Helix Energy Solutions Group (NYSE:HLX) Issues Earnings Results, Beats Expectations By $0.11 EPS

Helix Energy Solutions Group (NYSE:HLX) released its quarterly earnings data on Sunday. The oil and gas company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.11, MarketWatch Earnings reports. Helix Energy Solutions Group had a net margin of 3.50% and a return on equity of 0.53%. During the same quarter last year, the business posted $0.05 EPS.

HLX stock traded down $0.63 during trading hours on Tuesday, reaching $4.70. 59,579 shares of the stock were exchanged, compared to its average volume of 2,185,116. The firm’s 50-day moving average is $4.61 and its 200-day moving average is $3.72. Helix Energy Solutions Group has a 12 month low of $0.99 and a 12 month high of $8.26. The company has a market cap of $705.76 million, a price-to-earnings ratio of 29.88 and a beta of 3.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.88 and a quick ratio of 1.89.

Separately, Zacks Investment Research raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Helix Energy Solutions Group currently has an average rating of “Buy” and a consensus price target of $4.50.

Helix Energy Solutions Group Company Profile

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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Earnings History for Helix Energy Solutions Group (NYSE:HLX)

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