Helix Energy Solutions Group (NYSE:HLX) Stock Price Down 2.1% - What's Next?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s stock price traded down 2.1% during trading on Friday . The stock traded as low as $6.16 and last traded at $6.19. 372,090 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 1,778,799 shares. The stock had previously closed at $6.32.

Helix Energy Solutions Group Price Performance

The stock has a market capitalization of $966.00 million, a PE ratio of 159.41 and a beta of 1.91. The business's 50-day moving average price is $7.90 and its 200 day moving average price is $9.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly 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. The business had revenue of $355.13 million during the quarter, compared to analysts' expectations of $311.66 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. Research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On Helix Energy Solutions Group

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Helix Energy Solutions Group by 3.8% during 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 acquiring an additional 246,577 shares in the last quarter. Wolverine Trading LLC purchased a new stake in shares of Helix Energy Solutions Group in the 3rd quarter worth $239,000. Jane Street Group LLC lifted its position in Helix Energy Solutions Group by 217.0% during the third quarter. Jane Street Group LLC now owns 305,767 shares of the oil and gas company's stock valued at $3,394,000 after purchasing an additional 209,311 shares in the last quarter. Barclays PLC grew its holdings in Helix Energy Solutions Group by 269.0% during the third quarter. Barclays PLC now owns 306,482 shares of the oil and gas company's stock valued at $3,402,000 after purchasing an additional 223,432 shares during the period. Finally, Geode Capital Management LLC increased its position in Helix Energy Solutions Group by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,286,917 shares of the oil and gas company's stock worth $36,492,000 after buying an additional 25,432 shares in the last quarter. 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.