Short Interest in Helix Energy Solutions Group, Inc. (NYSE:HLX) Expands By 10.2%

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 5,850,000 shares, a growth of 10.2% from the July 15th total of 5,310,000 shares. Currently, 4.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,900,000 shares, the days-to-cover ratio is presently 3.1 days.

Insider Buying and Selling at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 7,521 shares of the business's stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $11.54, for a total transaction of $86,792.34. Following the sale, the chief executive officer now directly owns 7,471,329 shares in the company, valued at approximately $86,219,136.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 7,521 shares of the business's stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $11.54, for a total transaction of $86,792.34. Following the sale, the chief executive officer now directly owns 7,471,329 shares in the company, valued at approximately $86,219,136.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diana Glassman sold 2,864 shares of the business's stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $10.49, for a total transaction of $30,043.36. Following the sale, the director now owns 42,133 shares in the company, valued at $441,975.17. The disclosure for this sale can be found here. 6.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Helix Energy Solutions Group

A number of institutional investors and hedge funds have recently bought and sold shares of HLX. Raymond James Financial Services Advisors Inc. increased its position in Helix Energy Solutions Group by 34.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,724 shares of the oil and gas company's stock worth $141,000 after purchasing an additional 3,554 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Helix Energy Solutions Group by 42.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 21,232 shares of the oil and gas company's stock worth $218,000 after acquiring an additional 6,369 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of Helix Energy Solutions Group during the 4th quarter valued at approximately $729,000. Illinois Municipal Retirement Fund boosted its stake in shares of Helix Energy Solutions Group by 11.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 88,023 shares of the oil and gas company's stock valued at $905,000 after buying an additional 8,923 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of Helix Energy Solutions Group during the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 91.33% of the company's stock.

Helix Energy Solutions Group Price Performance

HLX stock traded up $0.09 during trading on Monday, hitting $10.85. The stock had a trading volume of 819,438 shares, compared to its average volume of 1,767,229. The company's 50 day moving average price is $11.38 and its two-hundred day moving average price is $10.86. Helix Energy Solutions Group has a 1-year low of $8.82 and a 1-year high of $13.05. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of -51.43 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 announced its earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The firm had revenue of $364.80 million during the quarter, compared to the consensus estimate of $353.19 million. During the same quarter in the previous year, the company posted $0.11 EPS. On average, sell-side analysts forecast that Helix Energy Solutions Group will post 0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, TD Cowen boosted their price objective 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.

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.