Helix Energy Solutions Group (NYSE:HLX) Hits New 52-Week Low – Should You Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $8.19 and last traded at $8.22, with a volume of 1278870 shares changing hands. The stock had previously closed at $8.44.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HLX shares. TD Cowen reduced their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 25th. BTIG Research lowered Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. Finally, StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th.

Helix Energy Solutions Group Trading Down 2.6 %

The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 205.53 and a beta of 2.46. The company has a 50-day moving average price of $9.57 and a 200 day moving average price of $10.22. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19.

Insider Transactions at Helix Energy Solutions Group

In other news, Director Diana Glassman sold 16,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was 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 of the company’s stock, valued at $259,762.02. This trade represents a 37.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Scott Andrew Sparks sold 170,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total value of $1,677,900.00. Following the completion of the sale, the chief operating officer now directly owns 112,634 shares of the company’s stock, valued at approximately $1,111,697.58. This trade represents a 60.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 269,991 shares of company stock valued at $2,607,137 over the last quarter. Company insiders own 6.37% of the company’s stock.

Institutional Trading of Helix Energy Solutions Group

A number of institutional investors have recently bought and sold shares of HLX. Assetmark Inc. acquired a new stake in Helix Energy Solutions Group during the third quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Helix Energy Solutions Group during the second quarter valued at $45,000. Millburn Ridgefield Corp acquired a new stake in Helix Energy Solutions Group during the third quarter valued at $61,000. KBC Group NV boosted its position in Helix Energy Solutions Group by 61.8% during the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock valued at $85,000 after purchasing an additional 3,491 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position 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 during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

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.