Helix Energy Solutions Group (NYSE:HLX) Hits New 52-Week Low - Here's What Happened

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $7.51 and last traded at $7.56, with a volume of 2035626 shares. The stock had previously closed at $8.50.

Helix Energy Solutions Group Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market cap of $981.01 million, a P/E ratio of 161.72 and a beta of 1.91. The firm's fifty day simple moving average is $8.18 and its 200 day simple moving average is $9.29.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The oil and gas company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.09 by $0.04. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The business had revenue of $355.13 million during the quarter, compared to analyst estimates of $311.66 million. As a group, analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HLX. Sunbelt Securities Inc. bought a new position in Helix Energy Solutions Group during the 4th quarter valued at about $34,000. Smartleaf Asset Management LLC raised its holdings in shares of Helix Energy Solutions Group by 143.1% in 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 period. Quarry LP boosted its holdings in Helix Energy Solutions Group by 79.8% during the 4th quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock valued at $45,000 after acquiring an additional 2,120 shares during the period. KBC Group NV grew its holdings in shares of Helix Energy Solutions Group by 61.8% in the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock worth $85,000 after purchasing an additional 3,491 shares during the last quarter. Finally, Vontobel Holding Ltd. purchased a new position in Helix Energy Solutions Group during the 4th quarter worth $93,000. Institutional investors own 91.33% of the company's stock.

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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.