Helix Energy Solutions Group (NYSE:HLX) Reaches New 12-Month Low - What's Next?

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 $5.77 and last traded at $6.90, with a volume of 2793636 shares trading hands. The stock had previously closed at $5.98.

Helix Energy Solutions Group Trading Up 0.9 %

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 business has a 50 day simple moving average of $7.94 and a 200-day simple moving average of $9.11. The stock has a market capitalization of $995.55 million, a P/E ratio of 164.29 and a beta of 1.91.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its earnings results on Monday, February 24th. The oil and gas company reported $0.13 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $311.66 million. On average, analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Institutional Trading of Helix Energy Solutions Group

Several institutional investors and hedge funds have recently bought and sold shares of HLX. Vanguard Group Inc. raised its holdings in shares of Helix Energy Solutions Group by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company's stock valued at $130,941,000 after acquiring an additional 343,673 shares during the period. State Street Corp lifted its holdings in shares of Helix Energy Solutions Group by 3.8% in the third quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company's stock valued at $73,973,000 after purchasing an additional 246,577 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Helix Energy Solutions Group by 16.4% in the fourth quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company's stock worth $61,016,000 after buying an additional 923,477 shares during the period. American Century Companies Inc. grew its holdings in shares of Helix Energy Solutions Group by 10.2% during the fourth quarter. American Century Companies Inc. now owns 4,727,037 shares of the oil and gas company's stock valued at $44,056,000 after buying an additional 437,814 shares in the last quarter. Finally, Encompass Capital Advisors LLC raised its position in Helix Energy Solutions Group by 66.2% during the fourth quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company's stock valued at $38,243,000 after buying an additional 1,634,764 shares during the period. Institutional investors and hedge funds 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.