Helix Energy Solutions Group (NYSE:HLX) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Helix Energy Solutions Group (NYSE:HLX) released its earnings results on Wednesday. The oil and gas company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03, Zacks reports. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The company had revenue of $364.80 million for the quarter, compared to analysts’ expectations of $353.19 million. During the same quarter last year, the business earned $0.11 EPS.

Helix Energy Solutions Group Price Performance

Shares of Helix Energy Solutions Group stock traded up $0.05 on Friday, hitting $12.59. 1,298,177 shares of the company traded hands, compared to its average volume of 1,775,616. The stock has a market capitalization of $1.92 billion, a P/E ratio of -60.33 and a beta of 2.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.74 and a current ratio of 1.74. Helix Energy Solutions Group has a 52 week low of $8.82 and a 52 week high of $13.05. The business has a 50-day simple moving average of $11.49 and a 200 day simple moving average of $10.72.

Insider Activity

In other news, CEO Owen E. Kratz sold 141,879 shares of Helix Energy Solutions Group stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $11.83, for a total transaction of $1,678,428.57. Following the sale, the chief executive officer now owns 7,643,646 shares in the company, valued at $90,424,332.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Owen E. Kratz sold 141,879 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $11.83, for a total value of $1,678,428.57. Following the completion of the transaction, the chief executive officer now directly owns 7,643,646 shares of the company’s stock, valued at $90,424,332.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Diana Glassman sold 2,864 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $10.49, for a total transaction of $30,043.36. Following the completion of the transaction, the director now directly owns 42,133 shares of the company’s stock, valued at $441,975.17. The disclosure for this sale can be found here. Insiders have sold a total of 164,264 shares of company stock worth $1,932,544 over the last quarter. Insiders own 6.37% of the company’s stock.

Analyst Ratings Changes

Separately, TD Cowen raised their target price on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th.

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.