Diana Glassman Sells 16,000 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) Stock

Helix Energy Solutions Group, Inc. (NYSE:HLX) Director Diana Glassman sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total value of $159,040.00. Following the completion of the sale, the director now directly owns 26,133 shares in the company, valued at approximately $259,762.02. This represents a 37.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Helix Energy Solutions Group Trading Down 4.2 %

Helix Energy Solutions Group stock opened at $9.23 on Friday. The business has a 50 day moving average price of $10.19 and a two-hundred day moving average price of $10.71. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 12 month low of $8.91 and a 12 month high of $13.05. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 230.81 and a beta of 2.45.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The business had revenue of $342.42 million during the quarter, compared to analyst estimates of $354.74 million. During the same period in the prior year, the company posted $0.19 earnings per share. As a group, equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HLX shares. StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. Raymond James initiated coverage on Helix Energy Solutions Group in a research report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price objective for the company. TD Cowen dropped their target price on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, BTIG Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th.

Hedge Funds Weigh In On Helix Energy Solutions Group

A number of hedge funds and other institutional investors have recently made changes to their positions in HLX. CWM LLC raised its position in Helix Energy Solutions Group by 10.4% in the second 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. Diversified Trust Co raised its holdings in shares of Helix Energy Solutions Group by 2.1% in the 3rd quarter. Diversified Trust Co now owns 49,348 shares of the oil and gas company’s stock worth $548,000 after buying an additional 1,005 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Helix Energy Solutions Group by 3.0% during the 2nd quarter. Arizona State Retirement System now owns 40,535 shares of the oil and gas company’s stock worth $484,000 after buying an additional 1,187 shares during the period. GAMMA Investing LLC grew its position in Helix Energy Solutions Group by 21.1% in the third quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock valued at $86,000 after acquiring an additional 1,343 shares during the period. Finally, Meeder Advisory Services Inc. raised its stake in Helix Energy Solutions Group by 9.5% during the second quarter. Meeder Advisory Services Inc. now owns 16,618 shares of the oil and gas company’s stock worth $198,000 after acquiring an additional 1,445 shares in the last quarter. 91.33% of the stock is owned by institutional investors.

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.