Helix Energy Solutions Group, Inc. (NYSE:HLX) COO Sells $1,677,900.00 in Stock

Helix Energy Solutions Group, Inc. (NYSE:HLX) COO Scott Andrew Sparks sold 170,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total value of $1,677,900.00. Following the sale, the chief operating officer now owns 112,634 shares of the company’s stock, valued at approximately $1,111,697.58. The trade was a 60.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Helix Energy Solutions Group Trading Down 4.0 %

Shares of HLX stock opened at $9.24 on Friday. The business’s 50 day moving average is $10.19 and its two-hundred day moving average is $10.71. Helix Energy Solutions Group, Inc. has a twelve month low of $8.91 and a twelve month high of $13.05. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.41 billion, a P/E ratio of 231.06 and a beta of 2.45.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. During the same quarter last year, the business earned $0.19 EPS. Equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Trading of Helix Energy Solutions Group

A number of institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its position in shares of Helix Energy Solutions Group by 74.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after purchasing an additional 985,101 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Helix Energy Solutions Group by 11.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,065,620 shares of the oil and gas company’s stock worth $11,829,000 after buying an additional 106,582 shares in the last quarter. Fisher Asset Management LLC grew its position in Helix Energy Solutions Group by 3.9% during the third quarter. Fisher Asset Management LLC now owns 1,941,340 shares of the oil and gas company’s stock worth $21,549,000 after buying an additional 72,945 shares during the period. Semanteon Capital Management LP purchased a new position in Helix Energy Solutions Group in the third quarter valued at about $628,000. Finally, Caxton Associates LP lifted its position in shares of Helix Energy Solutions Group by 225.5% during the 2nd quarter. Caxton Associates LP now owns 94,860 shares of the oil and gas company’s stock valued at $1,133,000 after acquiring an additional 65,720 shares during the period. 91.33% of the stock is currently owned by hedge funds and other 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.