Helix Energy Solutions Group (NYSE:HLX) Announces Earnings Results, Beats Estimates By $0.03 EPS

Helix Energy Solutions Group (NYSE:HLX) issued its earnings results on Wednesday. The oil and gas company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03, Zacks reports. The company had revenue of $364.80 million for the quarter, compared to analyst estimates of $353.19 million. Helix Energy Solutions Group had a negative net margin of 2.39% and a positive return on equity of 3.22%. During the same period in the previous year, the firm earned $0.11 EPS.

Helix Energy Solutions Group Price Performance

Shares of Helix Energy Solutions Group stock traded up $0.02 on Thursday, hitting $12.55. The company’s stock had a trading volume of 4,204,409 shares, compared to its average volume of 1,778,977. The firm has a fifty day moving average price of $11.48 and a 200-day moving average price of $10.70. Helix Energy Solutions Group has a 52-week low of $8.39 and a 52-week high of $13.05. The company has a market capitalization of $1.91 billion, a P/E ratio of -59.28 and a beta of 2.45. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.21.

Wall Street Analysts Forecast Growth

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

Insider Activity at Helix Energy Solutions Group

In related news, Director Diana Glassman sold 2,864 shares of the business’s stock in a transaction dated 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 owns 42,133 shares of the company’s stock, valued at approximately $441,975.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Owen E. Kratz sold 141,879 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $11.83, for a total transaction of $1,678,428.57. Following the completion of the transaction, the chief executive officer now owns 7,643,646 shares of the company’s stock, valued at approximately $90,424,332.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Diana Glassman sold 2,864 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $441,975.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,264 shares of company stock valued at $1,932,544. 6.37% of the stock is owned by insiders.

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.