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 traded.

Analyst Ratings Changes

Separately, TD Cowen upped their price target on 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.

Helix Energy Solutions Group Stock Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 2.08. The business has a 50-day simple moving average of $11.41 and a 200 day simple moving average of $10.93. The firm has a market cap of $1.72 billion, a PE ratio of -53.62 and a beta of 2.45.

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

Insider Transactions at Helix Energy Solutions Group

In other news, Director Diana Glassman sold 2,864 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was 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 $441,975.17. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.37% of the company’s stock.

Institutional Investors Weigh In On Helix Energy Solutions Group

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Helix Energy Solutions Group by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock valued at $144,897,000 after purchasing an additional 152,413 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Helix Energy Solutions Group by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock valued at $131,559,000 after purchasing an additional 254,880 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Helix Energy Solutions Group in the 2nd quarter valued at approximately $81,862,000. American Century Companies Inc. lifted its stake in shares of Helix Energy Solutions Group by 24.9% in the 2nd quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock valued at $40,756,000 after purchasing an additional 680,635 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Helix Energy Solutions Group by 99.9% in the 4th quarter. Wellington Management Group LLP now owns 3,107,643 shares of the oil and gas company’s stock valued at $31,947,000 after purchasing an additional 1,552,693 shares during the last quarter. 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.