Helix Energy Solutions Group (NYSE:HLX) Hits New 1-Year Low – Here’s Why

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $8.19 and last traded at $8.22, with a volume of 1278870 shares trading hands. The stock had previously closed at $8.44.

Analyst Ratings Changes

A number of equities analysts recently commented on HLX shares. StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. TD Cowen lowered their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, BTIG Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th.

Helix Energy Solutions Group Trading Down 0.2 %

The stock has a fifty day simple moving average of $9.45 and a 200 day simple moving average of $10.19. The firm has a market capitalization of $1.24 billion, a P/E ratio of 204.43 and a beta of 2.46. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19.

Insider Activity at Helix Energy Solutions Group

In other news, Director Diana Glassman sold 16,000 shares of Helix Energy Solutions Group stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total transaction of $159,040.00. Following the sale, the director now owns 26,133 shares in the company, valued at $259,762.02. This trade represents a 37.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Scott Andrew Sparks sold 170,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the transaction, the chief operating officer now owns 112,634 shares of the company’s stock, valued at approximately $1,111,697.58. This represents a 60.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 269,991 shares of company stock valued at $2,607,137. 6.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Helix Energy Solutions Group

Several large investors have recently made changes to their positions in HLX. State Street Corp boosted its stake in Helix Energy Solutions Group by 3.8% during the third quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company’s stock valued at $73,973,000 after buying an additional 246,577 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Helix Energy Solutions Group by 16.4% during the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock worth $61,016,000 after acquiring an additional 923,477 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Helix Energy Solutions Group by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,286,917 shares of the oil and gas company’s stock valued at $36,492,000 after acquiring an additional 25,432 shares during the last quarter. Systematic Financial Management LP grew its holdings in shares of Helix Energy Solutions Group by 10.5% in the third quarter. Systematic Financial Management LP now owns 2,480,765 shares of the oil and gas company’s stock valued at $27,536,000 after purchasing an additional 236,222 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Helix Energy Solutions Group by 7.9% in the fourth quarter. Van ECK Associates Corp now owns 2,327,582 shares of the oil and gas company’s stock worth $21,693,000 after purchasing an additional 169,543 shares during the last quarter. 91.33% of the stock is owned by institutional investors.

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.