Insider Selling: Helix Energy Solutions Group, Inc. (NYSE:HLX) EVP Sells 83,991 Shares of Stock

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) EVP Kenneth English Neikirk sold 83,991 shares of the firm's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $9.17, for a total transaction of $770,197.47. Following the sale, the executive vice president now owns 104,549 shares in the company, valued at approximately $958,714.33. This trade represents a 44.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Helix Energy Solutions Group Stock Up 3.9 %

Shares of NYSE:HLX traded up $0.36 during midday trading on Thursday, reaching $9.68. The company's stock had a trading volume of 882,734 shares, compared to its average volume of 1,776,875. 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 firm has a 50 day moving average of $9.90 and a 200-day moving average of $10.56. The firm has a market capitalization of $1.47 billion, a P/E ratio of 242.06 and a beta of 2.45. Helix Energy Solutions Group, Inc. has a 12-month low of $8.81 and a 12-month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The company had revenue of $342.42 million during the quarter, compared to analyst estimates of $354.74 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. During the same quarter last year, the company earned $0.19 EPS. On average, research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Institutional Investors Weigh In On Helix Energy Solutions Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Helix Energy Solutions Group by 11.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,065,620 shares of the oil and gas company's stock worth $11,829,000 after purchasing an additional 106,582 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Helix Energy Solutions Group by 217.0% in 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 buying an additional 209,311 shares during the last quarter. Fisher Asset Management LLC raised its position in Helix Energy Solutions Group by 3.9% during the third quarter. Fisher Asset Management LLC now owns 1,941,340 shares of the oil and gas company's stock valued at $21,549,000 after purchasing an additional 72,945 shares during the period. Semanteon Capital Management LP purchased a new position in Helix Energy Solutions Group during the third quarter worth $628,000. Finally, Principal Financial Group Inc. grew its stake in shares of Helix Energy Solutions Group by 38.6% during the third quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company's stock valued at $22,919,000 after buying an additional 575,450 shares during the last quarter. Hedge funds and other institutional investors own 91.33% of the company's stock.

Wall Street Analyst Weigh In

HLX has been the topic of several recent research reports. StockNews.com raised shares of Helix Energy Solutions Group from a "sell" rating to a "hold" rating in a report on Wednesday, December 4th. Raymond James began coverage on Helix Energy Solutions Group in a research note on Thursday, September 19th. They set a "strong-buy" rating and a $14.00 price objective on the stock. BTIG Research lowered Helix Energy Solutions Group from a "buy" rating to a "neutral" rating in a research note on Thursday, October 24th. Finally, TD Cowen dropped their target price on Helix Energy Solutions Group from $16.00 to $15.00 and set a "buy" rating for the company in a report on Friday, October 25th.

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.