Helix Energy Solutions Group (NYSE:HLX) Trading 1.4% Higher – Here’s What Happened

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s share price shot up 1.4% during mid-day trading on Monday . The stock traded as high as $6.70 and last traded at $6.60. 154,661 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,779,395 shares. The stock had previously closed at $6.51.

Helix Energy Solutions Group Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The company has a market capitalization of $981.91 million, a P/E ratio of 162.04 and a beta of 1.91. The firm’s fifty day moving average is $7.94 and its 200 day moving average is $9.11.

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

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Helix Energy Solutions Group by 18.3% during the fourth quarter. Principal Financial Group Inc. now owns 2,443,203 shares of the oil and gas company’s stock valued at $22,771,000 after purchasing an additional 378,394 shares in the last quarter. Jane Street Group LLC raised its stake in Helix Energy Solutions Group by 217.0% in the 3rd quarter. Jane Street Group LLC now owns 305,767 shares of the oil and gas company’s stock worth $3,394,000 after acquiring an additional 209,311 shares during the last quarter. Forge First Asset Management Inc. acquired a new stake in Helix Energy Solutions Group during the 4th quarter valued at approximately $5,565,000. Wellington Management Group LLP boosted its stake in shares of Helix Energy Solutions Group by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company’s stock worth $30,590,000 after buying an additional 396,666 shares during the last quarter. Finally, Amundi grew its position in Helix Energy Solutions Group by 191.9% during the fourth quarter. Amundi now owns 89,714 shares of the oil and gas company’s stock valued at $812,000 after buying an additional 58,976 shares during the period. 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.