Helix Energy Solutions Group (NYSE:HLX) Hits New 1-Year High at $12.15

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $12.15 and last traded at $12.03, with a volume of 1226874 shares changing hands. The stock had previously closed at $11.94.

Wall Street Analysts Forecast Growth

Separately, TD Cowen increased 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.

Helix Energy Solutions Group Trading Up 0.5 %

The business’s 50-day moving average price is $11.12 and its two-hundred day moving average price is $10.47. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -57.21 and a beta of 2.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.74 and a quick ratio of 1.74.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Wednesday, April 24th. The oil and gas company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). The business had revenue of $296.21 million during the quarter, compared to analyst estimates of $303.00 million. Helix Energy Solutions Group had a negative net margin of 2.39% and a positive return on equity of 3.22%. Equities analysts expect that Helix Energy Solutions Group, Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Diana Glassman sold 2,864 shares of the firm’s stock in a transaction dated 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 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 7,521 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $11.54, for a total transaction of $86,792.34. Following the transaction, the chief executive officer now directly owns 7,471,329 shares of the company’s stock, valued at approximately $86,219,136.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Diana Glassman sold 2,864 shares of Helix Energy Solutions Group stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $10.49, for a total transaction of $30,043.36. Following the sale, the director now owns 42,133 shares in the company, valued at approximately $441,975.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 164,264 shares of company stock valued at $1,932,544. 6.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Helix Energy Solutions Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Helix Energy Solutions Group by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock valued at $144,897,000 after purchasing an additional 152,413 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Helix Energy Solutions Group by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,906,292 shares of the oil and gas company’s stock worth $112,118,000 after purchasing an additional 489,105 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Helix Energy Solutions Group by 99.9% during the fourth quarter. Wellington Management Group LLP now owns 3,107,643 shares of the oil and gas company’s stock worth $31,947,000 after purchasing an additional 1,552,693 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in Helix Energy Solutions Group by 33,636.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,902,392 shares of the oil and gas company’s stock valued at $19,557,000 after buying an additional 1,896,753 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Helix Energy Solutions Group by 0.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,720,717 shares of the oil and gas company’s stock worth $17,689,000 after buying an additional 15,952 shares during the last quarter. 91.33% of the stock is owned by hedge funds and other institutional investors.

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.