Helix Energy Solutions Group (NYSE:HLX) Reaches New 52-Week Low - Here's Why

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $8.61 and last traded at $8.68, with a volume of 114303 shares changing hands. The stock had previously closed at $8.69.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. BTIG Research lowered shares of Helix Energy Solutions Group from a "buy" rating to a "neutral" rating in a report on Thursday, October 24th. StockNews.com raised Helix Energy Solutions Group from a "sell" rating to a "hold" rating in a report on Wednesday, December 4th. Finally, TD Cowen lowered their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Friday, October 25th.

Helix Energy Solutions Group Stock Performance

The firm's fifty day moving average price is $9.64 and its 200-day moving average price is $10.30. 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 firm has a market cap of $1.30 billion, a price-to-earnings ratio of 213.43 and a beta of 2.46.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The company had revenue of $342.42 million for the quarter, compared to analyst estimates of $354.74 million. During the same quarter last year, the company posted $0.19 earnings per share. Analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, Director Diana Glassman sold 16,000 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total transaction of $159,040.00. Following the completion of the sale, the director now directly owns 26,133 shares of the company's stock, valued at $259,762.02. This represents a 37.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth English Neikirk sold 83,991 shares of Helix Energy Solutions Group stock in a transaction on Monday, December 30th. The shares were sold at an average price of $9.17, for a total transaction of $770,197.47. Following the completion of the transaction, the executive vice president now owns 104,549 shares in the company, valued at approximately $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. Over the last quarter, insiders sold 269,991 shares of company stock worth $2,607,137. 6.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Diversified Trust Co boosted its holdings in Helix Energy Solutions Group by 2.1% in the 3rd quarter. Diversified Trust Co now owns 49,348 shares of the oil and gas company's stock valued at $548,000 after purchasing an additional 1,005 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Helix Energy Solutions Group by 21.1% in the third quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company's stock valued at $86,000 after buying an additional 1,343 shares in the last quarter. Doheny Asset Management CA grew its holdings in Helix Energy Solutions Group by 1.8% during the second quarter. Doheny Asset Management CA now owns 164,584 shares of the oil and gas company's stock worth $1,965,000 after acquiring an additional 2,964 shares during the period. Assetmark Inc. purchased a new position in Helix Energy Solutions Group in the third quarter worth $33,000. Finally, Sei Investments Co. lifted its holdings in Helix Energy Solutions Group by 12.3% in the second quarter. Sei Investments Co. now owns 31,545 shares of the oil and gas company's stock valued at $377,000 after acquiring an additional 3,451 shares during the period. 91.33% of the stock is owned by hedge funds and other institutional investors.

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.