Helix Energy Solutions Group (NYSE:HLX) Sets New 12-Month Low – Should You Sell?

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $7.76 and last traded at $7.92, with a volume of 1377293 shares traded. The stock had previously closed at $8.02.

Analysts Set New Price Targets

HLX has been the subject of several research reports. BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, TD Cowen decreased their target price on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 25th.

Helix Energy Solutions Group Trading Down 0.3 %

The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 207.18 and a beta of 2.43. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The business’s 50 day simple moving average is $9.22 and its 200 day simple moving average is $10.05.

Insider Transactions at Helix Energy Solutions Group

In other news, EVP Kenneth English Neikirk sold 83,991 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $9.17, for a total transaction of $770,197.47. Following the completion of the sale, the executive vice president now owns 104,549 shares in the company, valued at approximately $958,714.33. This trade represents a 44.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Scott Andrew Sparks sold 170,000 shares of Helix Energy Solutions Group stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the completion of the sale, the chief operating officer now owns 112,634 shares of the company’s stock, valued at $1,111,697.58. This trade represents a 60.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 269,991 shares of company stock worth $2,607,137. 6.37% of the stock is owned by insiders.

Institutional Trading of Helix Energy Solutions Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. bought a new position in Helix Energy Solutions Group in the 3rd quarter valued at about $33,000. Smartleaf Asset Management LLC increased its holdings in Helix Energy Solutions Group by 143.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company’s stock valued at $45,000 after buying an additional 2,902 shares during the period. Millburn Ridgefield Corp bought a new position in Helix Energy Solutions Group in the 3rd quarter valued at about $61,000. KBC Group NV grew its holdings in shares of Helix Energy Solutions Group by 61.8% during the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock valued at $85,000 after purchasing an additional 3,491 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Helix Energy Solutions Group by 21.1% during the 3rd quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock valued at $86,000 after purchasing an additional 1,343 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s 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.