Helix Energy Solutions Group (NYSE:HLX) Trading Down 0.9% - Should You Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s share price dropped 0.9% on Tuesday . The stock traded as low as $6.32 and last traded at $6.48. Approximately 175,053 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 1,778,761 shares. The stock had previously closed at $6.54.

Helix Energy Solutions Group Stock Performance

The firm has a market capitalization of $981.16 million, a P/E ratio of 161.67 and a beta of 1.91. The company has a 50-day moving average of $7.75 and a 200-day moving average of $8.93. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its earnings results on Monday, February 24th. The oil and gas company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.09 by $0.04. The business had revenue of $355.13 million for the quarter, compared to analysts' expectations of $311.66 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. On average, equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Helix Energy Solutions Group

Several hedge funds and other institutional investors have recently bought and sold shares of HLX. Sunbelt Securities Inc. acquired a new position in shares of Helix Energy Solutions Group in the 4th quarter valued at about $34,000. Smartleaf Asset Management LLC boosted 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 worth $45,000 after buying an additional 2,902 shares in the last quarter. Quarry LP grew its position 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 buying an additional 2,120 shares during the period. KBC Group NV increased its stake in shares of Helix Energy Solutions Group by 61.8% in the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock valued at $85,000 after acquiring an additional 3,491 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new position in shares of Helix Energy Solutions Group during the 4th quarter valued at $93,000. Institutional investors and hedge funds own 91.33% of the company's stock.

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.

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