Helix Energy Solutions Group (NYSE:HLX) Trading Down 3.7% - What's Next?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) shares dropped 3.7% during mid-day trading on Monday . The stock traded as low as $6.60 and last traded at $6.59. Approximately 240,007 shares traded hands during trading, a decline of 86% from the average daily volume of 1,755,902 shares. The stock had previously closed at $6.84.

Helix Energy Solutions Group Stock Down 5.0 %

The stock has a market capitalization of $984.95 million, a PE ratio of 162.54 and a beta of 1.91. 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's 50-day moving average is $7.79 and its 200 day moving average is $8.96.

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

Hedge Funds Weigh In On Helix Energy Solutions Group

Institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. purchased a new position in shares of Helix Energy Solutions Group in the 4th quarter valued at about $34,000. Smartleaf Asset Management LLC increased its holdings in shares of Helix Energy Solutions Group by 143.1% in the fourth 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 during the last quarter. Quarry LP raised its holdings 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 acquiring an additional 2,120 shares during the period. KBC Group NV grew 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 buying an additional 3,491 shares during the period. Finally, Vontobel Holding Ltd. purchased a new stake in Helix Energy Solutions Group in the fourth quarter valued at $93,000. Hedge funds and other institutional investors 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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