Helix Energy Solutions Group (NYSE:HLX) Shares Down 4.8%

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s share price fell 4.8% on Tuesday . The stock traded as low as $10.32 and last traded at $10.33. Approximately 281,992 shares traded hands during trading, a decline of 84% from the average session volume of 1,757,946 shares. The stock had previously closed at $10.85.

Analysts Set New Price Targets

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

Helix Energy Solutions Group Trading Down 4.9 %

The stock has a market cap of $1.57 billion, a PE ratio of -49.19 and a beta of 2.45. The company's fifty day moving average is $11.38 and its 200-day moving average is $10.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 2.08.

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

Insider Transactions at Helix Energy Solutions Group

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

Institutional Trading of Helix Energy Solutions Group

Institutional investors have recently modified their holdings of the stock. Doheny Asset Management CA lifted its position in shares of Helix Energy Solutions Group by 1.8% in the second quarter. Doheny Asset Management CA now owns 164,584 shares of the oil and gas company's stock valued at $1,965,000 after acquiring an additional 2,964 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Helix Energy Solutions Group by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,081 shares of the oil and gas company's stock valued at $885,000 after purchasing an additional 3,559 shares during the last quarter. Encompass Capital Advisors LLC lifted its holdings in Helix Energy Solutions Group by 2.4% in the 2nd quarter. Encompass Capital Advisors LLC now owns 2,124,306 shares of the oil and gas company's stock valued at $25,364,000 after purchasing an additional 50,570 shares in the last quarter. Caxton Associates LP boosted its stake in Helix Energy Solutions Group by 225.5% during the 2nd quarter. Caxton Associates LP now owns 94,860 shares of the oil and gas company's stock worth $1,133,000 after purchasing an additional 65,720 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Helix Energy Solutions Group during the second quarter worth $45,000. Institutional investors and hedge funds 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.