Helix Energy Solutions Group (NYSE:HLX) Shares Down 4.4% – Should You Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s share price fell 4.4% during trading on Thursday . The company traded as low as $9.02 and last traded at $9.10. 671,702 shares were traded during mid-day trading, a decline of 63% from the average session volume of 1,812,345 shares. The stock had previously closed at $9.52.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HLX. Raymond James began coverage on Helix Energy Solutions Group in a report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 target price for the company. BTIG Research cut Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday.

Helix Energy Solutions Group Trading Down 5.3 %

The stock has a fifty day moving average of $10.44 and a 200-day moving average of $11.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market cap of $1.38 billion, a PE ratio of -45.29 and a beta of 2.41.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Helix Energy Solutions Group had a positive return on equity of 4.35% and a negative net margin of 0.49%. The company had revenue of $364.80 million during the quarter, compared to analysts’ expectations of $353.19 million. During the same quarter in the previous year, the business earned $0.11 EPS. Sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the completion of the sale, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Helix Energy Solutions Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock valued at $144,897,000 after purchasing an additional 152,413 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Helix Energy Solutions Group by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock worth $131,559,000 after acquiring an additional 254,880 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Helix Energy Solutions Group in the 2nd quarter worth $81,862,000. American Century Companies Inc. raised its position in shares of Helix Energy Solutions Group by 24.9% in the 2nd quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock worth $40,756,000 after acquiring an additional 680,635 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Helix Energy Solutions Group by 74.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after acquiring an additional 985,101 shares in the last quarter. 91.33% of the stock is owned by institutional investors.

Helix Energy Solutions Group Company Profile

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.