Helix Energy Solutions Group (NYSE:HLX) Issues Earnings Results, Beats Expectations By $0.02 EPS

Helix Energy Solutions Group (NYSE:HLX) issued its earnings results on Wednesday. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02, RTT News reports. 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 business posted $0.19 EPS.

Helix Energy Solutions Group Stock Down 2.9 %

Shares of NYSE HLX traded down $0.28 during trading hours on Thursday, hitting $9.25. 3,974,851 shares of the stock were exchanged, compared to its average volume of 1,828,375. The company has a market cap of $1.41 billion, a PE ratio of -44.02 and a beta of 2.41. Helix Energy Solutions Group has a 12 month low of $8.82 and a 12 month high of $13.05. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $10.41 and a 200-day moving average price of $10.99.

Insiders Place Their Bets

In other news, CEO Owen E. Kratz sold 298,419 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the completion of the sale, the chief executive officer now owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HLX shares. BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday. Raymond James started coverage on 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.

Helix Energy Solutions Group Company Profile

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.