Helix Energy Solutions Group (NYSE:HLX) Shares Down 4.4% - Here's What Happened

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) fell 4.4% on Thursday . The company traded as low as $9.02 and last traded at $9.10. 671,702 shares were traded during trading, a decline of 63% from the average session volume of 1,812,345 shares. The stock had previously closed at $9.52.

Wall Street Analyst Weigh In

HLX has been the topic of a number of recent analyst reports. Raymond James began coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They issued a "strong-buy" rating and a $14.00 price target on the stock. BTIG Research lowered Helix Energy Solutions Group from a "buy" rating to a "neutral" rating in a research note on Thursday.

Helix Energy Solutions Group Stock Down 2.9 %

The company has a market capitalization of $1.41 billion, a P/E ratio of -44.02 and a beta of 2.41. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.21. The stock's fifty day moving average is $10.41 and its 200 day moving average is $10.99.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. 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 previous year, the company earned $0.19 EPS. Research analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of the firm's stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the completion of the transaction, the chief executive officer now owns 7,171,860 shares of the company's stock, valued at approximately $85,488,571.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.37% of the stock is owned by company insiders.

Institutional Trading of Helix Energy Solutions Group

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC raised its stake in Helix Energy Solutions Group by 10.4% during the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company's stock valued at $108,000 after buying an additional 850 shares during the last quarter. Diversified Trust Co lifted its holdings in Helix Energy Solutions Group by 2.1% in the third quarter. Diversified Trust Co now owns 49,348 shares of the oil and gas company's stock valued at $548,000 after acquiring an additional 1,005 shares during the period. Arizona State Retirement System lifted its holdings in Helix Energy Solutions Group by 3.0% in the second quarter. Arizona State Retirement System now owns 40,535 shares of the oil and gas company's stock valued at $484,000 after acquiring an additional 1,187 shares during the period. GAMMA Investing LLC grew its stake in shares of Helix Energy Solutions Group by 24.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company's stock valued at $76,000 after purchasing an additional 1,236 shares during the period. Finally, Bleakley Financial Group LLC increased its position in shares of Helix Energy Solutions Group by 10.2% during the 1st quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company's stock valued at $163,000 after purchasing an additional 1,391 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors.

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.