Helix Energy Solutions Group (NYSE:HLX) Releases Earnings Results, Beats Expectations By $0.18 EPS

Helix Energy Solutions Group (NYSE:HLX) announced its quarterly earnings data on Monday. The oil and gas company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.18, Zacks reports. Helix Energy Solutions Group had a return on equity of 2.75% and a net margin of 3.25%.

Helix Energy Solutions Group Trading Up 1.6%

Shares of NYSE HLX traded up $0.14 during mid-day trading on Monday, hitting $9.08. 1,739,367 shares of the company traded hands, compared to its average volume of 1,920,926. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group has a 1 year low of $5.52 and a 1 year high of $9.27. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 32.43 and a beta of 1.25. The business has a 50 day moving average of $7.39 and a two-hundred day moving average of $6.83.

Institutional Trading of Helix Energy Solutions Group

A number of hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Helix Energy Solutions Group in the fourth quarter worth about $27,000. Royal Bank of Canada raised its holdings in shares of Helix Energy Solutions Group by 175.9% during the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 4,458 shares during the period. XTX Topco Ltd purchased a new stake in shares of Helix Energy Solutions Group in the 2nd quarter valued at approximately $80,000. WINTON GROUP Ltd acquired a new position in Helix Energy Solutions Group in the 2nd quarter worth approximately $85,000. Finally, Graham Capital Management L.P. acquired a new position in Helix Energy Solutions Group in the 4th quarter worth approximately $85,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HLX has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Helix Energy Solutions Group in a report on Monday, December 29th. Zacks Research upgraded shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $10.50.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.