Zacks: Brokerages Expect Helix Energy Solutions Group Inc (HLX) Will Announce Earnings of -$0.01 Per Share
Wall Street brokerages expect that Helix Energy Solutions Group Inc (NYSE:HLX) will report ($0.01) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Helix Energy Solutions Group’s earnings, with estimates ranging from ($0.02) to $0.00. Helix Energy Solutions Group posted earnings of ($0.05) per share in the same quarter last year, which would indicate a positive year over year growth rate of 80%. The business is scheduled to announce its next earnings results on Monday, February 19th.
According to Zacks, analysts expect that Helix Energy Solutions Group will report full year earnings of ($0.14) per share for the current year, with EPS estimates ranging from ($0.16) to ($0.10). For the next financial year, analysts expect that the firm will post earnings of $0.13 per share, with EPS estimates ranging from $0.05 to $0.21. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Helix Energy Solutions Group.
Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.02. The business had revenue of $163.30 million during the quarter, compared to analyst estimates of $168.97 million. Helix Energy Solutions Group had a negative net margin of 13.72% and a negative return on equity of 1.80%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $0.10 EPS.
A number of equities research analysts recently weighed in on the stock. Cowen set a $10.00 price target on shares of Helix Energy Solutions Group and gave the company a “buy” rating in a report on Thursday. Piper Jaffray Companies set a $7.00 price target on shares of Helix Energy Solutions Group and gave the company a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Finally, Capital One Financial reissued an “overweight” rating on shares of Helix Energy Solutions Group in a report on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $8.40.
In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $6.75, for a total transaction of $67,500.00. Following the completion of the transaction, the chief operating officer now directly 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 is available through this hyperlink. Also, Director Nancy K. Quinn sold 11,268 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $7.44, for a total transaction of $83,833.92. Following the transaction, the director now directly owns 104,107 shares of the company’s stock, valued at $774,556.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,734 shares of company stock valued at $196,079. 5.70% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Amalgamated Bank grew its holdings 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 worth $104,000 after acquiring an additional 683 shares in the last quarter. Jane Street Group LLC acquired a new position in Helix Energy Solutions Group during the 3rd quarter worth $118,000. Green Square Capital LLC grew its holdings 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 worth $121,000 after acquiring an additional 359 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Helix Energy Solutions Group in the 2nd quarter worth about $151,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Helix Energy Solutions Group in the 2nd quarter worth about $169,000. 85.92% of the stock is owned by institutional investors.
Helix Energy Solutions Group (NYSE HLX) traded up $0.34 on Monday, reaching $8.68. 1,587,500 shares of the company were exchanged, compared to its average volume of 1,322,822. The firm has a market cap of $1,280.00, a price-to-earnings ratio of -14.47 and a beta of 2.61. Helix Energy Solutions Group has a 1-year low of $4.82 and a 1-year high of $8.89. 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 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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