Helix Energy Solutions Group (HLX) Set to Announce Earnings on Wednesday

Helix Energy Solutions Group (NYSE:HLX) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Monday, February 26th. The oil and gas company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.29). Helix Energy Solutions Group had a positive return on equity of 3.40% and a negative net margin of 0.84%. The business had revenue of $335.16 million for the quarter, compared to analysts’ expectations of $326.59 million. During the same quarter in the prior year, the business posted $0.09 EPS. On average, analysts expect Helix Energy Solutions Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Helix Energy Solutions Group Price Performance

Shares of Helix Energy Solutions Group stock opened at $10.86 on Wednesday. The stock has a 50 day moving average of $10.25 and a 200 day moving average of $9.98. Helix Energy Solutions Group has a 12 month low of $6.18 and a 12 month high of $12.14. The firm has a market cap of $1.66 billion, a PE ratio of -155.14 and a beta of 2.50. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.21.

Hedge Funds Weigh In On Helix Energy Solutions Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in Helix Energy Solutions Group by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,850 shares of the oil and gas company’s stock valued at $208,000 after buying an additional 1,837 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Helix Energy Solutions Group by 5.2% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 50,513 shares of the oil and gas company’s stock valued at $373,000 after buying an additional 2,505 shares during the last quarter. Deutsche Bank AG boosted its stake in Helix Energy Solutions Group by 4.6% during the fourth quarter. Deutsche Bank AG now owns 63,346 shares of the oil and gas company’s stock valued at $467,000 after buying an additional 2,797 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Helix Energy Solutions Group by 53.3% during the second quarter. Tower Research Capital LLC TRC now owns 8,703 shares of the oil and gas company’s stock valued at $64,000 after buying an additional 3,026 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Helix Energy Solutions Group by 5.7% during the first quarter. MetLife Investment Management LLC now owns 59,411 shares of the oil and gas company’s stock valued at $284,000 after buying an additional 3,185 shares during the last quarter. 91.33% of the stock is owned by institutional investors.

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.