Shares of Helix Energy Solutions Group Inc (NYSE:HLX) fell 5.3% during mid-day trading on Tuesday . The company traded as low as $7.81 and last traded at $8.22. 2,214,426 shares changed hands during trading, an increase of 57% from the average session volume of 1,411,983 shares. The stock had previously closed at $8.68.

A number of research firms recently issued reports on HLX. Bank of America cut Helix Energy Solutions Group from a “neutral” rating to an “underperform” rating and set a $7.00 target price for the company. in a research note on Tuesday. Cowen set a $10.00 target price on Helix Energy Solutions Group and gave the stock a “buy” rating in a research note on Thursday, January 11th. Capital One Financial reissued an “overweight” rating on shares of Helix Energy Solutions Group in a research note on Tuesday, October 10th. Piper Jaffray Companies set a $7.00 target price on Helix Energy Solutions Group and gave the stock a “hold” rating in a research note on Monday, December 25th. Finally, Zacks Investment Research cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Helix Energy Solutions Group presently has an average rating of “Hold” and a consensus target price of $8.40.

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.02 and a quick ratio of 2.02. The company has a market capitalization of $1,210.00, a P/E ratio of -13.70 and a beta of 2.61.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company 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 business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $0.10 EPS. analysts anticipate that Helix Energy Solutions Group Inc will post -0.14 EPS for the current fiscal year.

In other news, COO Scott Andrew Sparks sold 10,000 shares of the firm’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 transaction of $67,500.00. Following the completion of the transaction, the chief operating officer now directly owns 151,530 shares of the company’s stock, valued at approximately $1,022,827.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Anthony Tripodo sold 6,466 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $6.92, for a total transaction of $44,744.72. Following the transaction, the executive vice president now directly owns 318,937 shares of the company’s stock, valued at $2,207,044.04. The disclosure for this sale can be found here. Insiders have sold a total of 27,734 shares of company stock valued at $196,079 over the last ninety days. Company insiders own 5.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Helix Energy Solutions Group by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 13,135,138 shares of the oil and gas company’s stock worth $74,082,000 after acquiring an additional 487,976 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Helix Energy Solutions Group by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,407,257 shares of the oil and gas company’s stock worth $69,976,000 after acquiring an additional 1,065,628 shares in the last quarter. GMT Capital Corp grew its stake in shares of Helix Energy Solutions Group by 10.5% during the 2nd quarter. GMT Capital Corp now owns 8,209,023 shares of the oil and gas company’s stock worth $42,441,000 after acquiring an additional 777,000 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Helix Energy Solutions Group by 4.2% during the 3rd quarter. Victory Capital Management Inc. now owns 6,338,291 shares of the oil and gas company’s stock worth $46,840,000 after acquiring an additional 256,250 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of Helix Energy Solutions Group by 17.2% during the 3rd quarter. Macquarie Group Ltd. now owns 4,201,347 shares of the oil and gas company’s stock worth $31,048,000 after acquiring an additional 615,917 shares in the last quarter. 85.92% of the stock is owned by institutional investors.

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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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