Helix Energy Solutions Group (HLX) Scheduled to Post Quarterly Earnings on Wednesday

Helix Energy Solutions Group (NYSE:HLX) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Helix Energy Solutions Group to post earnings of $0.21 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Helix Energy Solutions Group had a positive return on equity of 4.35% and a negative net margin of 0.49%. The business had revenue of $364.80 million for the quarter, compared to analyst estimates of $353.19 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. On average, analysts expect Helix Energy Solutions Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Helix Energy Solutions Group Price Performance

Shares of NYSE HLX opened at $10.16 on Wednesday. The stock has a fifty day moving average price of $10.47 and a 200 day moving average price of $11.07. Helix Energy Solutions Group has a 1-year low of $8.82 and a 1-year high of $13.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 2.08. The company has a market cap of $1.55 billion, a PE ratio of -48.38 and a beta of 2.41.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. 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. Raymond James initiated coverage on Helix Energy Solutions Group in a report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price objective on the stock.

Insiders Place Their Bets

In related news, CEO Owen E. Kratz sold 298,419 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total value of $3,557,154.48. Following the completion of the sale, the chief executive officer now owns 7,171,860 shares in the company, valued at $85,488,571.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.37% of the stock is currently owned by company insiders.

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.