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

Helix Energy Solutions Group (NYSE:HLX) released its earnings results on Sunday. The oil and gas company reported $0.03 earnings per share for the quarter, beating the Zacks’ 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 in the prior year, the company posted $0.05 earnings per share.

Shares of Helix Energy Solutions Group stock traded down $0.63 on Tuesday, reaching $4.70. 61,774 shares of the company traded hands, compared to its average volume of 2,185,116. Helix Energy Solutions Group has a 52 week low of $0.99 and a 52 week high of $8.26. The company has a 50 day moving average of $4.61 and a 200 day moving average of $3.72. The firm has a market capitalization of $705.76 million, a PE 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 shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $4.50.

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

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