Helix Energy Solutions Group (NYSE:HLX) Trading Down 0% - Should You Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s stock price fell 0% during trading on Wednesday . The company traded as low as $5.77 and last traded at $5.98. 344,233 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,770,045 shares. The stock had previously closed at $5.98.

Helix Energy Solutions Group Price Performance

The company has a 50 day moving average of $7.94 and a 200 day moving average of $9.12. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $985.70 million, a price-to-earnings ratio of 162.67 and a beta of 1.91.

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 earnings per share for the quarter, topping 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 business had revenue of $355.13 million for the quarter, compared to analyst estimates 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 fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HLX. Principal Financial Group Inc. increased its stake in Helix Energy Solutions Group by 18.3% during the fourth quarter. Principal Financial Group Inc. now owns 2,443,203 shares of the oil and gas company's stock worth $22,771,000 after acquiring an additional 378,394 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Helix Energy Solutions Group by 217.0% during the 3rd quarter. Jane Street Group LLC now owns 305,767 shares of the oil and gas company's stock worth $3,394,000 after purchasing an additional 209,311 shares during the period. Forge First Asset Management Inc. purchased a new position in Helix Energy Solutions Group in the fourth quarter valued at approximately $5,565,000. Wellington Management Group LLP lifted its position in Helix Energy Solutions Group by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock valued at $30,590,000 after buying an additional 396,666 shares in the last quarter. Finally, Amundi lifted its position in Helix Energy Solutions Group by 191.9% during the fourth quarter. Amundi now owns 89,714 shares of the oil and gas company's stock valued at $812,000 after buying an additional 58,976 shares in the last quarter. 91.33% of the stock is owned by hedge funds and other institutional investors.

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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.