Helix Energy Solutions Group (NYSE:HLX) Posts Earnings Results, Beats Expectations By $0.03 EPS

Helix Energy Solutions Group (NYSE:HLX) announced its earnings results on Wednesday. The oil and gas company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03, Zacks reports. Helix Energy Solutions Group had a negative net margin of 2.39% and a positive return on equity of 3.22%. The business had revenue of $364.80 million during the quarter, compared to analysts’ expectations of $353.19 million. During the same quarter in the prior year, the company posted $0.11 earnings per share.

Helix Energy Solutions Group Stock Up 0.2 %

Shares of NYSE HLX traded up $0.02 during trading hours on Thursday, hitting $12.55. The company had a trading volume of 4,204,409 shares, compared to its average volume of 1,778,977. Helix Energy Solutions Group has a 1-year low of $8.39 and a 1-year high of $13.05. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $11.48 and its 200-day moving average is $10.70. The stock has a market capitalization of $1.91 billion, a P/E ratio of -59.28 and a beta of 2.45.

Insider Buying and Selling

In other news, Director Diana Glassman sold 2,864 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $10.49, for a total value of $30,043.36. Following the sale, the director now directly owns 42,133 shares of the company’s stock, valued at approximately $441,975.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Diana Glassman sold 2,864 shares of Helix Energy Solutions Group stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $10.49, for a total transaction of $30,043.36. Following the completion of the transaction, the director now directly owns 42,133 shares in the company, valued at approximately $441,975.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Scott Andrew Sparks sold 12,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $11.44, for a total value of $137,280.00. Following the completion of the sale, the chief operating officer now owns 282,634 shares in the company, valued at approximately $3,233,332.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,264 shares of company stock worth $1,932,544. Insiders own 6.37% of the company’s stock.

Analyst Ratings Changes

Separately, TD Cowen boosted their price target on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th.

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.