Helix Energy Solutions Group (NYSE:HLX) Trading 1% Higher - Here's What Happened

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) rose 1% on Tuesday . The company traded as high as $8.40 and last traded at $8.40. Approximately 205,006 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 1,687,021 shares. The stock had previously closed at $8.31.

Helix Energy Solutions Group Price Performance

The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 168.04 and a beta of 2.41. 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 50-day simple moving average of $8.22 and a two-hundred day simple moving average of $9.32.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its quarterly earnings data 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 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 the consensus estimate of $311.66 million. As a group, equities research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Institutional Investors Weigh In On Helix Energy Solutions Group

Hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. acquired a new stake in shares of Helix Energy Solutions Group during the 4th quarter worth about $34,000. Smartleaf Asset Management LLC lifted its position in 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 acquiring an additional 2,902 shares during the last quarter. Quarry LP boosted its holdings in shares of Helix Energy Solutions Group by 79.8% during the fourth quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock worth $45,000 after acquiring an additional 2,120 shares during the period. Millburn Ridgefield Corp acquired a new position in shares of Helix Energy Solutions Group in the third quarter valued at approximately $61,000. Finally, KBC Group NV increased its stake in shares of Helix Energy Solutions Group by 61.8% during the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock worth $85,000 after purchasing an additional 3,491 shares during the period. Institutional investors and hedge funds own 91.33% of the company's stock.

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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.