Helix Energy Solutions Group (NYSE:HLX) Reaches New 12-Month High at $12.35

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $12.35 and last traded at $12.27, with a volume of 993845 shares. The stock had previously closed at $11.83.

Analyst Ratings Changes

Separately, TD Cowen lifted their target price on Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th.

Helix Energy Solutions Group Stock Performance

The firm’s fifty day simple moving average is $11.23 and its 200 day simple moving average is $10.53. The company has a market capitalization of $1.87 billion, a PE ratio of -58.71 and a beta of 2.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.74 and a quick ratio of 1.74.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Wednesday, April 24th. The oil and gas company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The company had revenue of $296.21 million during the quarter, compared to analysts’ expectations of $303.00 million. Helix Energy Solutions Group had a positive return on equity of 3.22% and a negative net margin of 2.39%. On average, research analysts predict that Helix Energy Solutions Group, Inc. will post 0.39 EPS for the current year.

Insider Transactions at Helix Energy Solutions Group

In related news, Director Diana Glassman sold 2,864 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $10.49, for a total value of $30,043.36. Following the completion of the transaction, the director now directly owns 42,133 shares in the company, valued at approximately $441,975.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Diana Glassman sold 2,864 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $10.49, for a total transaction of $30,043.36. Following the sale, the director now directly owns 42,133 shares in the company, valued at approximately $441,975.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Owen E. Kratz sold 7,521 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $11.54, for a total value of $86,792.34. Following the completion of the transaction, the chief executive officer now directly owns 7,471,329 shares of the company’s stock, valued at approximately $86,219,136.66. The disclosure for this sale can be found here. Insiders have sold 164,264 shares of company stock valued at $1,932,544 in the last 90 days. 6.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC boosted its holdings in Helix Energy Solutions Group by 10.4% in the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock worth $108,000 after buying an additional 850 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Helix Energy Solutions Group by 24.0% in the second quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock worth $76,000 after acquiring an additional 1,236 shares during the last quarter. Ancora Advisors LLC boosted its stake in shares of Helix Energy Solutions Group by 35.7% in the first quarter. Ancora Advisors LLC now owns 392,807 shares of the oil and gas company’s stock worth $4,258,000 after acquiring an additional 103,430 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Helix Energy Solutions Group by 4.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 175,075 shares of the oil and gas company’s stock worth $1,899,000 after purchasing an additional 6,871 shares in the last quarter. Finally, MQS Management LLC purchased a new position in Helix Energy Solutions Group in the 1st quarter valued at $282,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Company Profile

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.