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

Helix Energy Solutions Group (NYSE:HLX) posted its earnings results on Wednesday. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03, Zacks reports. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The business had revenue of $364.80 million for the quarter, compared to analysts’ expectations of $353.19 million. During the same quarter in the prior year, the business earned $0.11 EPS.

Helix Energy Solutions Group Stock Down 0.9 %

Helix Energy Solutions Group stock opened at $12.43 on Friday. Helix Energy Solutions Group has a one year low of $8.82 and a one year high of $13.05. The stock has a fifty day moving average of $11.51 and a 200 day moving average of $10.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.74 and a current ratio of 2.08. The stock has a market cap of $1.89 billion, a PE ratio of -59.19 and a beta of 2.45.

Wall Street Analysts Forecast Growth

Separately, TD Cowen boosted their price objective on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, June 25th.

Insiders Place Their Bets

In other 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 transaction of $30,043.36. Following the completion of the sale, the director now owns 42,133 shares of the company’s stock, valued at approximately $441,975.17. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, COO Scott Andrew Sparks sold 12,000 shares of Helix Energy Solutions Group stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $11.44, for a total transaction of $137,280.00. Following the sale, the chief operating officer now owns 282,634 shares of the company’s stock, valued at approximately $3,233,332.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diana Glassman sold 2,864 shares of Helix Energy Solutions Group stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $10.49, for a total value of $30,043.36. Following the completion of the sale, the director now directly owns 42,133 shares in the company, valued at $441,975.17. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,264 shares of company stock valued at $1,932,544. Insiders own 6.37% 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.