Helix Energy Solutions Group, Inc. (NYSE:HLX) Sees Large Growth in Short Interest

Helix Energy Solutions Group, Inc. (NYSE:HLX) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 3,730,000 shares, an increase of 11.3% from the May 31st total of 3,350,000 shares. Based on an average daily trading volume, of 1,740,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.6% of the company’s shares are sold short.

Insider Buying and Selling

In related news, Director Diana Glassman sold 2,864 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $10.49, for a total transaction of $30,043.36. Following the transaction, the director now directly owns 42,133 shares in the company, valued at approximately $441,975.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Helix Energy Solutions Group news, Director Diana Glassman sold 2,864 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $10.49, for a total value of $30,043.36. Following the transaction, the director now owns 42,133 shares of the company’s stock, valued at approximately $441,975.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Owen E. Kratz sold 7,521 shares of Helix Energy Solutions Group stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $11.54, for a total value of $86,792.34. Following the sale, the chief executive officer now owns 7,471,329 shares of the company’s stock, valued at $86,219,136.66. The disclosure for this sale can be found here. Insiders sold a total of 164,264 shares of company stock worth $1,932,544 over the last three months. 6.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HLX. Deutsche Bank AG raised its position in Helix Energy Solutions Group by 18.8% in the 3rd quarter. Deutsche Bank AG now owns 73,368 shares of the oil and gas company’s stock valued at $820,000 after purchasing an additional 11,599 shares in the last quarter. Natixis Advisors L.P. acquired a new stake in Helix Energy Solutions Group in the third quarter valued at approximately $279,000. Trexquant Investment LP purchased a new position in Helix Energy Solutions Group in the third quarter worth approximately $1,073,000. Teza Capital Management LLC purchased a new position in Helix Energy Solutions Group in the third quarter worth approximately $171,000. Finally, Gotham Asset Management LLC acquired a new position in Helix Energy Solutions Group during the 3rd quarter worth approximately $587,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Trading Up 0.2 %

NYSE:HLX traded up $0.03 on Wednesday, hitting $12.04. The stock had a trading volume of 864,006 shares, compared to its average volume of 1,791,386. The company has a fifty day moving average price of $11.14 and a two-hundred day moving average price of $10.48. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -57.33 and a beta of 2.45. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.21. Helix Energy Solutions Group has a 1-year low of $7.24 and a 1-year high of $12.29.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). The company had revenue of $296.21 million during the quarter, compared to analysts’ expectations of $303.00 million. Helix Energy Solutions Group had a negative net margin of 2.39% and a positive return on equity of 3.22%. Equities research analysts expect that Helix Energy Solutions Group will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, TD Cowen raised their price target on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, June 25th.

About Helix Energy Solutions Group

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.