Helix Energy Solutions Group (NYSE:HLX) Issues Quarterly Earnings Results

Helix Energy Solutions Group (NYSE:HLX) announced its quarterly earnings data on Wednesday. The oil and gas company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the firm earned $0.19 EPS.

Helix Energy Solutions Group Stock Performance

Shares of HLX traded down $0.28 during trading hours 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 firm has a 50-day moving average price of $10.41 and a 200 day moving average price of $10.99. Helix Energy Solutions Group has a fifty-two week low of $8.82 and a fifty-two week high of $13.05. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -44.02 and a beta of 2.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.08.

Insider Activity at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total value of $3,557,154.48. Following the completion of the transaction, the chief executive officer now owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 6.37% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on HLX shares. Raymond James assumed coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 target price for the company. BTIG Research lowered Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday.

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.