Helix Energy Solutions Group (NYSE:HLX - Get Free Report) posted its earnings results on Wednesday. The oil and gas company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07, Zacks reports. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The firm had revenue of $278.06 million during the quarter, compared to analysts' expectations of $285.06 million.
Helix Energy Solutions Group Price Performance
Shares of Helix Energy Solutions Group stock traded down $0.24 during trading on Friday, hitting $6.35. The stock had a trading volume of 1,514,124 shares, compared to its average volume of 1,800,948. The business has a fifty day moving average of $7.66 and a two-hundred day moving average of $8.87. The firm has a market cap of $961.46 million, a P/E ratio of 158.16 and a beta of 1.91. Helix Energy Solutions Group has a fifty-two week low of $5.66 and a fifty-two week high of $13.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29.
Analyst Ratings Changes
Separately, Raymond James cut shares of Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $14.00 to $10.00 in a research note on Friday.
Check Out Our Latest Stock Analysis on HLX
About Helix Energy Solutions Group
(
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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.
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