Insider Selling: Helix Energy Solutions Group, Inc. (NYSE:HLX) EVP Sells 83,991 Shares of Stock

Helix Energy Solutions Group, Inc. (NYSE:HLX) EVP Kenneth English Neikirk sold 83,991 shares of the business’s stock in a transaction 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 owns 104,549 shares of the company’s stock, valued at $958,714.33. This represents a 44.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Helix Energy Solutions Group Stock Performance

HLX opened at $9.68 on Friday. The company’s 50 day moving average is $9.90 and its 200 day moving average is $10.56. 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 company 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 12-month low of $8.81 and a 12-month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, topping the consensus estimate 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 net margin of 0.54% and a return on equity of 4.39%. During the same quarter last year, the company posted $0.19 EPS. On average, equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Analysts Set New Price Targets

HLX has been the subject of a number of recent analyst reports. TD Cowen decreased their target price on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Raymond James initiated coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price objective for the company. BTIG Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. Finally, 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.

Institutional Trading of Helix Energy Solutions Group

Hedge funds have recently bought and sold shares of the stock. Diversified Trust Co lifted its position in shares of Helix Energy Solutions Group by 2.1% during the 3rd quarter. Diversified Trust Co now owns 49,348 shares of the oil and gas company’s stock valued at $548,000 after buying an additional 1,005 shares in the last quarter. Arizona State Retirement System raised its stake in Helix Energy Solutions Group by 3.0% during the 2nd quarter. Arizona State Retirement System now owns 40,535 shares of the oil and gas company’s stock worth $484,000 after acquiring an additional 1,187 shares during the period. GAMMA Investing LLC lifted its holdings in Helix Energy Solutions Group by 21.1% during the third quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock valued at $86,000 after purchasing an additional 1,343 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in shares of Helix Energy Solutions Group by 9.5% in the second quarter. Meeder Advisory Services Inc. now owns 16,618 shares of the oil and gas company’s stock worth $198,000 after purchasing an additional 1,445 shares during the period. Finally, Doheny Asset Management CA increased its stake in shares of Helix Energy Solutions Group by 1.8% in the second quarter. Doheny Asset Management CA now owns 164,584 shares of the oil and gas company’s stock worth $1,965,000 after purchasing an additional 2,964 shares in the last quarter. Institutional investors own 91.33% of the company’s stock.

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.