Helix Energy Solutions Group (NYSE:HLX) Stock Price Down 2.7% – Time to Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares fell 2.7% during mid-day trading on Thursday . The company traded as low as $8.93 and last traded at $9.01. 98,281 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 1,781,667 shares. The stock had previously closed at $9.26.

Wall Street Analyst Weigh In

HLX has been the topic of several research analyst reports. TD Cowen lowered their target price on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. BTIG Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Raymond James began coverage on Helix Energy Solutions Group in a research note on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price target for the company.

Helix Energy Solutions Group Stock Performance

The company’s 50-day moving average price is $9.94 and its two-hundred day moving average price is $10.61. The company has a market cap of $1.39 billion, a P/E ratio of 229.06 and a beta of 2.45. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. During the same period last year, the firm posted $0.19 earnings per share. As a group, equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Insider Buying and Selling

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 170,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $9.87, for a total value of $1,677,900.00. Following the completion of the transaction, the chief operating officer now directly owns 112,634 shares in the company, valued at $1,111,697.58. This trade represents a 60.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Owen E. Kratz sold 298,419 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were 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 disclosure for this sale can be found here. Insiders have sold 484,419 shares of company stock worth $5,394,094 in the last three months. 6.37% of the stock is currently owned by insiders.

Institutional Trading of Helix Energy Solutions Group

Hedge funds have recently modified their holdings of the business. Assetmark Inc. acquired a new position in Helix Energy Solutions Group during the third quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Helix Energy Solutions Group during the 2nd quarter valued at about $45,000. Millburn Ridgefield Corp acquired 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 21.1% in the 3rd quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock valued at $86,000 after purchasing an additional 1,343 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in shares of Helix Energy Solutions Group in the third quarter worth approximately $130,000. 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.