Short Interest in Helix Energy Solutions Group, Inc. (NYSE:HLX) Declines By 15.1%

Helix Energy Solutions Group, Inc. (NYSE:HLX) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 5,030,795 shares, a decrease of 15.1% from the March 15th total of 5,924,476 shares. Currently, 3.7% of the company’s stock are sold short. Based on an average daily trading volume, of 1,906,400 shares, the short-interest ratio is presently 2.6 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Helix Energy Solutions Group in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.50.

Hedge Funds Weigh In On Helix Energy Solutions Group

Institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new position in Helix Energy Solutions Group during the fourth quarter worth approximately $27,000. Royal Bank of Canada increased its position in Helix Energy Solutions Group by 175.9% during the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock worth $44,000 after buying an additional 4,458 shares during the last quarter. Drucker Wealth 3.0 LLC acquired a new position in Helix Energy Solutions Group during the third quarter worth approximately $66,000. Ballentine Partners LLC acquired a new position in Helix Energy Solutions Group during the third quarter worth approximately $70,000. Finally, Federated Hermes Inc. acquired a new position in Helix Energy Solutions Group during the third quarter worth approximately $74,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Performance

HLX opened at $9.14 on Friday. The business’s 50-day simple moving average is $9.31 and its 200 day simple moving average is $7.72. The firm has a market capitalization of $1.35 billion, a PE ratio of 43.54 and a beta of 1.15. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.75 and a current ratio of 2.75. Helix Energy Solutions Group has a 52-week low of $5.52 and a 52-week high of $10.75.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Monday, February 23rd. The oil and gas company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.08. The firm had revenue of $334.16 million for the quarter, compared to the consensus estimate of $304.67 million. Helix Energy Solutions Group had a return on equity of 2.88% and a net margin of 2.39%.The business’s revenue for the quarter was down 5.9% on a year-over-year basis. As a group, sell-side analysts expect that Helix Energy Solutions Group will post 0.26 earnings per share for the current fiscal year.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.