Helix Energy Solutions Group (NYSE:HLX) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Helix Energy Solutions Group (NYSE:HLX) issued its quarterly earnings data on Monday. The oil and gas company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04, Zacks reports. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The firm had revenue of $355.13 million for the quarter, compared to analysts’ expectations of $311.66 million.

Helix Energy Solutions Group Price Performance

Shares of NYSE:HLX traded up $0.02 on Wednesday, hitting $8.62. The company had a trading volume of 101,214 shares, compared to its average volume of 1,307,009. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.31 billion, a PE ratio of 217.05 and a beta of 2.43. Helix Energy Solutions Group has a 52-week low of $7.76 and a 52-week high of $13.05. The business has a 50 day moving average of $8.68 and a 200 day moving average of $9.72.

Insider Buying and Selling

In other Helix Energy Solutions Group news, Director Diana Glassman sold 16,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total transaction of $159,040.00. Following the transaction, the director now owns 26,133 shares of the company’s stock, valued at $259,762.02. This represents a 37.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Scott Andrew Sparks sold 170,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total value of $1,677,900.00. Following the sale, the chief operating officer now owns 112,634 shares in the company, 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 quarter, insiders sold 269,991 shares of company stock worth $2,607,137. 6.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th.

About Helix Energy Solutions Group

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.