Helix Energy Solutions Group, Inc. (NYSE:HLX) COO Scott Andrew Sparks sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $6.75, for a total value of $67,500.00. Following the transaction, the chief operating officer now owns 151,530 shares of the company’s stock, valued at approximately $1,022,827.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.02. The firm had revenue of $163.30 million during the quarter, compared to analysts’ expectations of $168.97 million. Helix Energy Solutions Group had a negative net margin of 13.72% and a negative return on equity of 1.80%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS.

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Several brokerages have issued reports on HLX. Zacks Investment Research lowered Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. BidaskClub lowered Helix Energy Solutions Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Cowen and Company restated an “outperform” rating and set a $9.00 target price (down previously from $10.00) on shares of Helix Energy Solutions Group in a research report on Tuesday, July 25th. Capital One Financial Corporation restated an “overweight” rating on shares of Helix Energy Solutions Group in a research report on Tuesday, October 10th. Finally, Piper Jaffray Companies lowered Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $7.00 to $7.30 in a research report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $9.33.

Large investors have recently bought and sold shares of the stock. Amalgamated Bank boosted its position in shares of Helix Energy Solutions Group by 3.8% during the 2nd quarter. Amalgamated Bank now owns 18,427 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 683 shares during the period. Green Square Capital LLC boosted its position in shares of Helix Energy Solutions Group by 1.7% during the 2nd quarter. Green Square Capital LLC now owns 21,392 shares of the oil and gas company’s stock worth $121,000 after purchasing an additional 359 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of Helix Energy Solutions Group during the 1st quarter worth approximately $129,000. GSA Capital Partners LLP purchased a new position in shares of Helix Energy Solutions Group during the 2nd quarter worth approximately $151,000. Finally, State of Alaska Department of Revenue boosted its position in shares of Helix Energy Solutions Group by 77.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 26,960 shares of the oil and gas company’s stock worth $152,000 after purchasing an additional 11,800 shares during the period. 86.86% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.

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