Insider Selling: Helix Energy Solutions Group, Inc. (NYSE:HLX) Director Sells $159,040.00 in Stock

Helix Energy Solutions Group, Inc. (NYSE:HLX) Director Diana Glassman sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total value of $159,040.00. Following the completion of the sale, the director now owns 26,133 shares in the company, valued at approximately $259,762.02. This represents a 37.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Helix Energy Solutions Group Price Performance

NYSE:HLX opened at $9.24 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The business’s 50-day moving average price is $10.19 and its 200 day moving average price is $10.71. Helix Energy Solutions Group, Inc. has a 52-week low of $8.91 and a 52-week high of $13.05. The firm has a market cap of $1.41 billion, a P/E ratio of 231.06 and a beta of 2.45.

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

Institutional Investors Weigh In On Helix Energy Solutions Group

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. TD Cowen lowered their price target on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Raymond James started coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 target price on the stock. 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.

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.