Helix Energy Solutions Group (NYSE:HLX) Trading Down 4.1% – Time to Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s stock price traded down 4.1% during mid-day trading on Friday . The company traded as low as $10.01 and last traded at $10.06. 93,567 shares were traded during mid-day trading, a decline of 95% from the average session volume of 1,784,850 shares. The stock had previously closed at $10.49.

Wall Street Analyst Weigh In

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

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 cap of $1.51 billion, a P/E ratio of 248.25 and a beta of 2.45. The firm has a 50 day moving average price of $10.33 and a two-hundred day moving average price of $10.76.

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

Insider Buying and Selling

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the sale, the chief executive officer now owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. This trade represents a 3.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.37% of the stock is currently owned by insiders.

Institutional Trading of Helix Energy Solutions Group

Institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. purchased a new stake in shares of Helix Energy Solutions Group in the 3rd quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Helix Energy Solutions Group in the 2nd quarter valued at about $45,000. Millburn Ridgefield Corp purchased a new stake in shares of Helix Energy Solutions Group in the 3rd quarter valued at about $61,000. GAMMA Investing LLC raised its holdings in shares of Helix Energy Solutions Group by 21.1% in the 3rd quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock valued at $86,000 after acquiring an additional 1,343 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Helix Energy Solutions Group by 10.4% in the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after acquiring an additional 850 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

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.