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

Helix Energy Solutions Group (NYSE:HLX – Get Rating) issued its quarterly earnings results on Monday. The oil and gas company reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.08), MarketWatch Earnings reports. Helix Energy Solutions Group had a negative return on equity of 3.66% and a negative net margin of 9.12%. During the same quarter last year, the firm posted ($0.02) EPS.

NYSE HLX opened at $4.26 on Wednesday. The stock’s 50-day moving average price is $4.71 and its two-hundred day moving average price is $4.01. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.16. The company has a market cap of $645.97 million, a PE ratio of -10.39 and a beta of 2.96. Helix Energy Solutions Group has a 1 year low of $2.88 and a 1 year high of $6.70.

A number of equities analysts have recently issued reports on the stock. Capital One Financial reiterated an “equal weight” rating on shares of Helix Energy Solutions Group in a report on Friday, March 18th. Zacks Investment Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 9th. Piper Sandler raised their price target on shares of Helix Energy Solutions Group from $6.30 to $7.25 and gave the company an “overweight” rating in a report on Monday, April 18th. Finally, StockNews.com started coverage on shares of Helix Energy Solutions Group in a report on Thursday, March 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.50.

Large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC acquired a new position in shares of Helix Energy Solutions Group during the third quarter worth approximately $56,000. Royal Bank of Canada lifted its stake in Helix Energy Solutions Group by 490.0% in the second quarter. Royal Bank of Canada now owns 11,800 shares of the oil and gas company’s stock valued at $67,000 after buying an additional 9,800 shares during the period. Citigroup Inc. lifted its stake in Helix Energy Solutions Group by 44.8% in the fourth quarter. Citigroup Inc. now owns 109,977 shares of the oil and gas company’s stock valued at $343,000 after buying an additional 34,032 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of Helix Energy Solutions Group by 773.5% during the fourth quarter. Cubist Systematic Strategies LLC now owns 113,259 shares of the oil and gas company’s stock worth $353,000 after purchasing an additional 100,293 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Helix Energy Solutions Group during the fourth quarter worth about $522,000. 88.36% of the stock is currently owned by institutional investors.

About Helix Energy Solutions Group (Get Rating)

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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