Helix Energy Solutions Group (NYSE:HLX) Shares Down 9.9% - Should You Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) shares dropped 9.9% during mid-day trading on Thursday . The company traded as low as $7.61 and last traded at $7.66. Approximately 471,027 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 1,750,804 shares. The stock had previously closed at $8.50.

Helix Energy Solutions Group Price Performance

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 company has a market capitalization of $985.70 million, a PE ratio of 162.67 and a beta of 1.91. The firm's 50 day simple moving average is $8.15 and its 200 day simple moving average is $9.27.

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

Hedge Funds Weigh In On Helix Energy Solutions Group

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in Helix Energy Solutions Group by 805.6% in the 1st quarter. GAMMA Investing LLC now owns 46,320 shares of the oil and gas company's stock valued at $3,850,000 after buying an additional 41,205 shares during the period. Wellington Management Group LLP increased its holdings in shares of Helix Energy Solutions Group by 13.7% in the 4th 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 acquiring an additional 396,666 shares during the period. Sunbelt Securities Inc. bought a new position in Helix Energy Solutions Group in the fourth quarter worth about $34,000. PharVision Advisers LLC bought a new position in shares of Helix Energy Solutions Group during the 4th quarter worth approximately $179,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Helix Energy Solutions Group by 6.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 340,558 shares of the oil and gas company's stock valued at $3,174,000 after purchasing an additional 20,289 shares during the last quarter. Hedge funds and other institutional investors own 91.33% of the company's stock.

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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.