Helix Energy Solutions Group (NYSE:HLX) Sets New 1-Year Low - Should You Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $8.81 and last traded at $9.13, with a volume of 225832 shares changing hands. The stock had previously closed at $9.02.

Analyst Ratings Changes

HLX has been the topic of a number of recent research reports. BTIG Research cut Helix Energy Solutions Group from a "buy" rating to a "neutral" rating in a research note on Thursday, October 24th. TD Cowen reduced their price target on Helix Energy Solutions Group from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Raymond James initiated coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They issued a "strong-buy" rating and a $14.00 price objective for the company. Finally, StockNews.com upgraded shares of Helix Energy Solutions Group from a "sell" rating to a "hold" rating in a research note on Wednesday, December 4th.

Helix Energy Solutions Group Stock Up 0.1 %

The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 225.81 and a beta of 2.45. 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 50 day moving average price of $10.04 and a two-hundred day moving average price of $10.64.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $342.42 million during the quarter, compared to the consensus estimate of $354.74 million. During the same quarter in the prior year, the business posted $0.19 earnings per share. As a group, sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Insider Transactions at Helix Energy Solutions Group

In other news, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the completion of the transaction, the chief executive officer now owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. This trade represents a 3.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Scott Andrew Sparks sold 170,000 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $9.87, for a total value of $1,677,900.00. Following the sale, the chief operating officer now directly owns 112,634 shares in the company, valued at approximately $1,111,697.58. This represents a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 484,419 shares of company stock valued at $5,394,094. 6.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Helix Energy Solutions Group

A number of hedge funds have recently added to or reduced their stakes in HLX. Assetmark Inc. acquired a new position in Helix Energy Solutions Group in the third quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Helix Energy Solutions Group in the 2nd quarter worth approximately $45,000. Millburn Ridgefield Corp acquired a new position in Helix Energy Solutions Group during the 3rd quarter valued at approximately $61,000. GAMMA Investing LLC grew its stake in Helix Energy Solutions Group by 21.1% during the 3rd quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company's stock worth $86,000 after buying an additional 1,343 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Helix Energy Solutions Group in the third quarter worth $130,000. Institutional investors and hedge funds own 91.33% of the company's stock.

Helix Energy Solutions Group Company Profile

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.