Helix Energy Solutions Group (NYSE:HLX) Reaches New 12-Month Low – Should You Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $7.75 and last traded at $7.81, with a volume of 57415 shares trading hands. The stock had previously closed at $7.97.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th.

Helix Energy Solutions Group Stock Down 3.6 %

The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 191.95 and a beta of 2.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a fifty day moving average of $8.63 and a two-hundred day moving average of $9.67.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Monday, February 24th. The oil and gas company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The business had revenue of $355.13 million during the quarter, compared to analyst estimates of $311.66 million. Sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Diana Glassman sold 16,000 shares of Helix Energy Solutions Group stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total transaction of $159,040.00. Following the transaction, the director now directly owns 26,133 shares of the company’s stock, valued at $259,762.02. The trade was a 37.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kenneth English Neikirk sold 83,991 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were 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 $958,714.33. The trade was a 44.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 269,991 shares of company stock worth $2,607,137 in the last 90 days. 6.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Assetmark Inc. purchased a new position in shares of Helix Energy Solutions Group during the third quarter valued at $33,000. Sunbelt Securities Inc. acquired a new stake in Helix Energy Solutions Group during the 4th quarter worth about $34,000. Smartleaf Asset Management LLC increased its stake in shares of Helix Energy Solutions Group by 143.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company’s stock worth $45,000 after acquiring an additional 2,902 shares during the period. Quarry LP raised its position in Helix Energy Solutions Group by 79.8% during the fourth quarter. Quarry LP now owns 4,776 shares of the oil and gas company’s stock valued at $45,000 after acquiring an additional 2,120 shares in the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in shares of Helix Energy Solutions Group in the 3rd quarter valued at about $61,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

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.