Helix Energy Solutions Group (NYSE:HLX) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Helix Energy Solutions Group (NYSE:HLX) issued its quarterly earnings data on Wednesday. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02, RTT News reports. Helix Energy Solutions Group had a positive return on equity of 4.35% and a negative net margin of 0.49%. During the same quarter last year, the business earned $0.19 EPS.

Helix Energy Solutions Group Stock Performance

Shares of HLX traded down $0.28 during mid-day trading on Thursday, hitting $9.25. The stock had a trading volume of 3,974,851 shares, compared to its average volume of 1,828,375. The company has a market cap of $1.41 billion, a PE ratio of -44.02 and a beta of 2.41. The company’s fifty day simple moving average is $10.41 and its two-hundred day simple moving average is $10.99. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. Helix Energy Solutions Group has a fifty-two week low of $8.82 and a fifty-two week high of $13.05.

Insider Buying and Selling

In other news, CEO Owen E. Kratz sold 298,419 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the completion of the transaction, the chief executive officer now directly owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday. Raymond James initiated coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 target price for the company.

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.