Helix Energy Solutions Group (NYSE:HLX) Sets New 12-Month Low - Here's What Happened

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s share price reached a new 52-week low on Wednesday . The company traded as low as $8.19 and last traded at $8.22, with a volume of 1278870 shares. The stock had previously closed at $8.44.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HLX shares. TD Cowen lowered their target price on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. BTIG Research downgraded Helix Energy Solutions Group from a "buy" rating to a "neutral" rating in a research report on Thursday, October 24th. Finally, StockNews.com upgraded Helix Energy Solutions Group from a "sell" rating to a "hold" rating in a research report on Wednesday, December 4th.

Helix Energy Solutions Group Trading Down 2.0 %

The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.22 billion, a P/E ratio of 200.05 and a beta of 2.46. The firm's 50-day simple moving average is $9.38 and its 200-day simple moving average is $10.14.

Insider Transactions at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, EVP Kenneth English Neikirk sold 83,991 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Scott Andrew Sparks sold 170,000 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the completion of the sale, the chief operating officer now owns 112,634 shares of the company's stock, valued at approximately $1,111,697.58. The trade was a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 269,991 shares of company stock valued at $2,607,137. Insiders own 6.37% of the company's stock.

Hedge Funds Weigh In On Helix Energy Solutions Group

A number of large investors have recently added to or reduced their stakes in HLX. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Helix Energy Solutions Group by 11.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,065,620 shares of the oil and gas company's stock valued at $11,829,000 after purchasing an additional 106,582 shares during the period. Jane Street Group LLC raised its holdings in Helix Energy Solutions Group by 217.0% during the 3rd quarter. Jane Street Group LLC now owns 305,767 shares of the oil and gas company's stock valued at $3,394,000 after buying an additional 209,311 shares during the last quarter. Fisher Asset Management LLC boosted its position in Helix Energy Solutions Group by 3.9% during the 3rd quarter. Fisher Asset Management LLC now owns 1,941,340 shares of the oil and gas company's stock valued at $21,549,000 after buying an additional 72,945 shares during the period. Semanteon Capital Management LP bought a new stake in Helix Energy Solutions Group in the 3rd quarter worth $628,000. Finally, Principal Financial Group Inc. increased its position in shares of Helix Energy Solutions Group by 38.6% in the third quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company's stock valued at $22,919,000 after acquiring an additional 575,450 shares during the period. Hedge funds and other institutional investors own 91.33% of the company's stock.

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.