Helix Energy Solutions Group (NYSE:HLX) Posts Earnings Results, Beats Expectations By $0.03 EPS

Helix Energy Solutions Group (NYSE:HLX) issued its quarterly earnings results on Wednesday. The oil and gas company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03, Zacks reports. The company had revenue of $364.80 million during the quarter, compared to the consensus estimate of $353.19 million. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. During the same quarter in the prior year, the firm posted $0.11 EPS.

Helix Energy Solutions Group Trading Up 0.4 %

NYSE HLX traded up $0.05 on Friday, hitting $12.59. The company’s stock had a trading volume of 1,298,177 shares, compared to its average volume of 1,775,616. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.21. Helix Energy Solutions Group has a 1-year low of $8.82 and a 1-year high of $13.05. The company’s 50-day moving average is $11.49 and its 200 day moving average is $10.72. The firm has a market cap of $1.92 billion, a PE ratio of -60.33 and a beta of 2.45.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Helix Energy Solutions Group

In related news, COO Scott Andrew Sparks sold 12,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $11.44, for a total transaction of $137,280.00. Following the transaction, the chief operating officer now directly owns 282,634 shares of the company’s stock, valued at $3,233,332.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 12,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $11.44, for a total value of $137,280.00. Following the transaction, the chief operating officer now directly owns 282,634 shares of the company’s stock, valued at $3,233,332.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Owen E. Kratz sold 141,879 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 7,643,646 shares in the company, valued at $90,424,332.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,264 shares of company stock worth $1,932,544. 6.37% of the stock is currently owned by company insiders.

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.