Helix Energy Solutions Group (NYSE:HLX) Sets New 12-Month Low - Should You Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $5.66 and last traded at $6.23, with a volume of 330224 shares traded. The stock had previously closed at $6.61.

Wall Street Analysts Forecast Growth

Separately, Raymond James cut Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $14.00 to $10.00 in a report on Friday.

Helix Energy Solutions Group Stock Down 4.4 %

The firm has a market cap of $953.12 million, a P/E ratio of 157.29 and a beta of 1.91. The firm's 50 day moving average is $7.62 and its two-hundred day moving average is $8.84. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.07. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The company had revenue of $278.06 million for the quarter, compared to analysts' expectations of $285.06 million. As a group, research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Helix Energy Solutions Group

Several large investors have recently modified their holdings of the business. Sunbelt Securities Inc. acquired a new position in shares of Helix Energy Solutions Group in the 4th quarter valued at approximately $34,000. Smartleaf Asset Management LLC boosted 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 valued at $45,000 after buying an additional 2,902 shares during the period. Quarry LP boosted its holdings in shares of Helix Energy Solutions Group by 79.8% in the fourth quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock valued at $45,000 after buying an additional 2,120 shares during the period. KBC Group NV increased its position in shares of Helix Energy Solutions Group by 61.8% during the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock worth $85,000 after acquiring an additional 3,491 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Helix Energy Solutions Group during the fourth quarter worth $93,000. 91.33% of the stock is currently owned by 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.