Helix Energy Solutions Group, Inc. (HLX) COO Scott Andrew Sparks Sells 10,000 Shares
Helix Energy Solutions Group, Inc. (NYSE:HLX) COO Scott Andrew Sparks sold 10,000 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $6.75, for a total transaction of $67,500.00. Following the sale, the chief operating officer now owns 151,530 shares of the company’s stock, valued at approximately $1,022,827.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Helix Energy Solutions Group had a negative net margin of 13.72% and a negative return on equity of 1.80%. The business had revenue of $163.30 million during the quarter, compared to the consensus estimate of $168.97 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year.
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HLX has been the subject of a number of recent analyst reports. Cowen and Company reiterated a “buy” rating and set a $10.00 target price on shares of Helix Energy Solutions Group in a research report on Tuesday, July 11th. Piper Jaffray Companies restated a “hold” rating on shares of Helix Energy Solutions Group in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Bank of America Corporation initiated coverage on shares of Helix Energy Solutions Group in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $7.00 price objective for the company. Finally, Capital One Financial Corporation restated an “overweight” rating on shares of Helix Energy Solutions Group in a research report on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $9.33.
A number of institutional investors have recently bought and sold shares of HLX. BlackRock Inc. boosted its stake in Helix Energy Solutions Group by 31,634.0% during the 1st quarter. BlackRock Inc. now owns 17,588,903 shares of the oil and gas company’s stock valued at $136,665,000 after purchasing an additional 17,533,477 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Helix Energy Solutions Group by 1,859.2% in the 2nd quarter. Alliancebernstein L.P. now owns 3,253,733 shares of the oil and gas company’s stock worth $18,351,000 after acquiring an additional 3,087,661 shares during the period. Vanguard Group Inc. lifted its stake in shares of Helix Energy Solutions Group by 31.4% in the 1st quarter. Vanguard Group Inc. now owns 12,647,162 shares of the oil and gas company’s stock worth $98,268,000 after acquiring an additional 3,022,776 shares during the period. Key Group Holdings Cayman LTD. acquired a new stake in shares of Helix Energy Solutions Group in the 2nd quarter worth approximately $9,130,000. Finally, FMR LLC lifted its stake in shares of Helix Energy Solutions Group by 50.8% in the 1st quarter. FMR LLC now owns 4,072,627 shares of the oil and gas company’s stock worth $31,644,000 after acquiring an additional 1,372,429 shares during the period. 86.86% of the stock is owned by hedge funds and other institutional investors.
Helix Energy Solutions Group Company Profile
Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.
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