Helix Energy Solutions Group (NYSE:HLX) Trading Down 8.2% – Here’s What Happened

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) dropped 8.2% on Friday . The stock traded as low as $6.66 and last traded at $6.93. Approximately 661,587 shares changed hands during trading, a decline of 62% from the average daily volume of 1,751,822 shares. The stock had previously closed at $7.54.

Helix Energy Solutions Group Stock Down 10.9 %

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 company has a market capitalization of $1.01 billion, a P/E ratio of 168.04 and a beta of 2.41. The firm’s 50 day moving average price is $8.18 and its two-hundred day moving average price is $9.30.

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

Institutional Trading of Helix Energy Solutions Group

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

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.