened at $10.18. Helix Energy Solutions Group shares last traded at $9.84, with a volume of 2006944 shares changing hands.

Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 26th. ValuEngine raised shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Helix Energy Solutions Group has a consensus rating of “Buy” and a consensus price target of $9.60.

The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.46 billion, a P/E ratio of -66.80 and a beta of 2.56.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Monday, July 23rd. The oil and gas company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05. The company had revenue of $204.63 million during the quarter, compared to analyst estimates of $183.54 million. Helix Energy Solutions Group had a net margin of 9.79% and a return on equity of 1.05%. Helix Energy Solutions Group’s quarterly revenue was up 36.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.03) earnings per share. On average, analysts predict that Helix Energy Solutions Group Inc will post 0.19 EPS for the current fiscal year.

In other news, VP Alisa B. Johnson sold 15,244 shares of Helix Energy Solutions Group stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $9.85, for a total transaction of $150,153.40. Following the completion of the sale, the vice president now directly owns 285,480 shares in the company, valued at $2,811,978. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Owen E. Kratz sold 110,000 shares of Helix Energy Solutions Group stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $9.61, for a total value of $1,057,100.00. The disclosure for this sale can be found here. Insiders have sold 1,123,584 shares of company stock valued at $11,027,016 over the last ninety days. 5.85% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in HLX. Hilltop Holdings Inc. bought a new stake in shares of Helix Energy Solutions Group in the second quarter valued at about $100,000. Tower Research Capital LLC TRC raised its holdings in shares of Helix Energy Solutions Group by 297.2% in the second quarter. Tower Research Capital LLC TRC now owns 15,888 shares of the oil and gas company’s stock valued at $132,000 after acquiring an additional 11,888 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Helix Energy Solutions Group in the second quarter valued at about $167,000. Laurion Capital Management LP bought a new stake in shares of Helix Energy Solutions Group in the second quarter valued at about $189,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Helix Energy Solutions Group in the first quarter valued at about $226,000. Institutional investors and hedge funds own 89.47% of the company’s stock.

About Helix Energy Solutions Group (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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