Helix Energy Solutions Group (NYSE:HLX) Issues Earnings Results

Helix Energy Solutions Group (NYSE:HLX) announced its quarterly earnings results on Monday. The oil and gas company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04, Zacks reports. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%.

Helix Energy Solutions Group Stock Performance

Shares of HLX stock traded down $0.04 on Monday, hitting $7.85. The company’s stock had a trading volume of 1,642,151 shares, compared to its average volume of 1,263,250. Helix Energy Solutions Group has a fifty-two week low of $7.76 and a fifty-two week high of $13.05. The company has a market capitalization of $1.19 billion, a PE ratio of 196.20 and a beta of 2.43. The stock’s 50 day moving average is $8.72 and its 200-day moving average is $9.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29.

Insiders Place Their Bets

In other news, 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 transaction of $159,040.00. Following the transaction, the director now directly owns 26,133 shares of the company’s stock, valued at approximately $259,762.02. This trade represents a 37.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Scott Andrew Sparks sold 170,000 shares of Helix Energy Solutions Group stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the completion of the sale, the chief operating officer now owns 112,634 shares of the company’s stock, valued at approximately $1,111,697.58. The trade was a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 269,991 shares of company stock worth $2,607,137 in the last quarter. 6.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th.

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.