Helix Energy Solutions Group (NYSE:HLX) Trading Down 8.2% – Time to Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX) fell 8.2% during trading on Friday . The stock traded as low as $6.66 and last traded at $6.93. 661,587 shares were traded during trading, a decline of 62% from the average session volume of 1,751,822 shares. The stock had previously closed at $7.54.

Helix Energy Solutions Group Price Performance

The business has a fifty day moving average of $8.18 and a two-hundred day moving average of $9.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 168.04 and a beta of 2.41.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Monday, February 24th. The oil and gas company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.09 by $0.04. The firm had revenue of $355.13 million for the quarter, compared to the consensus estimate of $311.66 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. As a group, research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Helix Energy Solutions Group

Several hedge funds have recently bought and sold shares of HLX. Wellington Management Group LLP increased its stake in shares of Helix Energy Solutions Group by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company’s stock worth $30,590,000 after purchasing an additional 396,666 shares during the period. Sunbelt Securities Inc. bought a new position in Helix Energy Solutions Group during the 4th quarter worth $34,000. PharVision Advisers LLC bought a new position in Helix Energy Solutions Group during the 4th quarter worth $179,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Helix Energy Solutions Group by 6.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 340,558 shares of the oil and gas company’s stock worth $3,174,000 after buying an additional 20,289 shares in the last quarter. Finally, Vident Advisory LLC boosted its position in shares of Helix Energy Solutions Group by 12.8% in the fourth quarter. Vident Advisory LLC now owns 46,521 shares of the oil and gas company’s stock valued at $434,000 after acquiring an additional 5,264 shares during the period. 91.33% of the stock is currently 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.