Helix Energy Solutions Group (NYSE:HLX) Stock Price Up 1.4% – Here’s What Happened

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s share price was up 1.4% during trading on Monday . The company traded as high as $6.70 and last traded at $6.60. Approximately 154,661 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 1,779,395 shares. The stock had previously closed at $6.51.

Helix Energy Solutions Group Stock Performance

The firm’s 50-day simple moving average is $7.87 and its two-hundred day simple moving average is $9.06. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $966.00 million, a PE ratio of 159.41 and a beta of 1.91.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Monday, February 24th. The oil and gas company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.04. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The firm had revenue of $355.13 million for the quarter, compared to analyst estimates of $311.66 million. On average, equities research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. acquired a new position in shares of Helix Energy Solutions Group in the fourth quarter worth $34,000. Smartleaf Asset Management LLC increased its position in Helix Energy Solutions Group by 143.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 2,902 shares during the last quarter. Quarry LP raised its stake in shares of Helix Energy Solutions Group by 79.8% during the 4th quarter. Quarry LP now owns 4,776 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 2,120 shares in the last quarter. KBC Group NV lifted its holdings in shares of Helix Energy Solutions Group by 61.8% during the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock valued at $85,000 after buying an additional 3,491 shares during the last quarter. Finally, Vontobel Holding Ltd. bought a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at approximately $93,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

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.