Kenneth English Neikirk Sells 83,991 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) Stock

Helix Energy Solutions Group, Inc. (NYSE:HLX) EVP Kenneth English Neikirk sold 83,991 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $9.17, for a total value of $770,197.47. Following the completion of the transaction, the executive vice president now directly owns 104,549 shares of the company’s stock, valued at $958,714.33. This represents a 44.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Helix Energy Solutions Group Stock Performance

NYSE:HLX traded up $0.36 during mid-day trading on Thursday, hitting $9.68. The company’s stock had a trading volume of 882,734 shares, compared to its average volume of 1,776,875. The business’s fifty day moving average is $9.90 and its two-hundred day moving average is $10.57. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 242.06 and a beta of 2.45. Helix Energy Solutions Group, Inc. has a 1 year low of $8.81 and a 1 year high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The business had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. During the same quarter in the previous year, the company earned $0.19 earnings per share. Analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Raymond James started coverage on Helix Energy Solutions Group in a research report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price target for the company. TD Cowen dropped their price objective on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 25th. StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Helix Energy Solutions Group by 11.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,065,620 shares of the oil and gas company’s stock valued at $11,829,000 after buying an additional 106,582 shares in the last quarter. Jane Street Group LLC increased its position in Helix Energy Solutions Group by 217.0% during the third quarter. Jane Street Group LLC now owns 305,767 shares of the oil and gas company’s stock worth $3,394,000 after buying an additional 209,311 shares during the period. Fisher Asset Management LLC lifted its stake in Helix Energy Solutions Group by 3.9% in the third quarter. Fisher Asset Management LLC now owns 1,941,340 shares of the oil and gas company’s stock valued at $21,549,000 after buying an additional 72,945 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in shares of Helix Energy Solutions Group in the third quarter valued at approximately $628,000. Finally, Principal Financial Group Inc. increased its stake in Helix Energy Solutions Group by 38.6% in the third quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company’s stock valued at $22,919,000 after purchasing an additional 575,450 shares during the period. 91.33% of the stock is currently owned by institutional investors and hedge funds.

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.