Helix Energy Solutions Group (NYSE:HLX) Trading Down 8.2% - Time to Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) traded down 8.2% on Friday . The company traded as low as $6.66 and last traded at $6.93. 661,587 shares changed hands during trading, a decline of 62% from the average session volume of 1,751,822 shares. The stock had previously closed at $7.54.

Helix Energy Solutions Group Stock Down 9.1 %

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 company has a fifty day simple moving average of $8.06 and a two-hundred day simple moving average of $9.21. The firm has a market capitalization of $899.33 million, a PE ratio of 148.41 and a beta of 1.91.

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. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The company had revenue of $355.13 million during the quarter, compared to analyst estimates of $311.66 million. Analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Institutional Trading of Helix Energy Solutions Group

Large investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. purchased a new stake in Helix Energy Solutions Group during the 4th quarter valued at about $34,000. Smartleaf Asset Management LLC lifted its holdings in shares of Helix Energy Solutions Group by 143.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 2,902 shares during the period. Quarry LP boosted its position in 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 last quarter. KBC Group NV increased its holdings in Helix Energy Solutions Group by 61.8% in the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock worth $85,000 after buying an additional 3,491 shares during the period. Finally, Vontobel Holding Ltd. purchased a new position in Helix Energy Solutions Group during the 4th quarter worth approximately $93,000. Hedge funds and other institutional investors own 91.33% of the company's stock.

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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.