Helix Energy Solutions Group, Inc. (NYSE:HLX) EVP Sells $770,197.47 in Stock

Helix Energy Solutions Group, Inc. (NYSE:HLX) EVP Kenneth English Neikirk sold 83,991 shares of Helix Energy Solutions Group stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $9.17, for a total transaction of $770,197.47. Following the transaction, the executive vice president now directly owns 104,549 shares of the company’s stock, valued at approximately $958,714.33. This represents a 44.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Helix Energy Solutions Group Stock Down 1.7 %

Shares of NYSE HLX opened at $9.52 on Friday. The stock has a 50 day moving average price of $9.91 and a 200 day moving average price of $10.55. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 238.06 and a beta of 2.46. Helix Energy Solutions Group, Inc. has a 52-week low of $8.81 and a 52-week high of $13.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $342.42 million for the quarter, compared to the consensus estimate of $354.74 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. During the same quarter in the prior year, the company earned $0.19 EPS. Sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Institutional Investors Weigh In On Helix Energy Solutions Group

Several hedge funds have recently modified their holdings of the business. Diversified Trust Co increased its holdings in Helix Energy Solutions Group by 2.1% during the third quarter. Diversified Trust Co now owns 49,348 shares of the oil and gas company’s stock valued at $548,000 after buying an additional 1,005 shares during the period. Arizona State Retirement System boosted its position in Helix Energy Solutions Group by 3.0% during the 2nd quarter. Arizona State Retirement System now owns 40,535 shares of the oil and gas company’s stock valued at $484,000 after acquiring an additional 1,187 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Helix Energy Solutions Group by 21.1% in the 3rd quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock valued at $86,000 after acquiring an additional 1,343 shares during the period. Meeder Advisory Services Inc. raised its position in shares of Helix Energy Solutions Group by 9.5% in the 2nd quarter. Meeder Advisory Services Inc. now owns 16,618 shares of the oil and gas company’s stock worth $198,000 after acquiring an additional 1,445 shares in the last quarter. Finally, Doheny Asset Management CA lifted its stake in shares of Helix Energy Solutions Group by 1.8% during the 2nd quarter. Doheny Asset Management CA now owns 164,584 shares of the oil and gas company’s stock worth $1,965,000 after purchasing an additional 2,964 shares during the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HLX shares. Raymond James assumed coverage on Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 target price for the company. TD Cowen dropped their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 25th. BTIG Research lowered Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. Finally, StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th.

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.