Helix Energy Solutions Group (NYSE:HLX) released its quarterly earnings results on Monday. The oil and gas company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05, RTT News reports. Helix Energy Solutions Group had a return on equity of 1.93% and a net margin of 4.27%. The business had revenue of $212.61 million during the quarter, compared to analyst estimates of $211.72 million. During the same period last year, the business posted $0.18 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis.
Shares of HLX traded up $0.30 during midday trading on Monday, hitting $8.31. 1,389,263 shares of the stock were exchanged, compared to its average volume of 1,119,242. Helix Energy Solutions Group has a 52-week low of $5.05 and a 52-week high of $10.83. The stock has a fifty day simple moving average of $8.16 and a 200 day simple moving average of $7.91. The firm has a market cap of $1.23 billion, a P/E ratio of 43.74 and a beta of 2.80. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.47 and a current ratio of 1.47.
Several research firms have recently commented on HLX. Zacks Investment Research upgraded Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research report on Friday. ValuEngine upgraded Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $10.17.
In related news, Director Nancy K. Quinn sold 12,677 shares of Helix Energy Solutions Group stock in a transaction on Monday, September 16th. The stock was sold at an average price of $9.58, for a total value of $121,445.66. Following the completion of the transaction, the director now directly owns 104,466 shares in the company, valued at $1,000,784.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Erik Staffeldt sold 17,027 shares of Helix Energy Solutions Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $9.50, for a total value of $161,756.50. Following the completion of the transaction, the chief financial officer now owns 157,467 shares of the company’s stock, valued at $1,495,936.50. The disclosure for this sale can be found here. Company insiders own 5.45% of the company’s stock.
Helix Energy Solutions Group Company Profile
Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.
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