Helix Energy Solutions Group (NYSE:HLX) Announces Quarterly Earnings Results

Helix Energy Solutions Group (NYSE:HLX) issued its quarterly earnings data on Monday. The oil and gas company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04, Zacks reports. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%.

Helix Energy Solutions Group Price Performance

NYSE HLX opened at $7.85 on Tuesday. Helix Energy Solutions Group has a 52 week low of $7.76 and a 52 week high of $13.05. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 196.20 and a beta of 2.43. The company has a 50-day moving average price of $8.69 and a two-hundred day moving average price of $9.74.

Insiders Place Their Bets

In related news, Director Diana Glassman sold 16,000 shares of the 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 completion of the sale, the director now directly owns 26,133 shares of the company’s stock, valued at $259,762.02. This represents a 37.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth English Neikirk sold 83,991 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 104,549 shares of the company’s stock, valued at approximately $958,714.33. This represents a 44.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 269,991 shares of company stock worth $2,607,137. Insiders own 6.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.