Helix Energy Solutions Group (NYSE:HLX) Trading 1% Higher – Here’s What Happened

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s stock price rose 1% during mid-day trading on Tuesday . The company traded as high as $8.40 and last traded at $8.40. Approximately 205,006 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 1,687,021 shares. The stock had previously closed at $8.31.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th.

Helix Energy Solutions Group Stock Up 0.4 %

The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 212.80 and a beta of 2.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The firm’s fifty day moving average price is $8.24 and its 200-day moving average price is $9.34.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Monday, February 24th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $355.13 million during the quarter, compared to analysts’ expectations of $311.66 million. Sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Helix Energy Solutions Group

Several institutional investors and hedge funds have recently made changes to their positions in HLX. CoreCommodity Management LLC boosted its holdings in Helix Energy Solutions Group by 1.4% in the fourth quarter. CoreCommodity Management LLC now owns 129,776 shares of the oil and gas company’s stock valued at $1,210,000 after acquiring an additional 1,780 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Helix Energy Solutions Group by 6.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 33,553 shares of the oil and gas company’s stock worth $313,000 after purchasing an additional 1,950 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Helix Energy Solutions Group by 2.4% in the 4th quarter. MetLife Investment Management LLC now owns 85,270 shares of the oil and gas company’s stock valued at $795,000 after purchasing an additional 1,995 shares during the last quarter. Quarry LP increased its position in shares of 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 period. Finally, Smartleaf Asset Management LLC raised its stake 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. Institutional investors and hedge funds 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.