Helix Energy Solutions Group (NYSE:HLX) Trading Up 3.1% – What’s Next?

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares were up 3.1% during trading on Wednesday . The stock traded as high as $6.64 and last traded at $6.59. Approximately 213,603 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 1,776,129 shares. The stock had previously closed at $6.39.

Helix Energy Solutions Group Stock Up 1.4 %

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a 50 day simple moving average of $7.87 and a two-hundred day simple moving average of $9.06. The stock has a market cap of $981.91 million, a P/E ratio of 162.04 and a beta of 1.91.

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

Institutional Investors Weigh In On Helix Energy Solutions Group

Several hedge funds and other institutional investors have recently bought and sold shares of HLX. Sunbelt Securities Inc. acquired a new stake in Helix Energy Solutions Group during the fourth quarter valued at approximately $34,000. Smartleaf Asset Management LLC lifted its holdings in shares of Helix Energy Solutions Group by 143.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 2,902 shares during the last quarter. Quarry LP boosted its position in shares of Helix Energy Solutions Group by 79.8% in the 4th quarter. Quarry LP now owns 4,776 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 2,120 shares during the period. KBC Group NV increased its stake in Helix Energy Solutions Group by 61.8% in the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock worth $85,000 after purchasing an additional 3,491 shares in the last quarter. Finally, Vontobel Holding Ltd. purchased a new stake in Helix Energy Solutions Group during the fourth quarter valued at about $93,000. 91.33% of the stock is currently 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.