Helix Energy Solutions Group (NYSE:HLX) Cut to Sell at StockNews.com

Helix Energy Solutions Group (NYSE:HLX) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Several other research firms also recently issued reports on HLX. Raymond James began coverage on Helix Energy Solutions Group in a report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price objective on the stock. TD Cowen cut their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th.

Helix Energy Solutions Group Stock Performance

Shares of Helix Energy Solutions Group stock opened at $10.80 on Tuesday. Helix Energy Solutions Group has a 52 week low of $8.82 and a 52 week high of $13.05. The business’s fifty day simple moving average is $10.28 and its 200-day simple moving average is $10.81. The firm has a market cap of $1.64 billion, a PE ratio of 270.57 and a beta of 2.43. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The business had revenue of $342.42 million for the quarter, compared to analyst estimates of $354.74 million. During the same quarter in the prior year, the company posted $0.19 EPS. Equities analysts forecast that Helix Energy Solutions Group will post 0.29 earnings per share for the current year.

Insiders Place Their Bets

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the sale, the chief executive officer now owns 7,171,860 shares in the company, valued at $85,488,571.20. This represents a 3.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Helix Energy Solutions Group

Large investors have recently bought and sold shares of the stock. Assetmark Inc. purchased a new stake in Helix Energy Solutions Group during the 3rd quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Helix Energy Solutions Group during the 2nd quarter worth about $45,000. Millburn Ridgefield Corp purchased a new position in shares of Helix Energy Solutions Group in the 3rd quarter valued at about $61,000. GAMMA Investing LLC increased its holdings in shares of Helix Energy Solutions Group by 24.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock valued at $76,000 after acquiring an additional 1,236 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of 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 valued at $108,000 after acquiring an additional 850 shares during the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

About Helix Energy Solutions Group

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.