Brokerages Expect Helix Energy Solutions Group, Inc. (NYSE:HLX) Will Post Earnings of -$0.12 Per Share

Wall Street analysts expect that Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating) will report earnings of ($0.12) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Helix Energy Solutions Group’s earnings. Helix Energy Solutions Group posted earnings of ($0.09) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 33.3%. The firm is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Helix Energy Solutions Group will report full-year earnings of ($0.51) per share for the current year, with EPS estimates ranging from ($0.61) to ($0.46). For the next financial year, analysts forecast that the firm will post earnings of ($0.04) per share, with EPS estimates ranging from ($0.09) to $0.01. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX – Get Rating) last released its earnings results on Monday, April 25th. The oil and gas company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.08). Helix Energy Solutions Group had a negative net margin of 15.22% and a negative return on equity of 6.09%. During the same quarter in the previous year, the business earned ($0.02) earnings per share.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 9th. StockNews.com assumed coverage on shares of Helix Energy Solutions Group in a report on Thursday, March 31st. They set a “hold” rating on the stock. Piper Sandler increased their price objective on shares of Helix Energy Solutions Group from $6.30 to $7.25 and gave the stock an “overweight” rating in a report on Monday, April 18th. Finally, Capital One Financial reiterated an “equal weight” rating on shares of Helix Energy Solutions Group in a report on Friday, March 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. grew its position in Helix Energy Solutions Group by 1.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 161,621 shares of the oil and gas company’s stock valued at $773,000 after acquiring an additional 2,728 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Helix Energy Solutions Group by 1.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 170,473 shares of the oil and gas company’s stock valued at $532,000 after acquiring an additional 2,852 shares in the last quarter. Metropolitan Life Insurance Co NY grew its position in Helix Energy Solutions Group by 9.5% in the third quarter. Metropolitan Life Insurance Co NY now owns 34,730 shares of the oil and gas company’s stock valued at $135,000 after acquiring an additional 3,003 shares in the last quarter. Panagora Asset Management Inc. grew its position in Helix Energy Solutions Group by 0.4% in the third quarter. Panagora Asset Management Inc. now owns 931,624 shares of the oil and gas company’s stock valued at $3,615,000 after acquiring an additional 3,488 shares in the last quarter. Finally, Pacific Global Investment Management Co. grew its position in Helix Energy Solutions Group by 0.7% in the fourth quarter. Pacific Global Investment Management Co. now owns 505,048 shares of the oil and gas company’s stock valued at $1,576,000 after acquiring an additional 3,678 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

NYSE:HLX opened at $4.11 on Monday. The firm has a market cap of $623.23 million, a price-to-earnings ratio of -6.13 and a beta of 2.96. The company has a current ratio of 1.96, a quick ratio of 1.90 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average is $4.72 and its two-hundred day moving average is $4.01. Helix Energy Solutions Group has a 12-month low of $2.88 and a 12-month high of $6.70.

Helix Energy Solutions Group Company Profile (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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