Helix Energy Solutions Group Inc (NYSE:HLX) – Stock analysts at Piper Jaffray Companies cut their Q4 2018 earnings estimates for Helix Energy Solutions Group in a research note issued to investors on Tuesday, October 23rd. Piper Jaffray Companies analyst I. Macpherson now forecasts that the oil and gas company will post earnings of ($0.07) per share for the quarter, down from their prior forecast of ($0.04).
Other research analysts also recently issued reports about the company. Cowen started coverage on Helix Energy Solutions Group in a report on Saturday, October 13th. They issued a “buy” rating and a $12.00 price target for the company. Zacks Investment Research upgraded Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, October 10th. Finally, ValuEngine upgraded Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a report on Friday, September 28th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $10.20.
Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Monday, October 22nd. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.07. Helix Energy Solutions Group had a return on equity of 2.59% and a net margin of 12.48%. The firm had revenue of $212.58 million during the quarter, compared to the consensus estimate of $203.56 million. During the same period in the previous year, the firm posted $0.02 EPS.
In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 271,532 shares of the business’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $10.09, for a total value of $2,739,757.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Scott Andrew Sparks sold 10,000 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $9.82, for a total value of $98,200.00. Following the completion of the transaction, the chief operating officer now owns 196,109 shares of the company’s stock, valued at $1,925,790.38. The disclosure for this sale can be found here. Insiders sold a total of 1,123,584 shares of company stock valued at $11,027,016 over the last quarter. 5.85% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. James Investment Research Inc. purchased a new stake in shares of Helix Energy Solutions Group during the 3rd quarter valued at $2,155,000. Russell Investments Group Ltd. grew its stake in shares of Helix Energy Solutions Group by 217.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 215,114 shares of the oil and gas company’s stock valued at $2,125,000 after buying an additional 147,337 shares during the period. First Quadrant L P CA purchased a new stake in shares of Helix Energy Solutions Group during the 3rd quarter valued at $200,000. Bank of Montreal Can grew its stake in shares of Helix Energy Solutions Group by 46.1% during the 3rd quarter. Bank of Montreal Can now owns 119,477 shares of the oil and gas company’s stock valued at $1,181,000 after buying an additional 37,687 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Helix Energy Solutions Group by 0.9% during the 2nd quarter. Northern Trust Corp now owns 1,727,824 shares of the oil and gas company’s stock valued at $14,393,000 after buying an additional 15,074 shares during the period. Institutional investors own 89.39% of the company’s stock.
About Helix Energy Solutions Group
Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.
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