Helix Energy Solutions Group (NYSE:HLX) Shares Gap Up to $11.05

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares gapped up prior to trading on Monday . The stock had previously closed at $11.05, but opened at $11.39. Helix Energy Solutions Group shares last traded at $11.45, with a volume of 91,396 shares trading hands.

Analysts Set New Price Targets

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

Helix Energy Solutions Group Price Performance

The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $11.38 and a 200-day moving average of $10.91. The firm has a market capitalization of $1.72 billion, a P/E ratio of -53.95 and a beta of 2.45.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The business had revenue of $364.80 million for the quarter, compared to analyst estimates of $353.19 million. During the same period last year, the firm earned $0.11 earnings per share. On average, sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling

In other news, Director Diana Glassman sold 2,864 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 42,133 shares in the company, valued at approximately $441,975.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.37% of the stock is owned by company insiders.

Institutional Trading of Helix Energy Solutions Group

Several institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC increased its position in 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 period. Arizona State Retirement System lifted its holdings in Helix Energy Solutions Group by 3.0% during the 2nd quarter. Arizona State Retirement System now owns 40,535 shares of the oil and gas company’s stock worth $484,000 after buying an additional 1,187 shares during the period. GAMMA Investing LLC grew its position 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 buying an additional 1,236 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in Helix Energy Solutions Group by 10.2% in the first quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company’s stock valued at $163,000 after acquiring an additional 1,391 shares during the last quarter. Finally, Meeder Advisory Services Inc. boosted its position in Helix Energy Solutions Group by 9.5% during the second quarter. Meeder Advisory Services Inc. now owns 16,618 shares of the oil and gas company’s stock valued at $198,000 after acquiring an additional 1,445 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors.

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.