Helix Energy Solutions Group (NYSE:HLX) Stock Price Down 1% - Time to Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s stock price traded down 1% during mid-day trading on Wednesday . The stock traded as low as $8.30 and last traded at $8.40. 202,858 shares traded hands during trading, a decline of 88% from the average session volume of 1,755,575 shares. The stock had previously closed at $8.48.

Helix Energy Solutions Group Stock Performance

The business has a 50-day simple moving average of $8.18 and a 200 day simple moving average of $9.30. The firm has a market cap of $1.01 billion, a PE ratio of 168.04 and a beta of 2.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.04. The firm had revenue of $355.13 million during the quarter, compared to analyst estimates of $311.66 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. Equities research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HLX. Balyasny Asset Management L.P. lifted its position in shares of Helix Energy Solutions Group by 356.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company's stock worth $23,017,000 after purchasing an additional 1,928,691 shares during the last quarter. Gate City Capital Management LLC acquired a new stake in shares of Helix Energy Solutions Group during the fourth quarter worth $17,639,000. Encompass Capital Advisors LLC raised its position in Helix Energy Solutions Group by 66.2% during the 4th quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company's stock worth $38,243,000 after buying an additional 1,634,764 shares during the last quarter. Pacer Advisors Inc. boosted its position in Helix Energy Solutions Group by 16.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company's stock worth $61,016,000 after purchasing an additional 923,477 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of Helix Energy Solutions Group by 738.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 998,485 shares of the oil and gas company's stock valued at $9,306,000 after purchasing an additional 879,437 shares in the last quarter. 91.33% of the stock is owned by hedge funds and other institutional investors.

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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.