Helix Energy Solutions Group (NYSE:HLX) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Helix Energy Solutions Group (NYSE:HLX) released its quarterly earnings data on Wednesday. The oil and gas company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02, RTT News reports. Helix Energy Solutions Group had a positive return on equity of 4.35% and a negative net margin of 0.49%. During the same period in the prior year, the company earned $0.19 earnings per share.

Helix Energy Solutions Group Stock Down 2.9 %

Helix Energy Solutions Group stock traded down $0.28 during trading hours on Thursday, reaching $9.25. The stock had a trading volume of 3,974,851 shares, compared to its average volume of 1,828,375. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -44.02 and a beta of 2.41. The business’s 50 day moving average price is $10.41 and its 200-day moving average price is $10.99. Helix Energy Solutions Group has a 52 week low of $8.82 and a 52 week high of $13.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 2.08.

Insider Activity

In other news, CEO Owen E. Kratz sold 298,419 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the completion of the sale, the chief executive officer now owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.37% of the company’s stock.

Analyst Ratings Changes

HLX has been the subject of several recent research reports. Raymond James began coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price target for the company. BTIG Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday.

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.