Helix Energy Solutions Group (NYSE:HLX) Trading Down 9.9% – What’s Next?

Helix Energy Solutions Group, Inc. (NYSE:HLX) was down 9.9% during mid-day trading on Thursday . The company traded as low as $7.61 and last traded at $7.66. Approximately 471,027 shares traded hands during trading, a decline of 73% from the average daily volume of 1,750,804 shares. The stock had previously closed at $8.50.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th.

Helix Energy Solutions Group Stock Down 11.1 %

The stock’s 50 day simple moving average is $8.24 and its 200 day simple moving average is $9.34. The stock has a market capitalization of $1.14 billion, a P/E ratio of 188.92 and a beta of 2.41. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Monday, February 24th. The oil and gas company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.04. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The firm had revenue of $355.13 million during the quarter, compared to analyst estimates of $311.66 million. As a group, research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Wellington Management Group LLP grew its stake in Helix Energy Solutions Group by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company’s stock worth $30,590,000 after buying an additional 396,666 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in Helix Energy Solutions Group in the 4th quarter valued at approximately $34,000. PharVision Advisers LLC bought a new stake in Helix Energy Solutions Group during the 4th quarter valued at $179,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Helix Energy Solutions Group by 6.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 340,558 shares of the oil and gas company’s stock worth $3,174,000 after acquiring an additional 20,289 shares during the period. Finally, Vident Advisory LLC grew its stake in shares of Helix Energy Solutions Group by 12.8% in the fourth quarter. Vident Advisory LLC now owns 46,521 shares of the oil and gas company’s stock worth $434,000 after purchasing an additional 5,264 shares in the last quarter. 91.33% of the stock is currently 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.