Helix Energy Solutions Group (NYSE:HLX) Trading Down 8.4% - Time to Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s stock price dropped 8.4% on Thursday . The stock traded as low as $6.19 and last traded at $6.31. Approximately 376,044 shares changed hands during trading, a decline of 79% from the average daily volume of 1,776,081 shares. The stock had previously closed at $6.88.

Helix Energy Solutions Group Stock Down 0.3 %

The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The company has a market cap of $983.43 million, a price-to-earnings ratio of 162.29 and a beta of 1.91. The business has a fifty day moving average price of $7.94 and a two-hundred day moving average price of $9.11.

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, beating the consensus estimate 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 firm had revenue of $355.13 million for the quarter, compared to analyst estimates of $311.66 million. On average, equities analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. CoreCommodity Management LLC lifted its holdings in shares of Helix Energy Solutions Group by 1.4% during the 4th quarter. CoreCommodity Management LLC now owns 129,776 shares of the oil and gas company's stock valued at $1,210,000 after buying an additional 1,780 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Helix Energy Solutions Group by 6.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 33,553 shares of the oil and gas company's stock valued at $313,000 after acquiring an additional 1,950 shares during the last quarter. MetLife Investment Management LLC grew its position in Helix Energy Solutions Group by 2.4% in the fourth quarter. MetLife Investment Management LLC now owns 85,270 shares of the oil and gas company's stock worth $795,000 after acquiring an additional 1,995 shares in the last quarter. Quarry LP increased its stake in shares of Helix Energy Solutions Group by 79.8% during the 4th quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 2,120 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Helix Energy Solutions Group by 143.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company's stock valued at $45,000 after purchasing an additional 2,902 shares in the last quarter. 91.33% of the stock is 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.