Helix Energy Solutions Group, Inc. (NYSE:HLX) Director Sells $159,040.00 in Stock

Helix Energy Solutions Group, Inc. (NYSE:HLX) Director Diana Glassman sold 16,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total transaction of $159,040.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Helix Energy Solutions Group Stock Down 4.5 %

Shares of NYSE HLX opened at $9.63 on Friday. The stock has a market capitalization of $1.46 billion, a PE ratio of 240.81 and a beta of 2.45. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average of $10.23 and a 200-day moving average of $10.73. Helix Energy Solutions Group, Inc. has a 52-week low of $8.91 and a 52-week high of $13.05.

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, beating analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $342.42 million during 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 previous year, the business earned $0.19 earnings per share. On average, analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Institutional Trading of Helix Energy Solutions Group

Institutional investors have recently modified their holdings of the company. CWM LLC raised its holdings in Helix Energy Solutions Group by 10.4% in the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 850 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Helix Energy Solutions Group in the second quarter worth $411,000. Diversified Trust Co increased its position in shares of Helix Energy Solutions Group by 4.6% in the second quarter. Diversified Trust Co now owns 48,343 shares of the oil and gas company’s stock worth $577,000 after acquiring an additional 2,125 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Helix Energy Solutions Group by 74.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock valued at $27,640,000 after acquiring an additional 985,101 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Helix Energy Solutions Group by 2.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 72,100 shares of the oil and gas company’s stock valued at $861,000 after acquiring an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Raymond James initiated 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 on the stock. Finally, TD Cowen lowered their price target 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.

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.