Helix Energy Solutions Group (NYSE:HLX) Shares Gap Up to $11.05

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $11.05, but opened at $11.39. Helix Energy Solutions Group shares last traded at $11.45, with a volume of 91,396 shares traded.

Wall Street Analysts Forecast Growth

Separately, TD Cowen upped their price target on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, June 25th.

Helix Energy Solutions Group Trading Up 1.9 %

The company's 50-day moving average is $11.39 and its 200-day moving average is $10.92. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of -53.64 and a beta of 2.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.08.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The business had revenue of $364.80 million for the quarter, compared to the consensus estimate of $353.19 million. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. During the same quarter in the prior year, the company earned $0.11 EPS. On average, research analysts predict that Helix Energy Solutions Group, Inc. will post 0.39 earnings per share for the current year.

Insiders Place Their Bets

In other Helix Energy Solutions Group news, Director Diana Glassman sold 2,864 shares of the business's stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $10.49, for a total transaction of $30,043.36. Following the completion of the sale, the director now directly owns 42,133 shares of the company's stock, valued at approximately $441,975.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.37% of the company's stock.

Institutional Trading of Helix Energy Solutions Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in shares of Helix Energy Solutions Group by 95.2% in the 1st quarter. Russell Investments Group Ltd. now owns 308,892 shares of the oil and gas company's stock valued at $3,348,000 after acquiring an additional 150,657 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Helix Energy Solutions Group by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,906,292 shares of the oil and gas company's stock valued at $112,118,000 after acquiring an additional 489,105 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Helix Energy Solutions Group by 74.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company's stock valued at $27,640,000 after acquiring an additional 985,101 shares during the last quarter. ARGA Investment Management LP bought a new stake in shares of Helix Energy Solutions Group in the 1st quarter valued at about $861,000. Finally, CANADA LIFE ASSURANCE Co increased its stake in Helix Energy Solutions Group by 35.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 236,168 shares of the oil and gas company's stock worth $2,560,000 after purchasing an additional 61,963 shares in the last quarter. 91.33% of the stock is owned by institutional investors.

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.