Helix Energy Solutions Group Inc (NYSE:HLX) VP Alisa B. Johnson sold 15,244 shares of the firm’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $9.85, for a total transaction of $150,153.40. Following the sale, the vice president now owns 285,480 shares in the company, valued at $2,811,978. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Helix Energy Solutions Group stock traded up $0.06 during mid-day trading on Thursday, reaching $9.55. The company’s stock had a trading volume of 539,500 shares, compared to its average volume of 1,406,072. The company has a market cap of $1.42 billion, a P/E ratio of -63.67 and a beta of 2.56. Helix Energy Solutions Group Inc has a 12 month low of $5.44 and a 12 month high of $10.41. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.26.
Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Monday, July 23rd. The oil and gas company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $204.63 million during the quarter, compared to the consensus estimate of $183.54 million. Helix Energy Solutions Group had a net margin of 9.79% and a return on equity of 1.05%. The firm’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.03) earnings per share. equities research analysts forecast that Helix Energy Solutions Group Inc will post 0.19 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC grew its position in Helix Energy Solutions Group by 28.6% in the second quarter. Meadow Creek Investment Management LLC now owns 34,544 shares of the oil and gas company’s stock valued at $288,000 after purchasing an additional 7,684 shares in the last quarter. Swiss National Bank grew its position in shares of Helix Energy Solutions Group by 3.3% in the 1st quarter. Swiss National Bank now owns 244,300 shares of the oil and gas company’s stock valued at $1,414,000 after acquiring an additional 7,800 shares during the period. Macquarie Group Ltd. grew its position in shares of Helix Energy Solutions Group by 0.3% in the 2nd quarter. Macquarie Group Ltd. now owns 4,449,931 shares of the oil and gas company’s stock valued at $37,068,000 after acquiring an additional 11,664 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Helix Energy Solutions Group by 297.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,888 shares of the oil and gas company’s stock valued at $132,000 after acquiring an additional 11,888 shares during the period. Finally, Hilltop Holdings Inc. bought a new position in shares of Helix Energy Solutions Group in the 2nd quarter valued at about $100,000. 89.47% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on HLX shares. Zacks Investment Research downgraded shares of Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $9.20.
About Helix Energy Solutions Group
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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