Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) dropped 2.8% during mid-day trading on Monday after an insider sold shares in the company. The company traded as low as $6.86 and last traded at $7.25. Approximately 1,217,400 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 2,070,633 shares. The stock had previously closed at $7.46.

Specifically, EVP Anthony Tripodo sold 6,466 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $6.92, for a total transaction of $44,744.72. Following the completion of the sale, the executive vice president now directly owns 318,937 shares in the company, valued at $2,207,044.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Scott Andrew Sparks sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $6.75, for a total value of $67,500.00. Following the sale, the chief operating officer now owns 151,530 shares of the company’s stock, valued at $1,022,827.50. The disclosure for this sale can be found here. Insiders have sold 27,734 shares of company stock valued at $196,079 over the last 90 days. 5.70% of the stock is currently owned by insiders.

HLX has been the subject of several research analyst reports. Bank of America Corporation initiated coverage on Helix Energy Solutions Group in a research note on Tuesday, September 5th. They set a “neutral” rating and a $7.00 price target for the company. Piper Jaffray Companies restated a “hold” rating on shares of Helix Energy Solutions Group in a research note on Friday, October 27th. BidaskClub upgraded Helix Energy Solutions Group from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Cowen and Company restated a “buy” rating and set a $9.00 price target on shares of Helix Energy Solutions Group in a research note on Friday, September 1st. Finally, Zacks Investment Research lowered Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Three investment 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. Helix Energy Solutions Group has a consensus rating of “Hold” and an average target price of $9.33.

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 2.02.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Helix Energy Solutions Group had a negative return on equity of 1.80% and a negative net margin of 13.72%. The business had revenue of $163.30 million during the quarter, compared to analyst estimates of $168.97 million. During the same quarter last year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. analysts anticipate that Helix Energy Solutions Group, Inc. will post -0.13 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Green Square Capital LLC grew its stake in Helix Energy Solutions Group by 1.7% during the 2nd quarter. Green Square Capital LLC now owns 21,392 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 359 shares in the last quarter. Amalgamated Bank grew its stake in Helix Energy Solutions Group by 3.8% during the 2nd quarter. Amalgamated Bank now owns 18,427 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 683 shares in the last quarter. Texas Permanent School Fund grew its stake in Helix Energy Solutions Group by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 100,257 shares of the oil and gas company’s stock valued at $565,000 after purchasing an additional 833 shares in the last quarter. Keybank National Association OH grew its stake in Helix Energy Solutions Group by 1.1% during the 2nd quarter. Keybank National Association OH now owns 155,000 shares of the oil and gas company’s stock valued at $874,000 after purchasing an additional 1,620 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in Helix Energy Solutions Group by 6.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 32,420 shares of the oil and gas company’s stock valued at $183,000 after purchasing an additional 1,920 shares in the last quarter. Hedge funds and other institutional investors own 87.13% of the company’s stock.

WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.watchlistnews.com/helix-energy-solutions-group-inc-hlx-shares-down-2-8-on-insider-selling/1700942.html.

About Helix Energy Solutions Group

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.

Receive News & Ratings for Helix Energy Solutions Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helix Energy Solutions Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.