Kenneth English Neikirk Sells 83,991 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) Stock

Helix Energy Solutions Group, Inc. (NYSE:HLX) EVP Kenneth English Neikirk sold 83,991 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $9.17, for a total value of $770,197.47. Following the transaction, the executive vice president now directly owns 104,549 shares in the company, valued at $958,714.33. The trade was a 44.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Helix Energy Solutions Group Trading Down 1.7 %

Shares of NYSE:HLX opened at $9.52 on Friday. Helix Energy Solutions Group, Inc. has a 12-month low of $8.81 and a 12-month high of $13.05. The company has a market cap of $1.45 billion, a PE ratio of 238.06 and a beta of 2.46. The stock has a 50 day moving average of $9.91 and a 200 day moving average of $10.55. 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 announced its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The firm had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. During the same period in the prior year, the company posted $0.19 earnings per share. As a group, equities research analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HLX shares. 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 target price on the stock. StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. TD Cowen decreased their price target on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th.

Hedge Funds Weigh In On Helix Energy Solutions Group

Several large investors have recently made changes to their positions in HLX. Assetmark Inc. bought a new stake in Helix Energy Solutions Group during the 3rd quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Helix Energy Solutions Group during the second quarter valued at approximately $45,000. Millburn Ridgefield Corp purchased a new position in shares of Helix Energy Solutions Group in the third quarter worth $61,000. GAMMA Investing LLC boosted its position in shares of Helix Energy Solutions Group by 21.1% during the third quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock worth $86,000 after acquiring an additional 1,343 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Helix Energy Solutions Group during the third quarter worth $130,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

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.