Helix Energy Solutions Group (NYSE:HLX) Stock Price Down 2.2% - Time to Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s stock price dropped 2.2% during mid-day trading on Tuesday . The company traded as low as $6.54 and last traded at $6.38. Approximately 349,257 shares were traded during trading, a decline of 80% from the average daily volume of 1,764,876 shares. The stock had previously closed at $6.53.

Helix Energy Solutions Group Stock Performance

The firm has a market cap of $985.70 million, a price-to-earnings ratio of 162.67 and a beta of 1.91. The stock's fifty day moving average is $7.94 and its two-hundred day moving average is $9.12. 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 issued its quarterly earnings results on Monday, February 24th. The oil and gas company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.04. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The company had revenue of $355.13 million for the quarter, compared to analyst estimates of $311.66 million. On average, analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of institutional investors have recently bought and sold shares of HLX. Vanguard Group Inc. increased its stake in shares of Helix Energy Solutions Group by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company's stock worth $130,941,000 after acquiring an additional 343,673 shares during the last quarter. State Street Corp increased its position in Helix Energy Solutions Group by 3.8% in the 3rd quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company's stock worth $73,973,000 after purchasing an additional 246,577 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Helix Energy Solutions Group by 16.4% during 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. American Century Companies Inc. lifted its holdings in shares of Helix Energy Solutions Group by 10.2% during the 4th 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 during the last quarter. Finally, Encompass Capital Advisors LLC grew its stake in shares of Helix Energy Solutions Group by 66.2% in the 4th 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 in the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

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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.