Helix Energy Solutions Group (NYSE:HLX) Hits New 12-Month Low – What’s Next?

Helix Energy Solutions Group, Inc. (NYSE:HLX) hit a new 52-week low on Thursday . The stock traded as low as $8.61 and last traded at $8.68, with a volume of 114303 shares traded. The stock had previously closed at $8.69.

Analyst Ratings Changes

Several brokerages have recently weighed in on HLX. TD Cowen cut their target price on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, BTIG Research lowered Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th.

Helix Energy Solutions Group Stock Performance

The company has a market cap of $1.31 billion, a price-to-earnings ratio of 215.48 and a beta of 2.46. The firm has a 50-day simple moving average of $9.71 and a 200 day simple moving average of $10.33. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $342.42 million for the quarter, compared to analyst estimates of $354.74 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. During the same quarter in the previous year, the company posted $0.19 earnings per share. On average, sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 170,000 shares of Helix Energy Solutions Group stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total value of $1,677,900.00. Following the transaction, the chief operating officer now directly owns 112,634 shares in the company, valued at approximately $1,111,697.58. This trade represents a 60.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kenneth English Neikirk sold 83,991 shares of Helix Energy Solutions Group stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $9.17, for a total value of $770,197.47. Following the completion of the transaction, the executive vice president now owns 104,549 shares in the company, valued at $958,714.33. This trade represents a 44.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 269,991 shares of company stock valued at $2,607,137 over the last quarter. Company insiders own 6.37% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HLX. State Street Corp boosted its stake in shares of Helix Energy Solutions Group by 3.8% in the third quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company’s stock valued at $73,973,000 after buying an additional 246,577 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Helix Energy Solutions Group by 16.4% in the fourth quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock valued at $61,016,000 after buying an additional 923,477 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Helix Energy Solutions Group by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,286,917 shares of the oil and gas company’s stock valued at $36,492,000 after buying an additional 25,432 shares in the last quarter. Systematic Financial Management LP boosted its stake in shares of Helix Energy Solutions Group by 10.5% in the third quarter. Systematic Financial Management LP now owns 2,480,765 shares of the oil and gas company’s stock valued at $27,536,000 after buying an additional 236,222 shares in the last quarter. Finally, Encompass Capital Advisors LLC boosted its stake in shares of Helix Energy Solutions Group by 2.4% in the second quarter. Encompass Capital Advisors LLC now owns 2,124,306 shares of the oil and gas company’s stock valued at $25,364,000 after buying an additional 50,570 shares in the last quarter. 91.33% of the stock is currently owned by hedge funds and other 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.