Helix Energy Solutions Group (NYSE:HLX) Shares Gap Down to $12.53

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $12.53, but opened at $12.01. Helix Energy Solutions Group shares last traded at $12.22, with a volume of 103,224 shares trading hands.

Analysts Set New Price Targets

Separately, TD Cowen upped 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 note on Tuesday, June 25th.

Helix Energy Solutions Group Stock Down 0.6 %

The company has a market capitalization of $1.90 billion, a PE ratio of -59.28 and a beta of 2.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.74 and a current ratio of 1.74. The stock’s 50 day moving average is $11.48 and its 200 day moving average is $10.70.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Helix Energy Solutions Group had a negative net margin of 2.39% and a positive return on equity of 3.22%. The company had revenue of $364.80 million for the quarter, compared to analysts’ expectations of $353.19 million. During the same period in the prior year, the company posted $0.11 EPS. On average, sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Diana Glassman sold 2,864 shares of Helix Energy Solutions Group 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 directly owns 42,133 shares of the company’s stock, valued at approximately $441,975.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Helix Energy Solutions Group 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 value of $30,043.36. Following the completion of the sale, the director now directly owns 42,133 shares of the company’s stock, valued at $441,975.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Scott Andrew Sparks sold 12,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 282,634 shares of the company’s stock, valued at $3,233,332.96. The disclosure for this sale can be found here. Insiders have sold 164,264 shares of company stock worth $1,932,544 in the last three months. 6.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Helix Energy Solutions Group

Several hedge funds have recently added to or reduced their stakes in HLX. Glenorchy Capital Ltd bought a new position in shares of Helix Energy Solutions Group during the fourth quarter valued at about $2,695,000. Russell Investments Group Ltd. lifted its stake in Helix Energy Solutions Group by 141.6% during the 4th quarter. Russell Investments Group Ltd. now owns 158,235 shares of the oil and gas company’s stock valued at $1,627,000 after acquiring an additional 92,731 shares during the period. Dimensional Fund Advisors LP grew its position in Helix Energy Solutions Group by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,906,292 shares of the oil and gas company’s stock worth $112,118,000 after purchasing an additional 489,105 shares during the period. ARGA Investment Management LP bought a new stake in Helix Energy Solutions Group in the 1st quarter worth approximately $861,000. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Helix Energy Solutions Group by 14.2% during the 1st quarter. First Eagle Investment Management LLC now owns 325,758 shares of the oil and gas company’s stock valued at $3,531,000 after buying an additional 40,500 shares during the period. 91.33% of the stock is owned by 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.