Helix Energy Solutions Group (NYSE:HLX) COO Scott Andrew Sparks Sells 40,000 Shares of Stock

Helix Energy Solutions Group, Inc. (NYSE:HLX) COO Scott Andrew Sparks sold 40,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $6.88, for a total transaction of $275,200.00. Following the sale, the chief operating officer owned 301,042 shares in the company, valued at $2,071,168.96. This trade represents a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Helix Energy Solutions Group Stock Down 4.0%

HLX stock opened at $6.65 on Wednesday. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average is $6.52 and its two-hundred day moving average is $6.44. Helix Energy Solutions Group, Inc. has a 52 week low of $5.52 and a 52 week high of $11.48. The company has a market capitalization of $977.35 million, a price-to-earnings ratio of 23.73 and a beta of 1.53.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Helix Energy Solutions Group had a net margin of 3.25% and a return on equity of 2.75%. The business had revenue of $376.96 million for the quarter, compared to the consensus estimate of $361.93 million. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on HLX. Wall Street Zen upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Zacks Research downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. TD Cowen boosted their target price on shares of Helix Energy Solutions Group from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Weiss Ratings upgraded shares of Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 30th. Finally, Cowen reiterated a “buy” rating on shares of Helix Energy Solutions Group in a report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of Helix Energy Solutions Group by 109.8% in the third quarter. Principal Financial Group Inc. now owns 4,804,147 shares of the oil and gas company’s stock worth $31,515,000 after acquiring an additional 2,514,402 shares in the last quarter. Ballentine Partners LLC purchased a new position in shares of Helix Energy Solutions Group in the third quarter worth approximately $70,000. Federated Hermes Inc. purchased a new position in shares of Helix Energy Solutions Group in the third quarter worth approximately $74,000. SummerHaven Investment Management LLC purchased a new position in shares of Helix Energy Solutions Group in the third quarter worth approximately $833,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Helix Energy Solutions Group by 5.8% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 153,023 shares of the oil and gas company’s stock worth $1,004,000 after acquiring an additional 8,397 shares in the last quarter. 91.33% of the stock is owned by hedge funds and other 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.