Helix Energy Solutions Group (NYSE:HLX) Posts Earnings Results

Helix Energy Solutions Group (NYSE:HLX) released its earnings results on Wednesday. The oil and gas company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03, Zacks reports. Helix Energy Solutions Group had a positive return on equity of 3.22% and a negative net margin of 2.39%. The business had revenue of $364.80 million for the quarter, compared to the consensus estimate of $353.19 million. During the same quarter last year, the business posted $0.11 earnings per share.

Helix Energy Solutions Group Trading Up 0.2 %

Helix Energy Solutions Group stock traded up $0.02 during mid-day trading on Thursday, hitting $12.55. The company’s stock had a trading volume of 4,204,409 shares, compared to its average volume of 1,778,977. The stock’s fifty day moving average is $11.48 and its two-hundred day moving average is $10.70. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $1.91 billion, a PE ratio of -59.28 and a beta of 2.45. Helix Energy Solutions Group has a 1 year low of $8.39 and a 1 year high of $13.05.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Helix Energy Solutions Group

In other news, Director Diana Glassman sold 2,864 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $10.49, for a total transaction of $30,043.36. Following the completion of the transaction, the director now directly owns 42,133 shares in the company, valued at approximately $441,975.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Owen E. Kratz sold 141,879 shares of Helix Energy Solutions Group stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $11.83, for a total value of $1,678,428.57. Following the completion of the sale, the chief executive officer now owns 7,643,646 shares in the company, valued at approximately $90,424,332.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 in the company, valued at $441,975.17. The disclosure for this sale can be found here. Insiders have sold 164,264 shares of company stock worth $1,932,544 over the last quarter. 6.37% of the stock is currently owned by company insiders.

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.