Helix Energy Solutions Group (NYSE:HLX) Stock Price Down 5% – Time to Sell?

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) were down 5% on Monday . The stock traded as low as $6.88 and last traded at $6.84. Approximately 274,088 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 1,760,385 shares. The stock had previously closed at $7.20.

Wall Street Analyst Weigh In

Separately, Raymond James Financial cut Helix Energy Solutions Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $14.00 to $10.00 in a research note on Friday, April 25th.

Helix Energy Solutions Group Stock Performance

The stock has a market capitalization of $1.01 billion, a P/E ratio of 12.12 and a beta of 1.60. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average price of $6.58 and a 200-day moving average price of $7.79.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. The company had revenue of $278.06 million for the quarter, compared to the consensus estimate of $285.06 million. Helix Energy Solutions Group had a return on equity of 5.54% and a net margin of 6.34%. On average, sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Institutional Trading of Helix Energy Solutions Group

Several institutional investors have recently made changes to their positions in HLX. Rhumbline Advisers grew its position in shares of Helix Energy Solutions Group by 2.2% during the fourth quarter. Rhumbline Advisers now owns 437,081 shares of the oil and gas company’s stock worth $4,074,000 after purchasing an additional 9,333 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Helix Energy Solutions Group by 18.3% during the fourth quarter. Principal Financial Group Inc. now owns 2,443,203 shares of the oil and gas company’s stock valued at $22,771,000 after buying an additional 378,394 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Helix Energy Solutions Group during the fourth quarter valued at approximately $201,000. Proficio Capital Partners LLC bought a new position in Helix Energy Solutions Group during the fourth quarter valued at approximately $290,000. Finally, Smartleaf Asset Management LLC boosted its stake in 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 buying an additional 2,902 shares during the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

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.