Helix Energy Solutions Group (NYSE:HLX) Shares Gap Down to $6.53

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLXGet Rating) gapped down before the market opened on Wednesday . The stock had previously closed at $6.53, but opened at $6.36. Helix Energy Solutions Group shares last traded at $6.37, with a volume of 4,450 shares trading hands.

Analyst Ratings Changes

HLX has been the topic of a number of recent research reports. TheStreet upgraded shares of Helix Energy Solutions Group from a “d+” rating to a “c-” rating in a research note on Friday, October 28th. BTIG Research upgraded shares of Helix Energy Solutions Group from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Wednesday, October 26th. Finally, StockNews.com cut shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 3rd. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.71.

Helix Energy Solutions Group Stock Down 3.7 %

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market capitalization of $954.95 million, a PE ratio of -8.17 and a beta of 3.01. The company’s 50 day simple moving average is $5.35 and its 200-day simple moving average is $4.38.

Helix Energy Solutions Group (NYSE:HLXGet Rating) last posted its earnings results on Monday, October 24th. The oil and gas company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). Helix Energy Solutions Group had a negative return on equity of 7.27% and a negative net margin of 15.44%. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. On average, analysts forecast that Helix Energy Solutions Group, Inc. will post -0.39 EPS for the current fiscal year.

Insider Activity

In other news, COO Scott Andrew Sparks sold 26,000 shares of the firm’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $6.93, for a total transaction of $180,180.00. Following the sale, the chief operating officer now owns 254,870 shares in the company, valued at approximately $1,766,249.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 6.14% of the company’s stock.

Institutional Trading of Helix Energy Solutions Group

Several institutional investors and hedge funds have recently made changes to their positions in HLX. Goldman Sachs Group Inc. raised its position in shares of Helix Energy Solutions Group by 202.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,177,004 shares of the oil and gas company’s stock valued at $10,406,000 after buying an additional 1,457,577 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Helix Energy Solutions Group by 1,280.5% during the 2nd quarter. Voya Investment Management LLC now owns 1,335,175 shares of the oil and gas company’s stock valued at $4,139,000 after purchasing an additional 1,238,461 shares during the last quarter. Foundry Partners LLC bought a new position in shares of Helix Energy Solutions Group during the 2nd quarter valued at $2,623,000. Van ECK Associates Corp grew its holdings in shares of Helix Energy Solutions Group by 12.4% during the 1st quarter. Van ECK Associates Corp now owns 7,405,849 shares of the oil and gas company’s stock valued at $35,400,000 after purchasing an additional 815,060 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Helix Energy Solutions Group by 12.4% during the 1st quarter. State Street Corp now owns 7,200,373 shares of the oil and gas company’s stock valued at $34,418,000 after purchasing an additional 794,783 shares during the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Helix Energy Solutions Group Company Profile

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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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