Helix Energy Solutions Group (NYSE:HLX) Shares Gap Down to $12.53

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $12.53, but opened at $12.01. Helix Energy Solutions Group shares last traded at $12.22, with a volume of 103,224 shares trading hands.

Analyst Ratings Changes

Separately, TD Cowen increased their price target on Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th.

Helix Energy Solutions Group Trading Down 0.6 %

The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $1.90 billion, a PE ratio of -59.28 and a beta of 2.45. The business’s 50-day moving average is $11.48 and its two-hundred day moving average is $10.70.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $364.80 million for the quarter, compared to analysts’ expectations of $353.19 million. Helix Energy Solutions Group had a positive return on equity of 3.22% and a negative net margin of 2.39%. During the same quarter in the previous year, the firm earned $0.11 earnings per share. On average, analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Owen E. Kratz sold 141,879 shares of Helix Energy Solutions Group stock in a transaction on Monday, May 20th. The shares were sold at an average price of $11.83, for a total value of $1,678,428.57. Following the transaction, the chief executive officer now directly owns 7,643,646 shares of the company’s stock, valued at approximately $90,424,332.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Owen E. Kratz sold 141,879 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $11.83, for a total transaction of $1,678,428.57. Following the completion of the sale, the chief executive officer now owns 7,643,646 shares in the company, valued at $90,424,332.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Diana Glassman sold 2,864 shares of Helix Energy Solutions Group stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $10.49, for a total value of $30,043.36. Following the completion of the transaction, the director now owns 42,133 shares in the company, valued at $441,975.17. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,264 shares of company stock valued at $1,932,544. 6.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Helix Energy Solutions Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Louisiana State Employees Retirement System increased its stake in Helix Energy Solutions Group by 2.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 72,100 shares of the oil and gas company’s stock valued at $861,000 after purchasing an additional 1,900 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Helix Energy Solutions Group by 74.1% during the second quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after acquiring an additional 985,101 shares during the last quarter. Diversified Trust Co raised its position in Helix Energy Solutions Group by 4.6% during the second quarter. Diversified Trust Co now owns 48,343 shares of the oil and gas company’s stock worth $577,000 after acquiring an additional 2,125 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Helix Energy Solutions Group in the second quarter valued at approximately $411,000. Finally, CWM LLC increased its stake in shares of Helix Energy Solutions Group by 10.4% during the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 850 shares in the last quarter. 91.33% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Company Profile

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.